IRB Infrastructure Developers announced Q2FY23 results: IRB Infra Q2FY23 net profit more than doubles to Rs. 85 crore from Rs. 42 crore in corresponding quarter of FY22 Total revenue for Q2FY23 at Rs. 1,439 crore Toll revenue across IRB and Pvt InvIT entities together up by ~ 53% YoY for first half While commenting on the occasion, Mr. Virendra D. Mhaiskar, Chairman & Managing Director of the Company said, “We witnessed robust growth in toll collections YoY, even as monsoons kept the construction segment soft during the quarter. Overall, a strong movement on business front included Ganga Expressway receiving appointed date to commence construction activity, GIC’s equity funding for the project, shareholder’s nod for Vadodara Kim HAM project getting transferred to the Public InvIT, compensation for revenue loss during farmers agitations, etc. have been much encouraging for us.” He further added, “With construction on Ganga Expressway project getting into full execution mode, we are now confident of achieving construction turnover of approx. Rs. 4,500 Crs for FY23. Wish all our stakeholders a very safe, healthy and prosperous festival of lights.” Result PDF