IRB Infrastructure Reports Profit Surge Amidst Monsoon Challenges

IRB Infrastructure Developers announced a 4% increase in consolidated net profit for the September quarter of FY25, reaching Rs 99.86 crore. Despite a decline in total income and monsoon-induced disruptions, toll collection rose by 25%. The company anticipates further growth with improved weather conditions and ongoing project developments.

IRB Infrastructure Developers demonstrated resilience in the September quarter of FY25, reporting a 4% rise in consolidated net profit to Rs 99.86 crore, up from Rs 95.74 crore in the same quarter the previous year, according to its latest regulatory filing.

However, the company's total income experienced a dip, decreasing to Rs 1,751.16 crore from Rs 1,874.50 crore year-on-year. Despite income challenges and adverse weather conditions affecting asset traffic, toll collection surged by 25%, including contributions from projects under Private InvIT.

Chairman & Managing Director Virendra D Mhaiskar expressed optimism for upcoming quarters, citing the end of monsoon disruptions and the festive season's potential combined with ongoing project completion. IRB Infrastructure continues to hold a robust asset base valued at Rs 80,000 crore across 12 states in India.

(With inputs from agencies.)