Conference Call with IRB Infrastructure Developers Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.
IRB Infrastructure Developers declares Q4FY22 result: IRB Infra posts Q4 PAT at Rs. 175 Crs, Consolidated Income at Rs. 1,683 Crs FY22 PAT at Rs. 361 Crs, Consolidated Income at Rs. 6,355 Crs Strong recovery over FY21 All projects record rise in toll collections in Q4 Mr. Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers Ltd. said, “We witnessed a robust growth in collections across projects as the Pandemic related restrictions were relaxed and Farmer’s protest was called off. The year witnessed some commendable achievements like closing deal with Cintra Global S.E. (Ferrovial N.A., Spain) and Bricklayers Investment Pte. Ltd. (GIC Affiliates, Singapore) over and above routine business of winning projects, achieving financial closures, commissioning projects, etc. With the new partners on board, we are now well equipped and fully geared up to take on new opportunities and challenges in the sector and look forward to a better and stronger FY23. We are back to growth trajectory and will be following our BEST strategy to unlock value on a regular basis to realise returns for our shareholders.” Result PDF
Roads & Highways firm IRB Infrastructure Developers declares Q3FY22 result: IRB Infra posts net profit at Rs. 73 Crs; 6% up against corresponding quarter of FY21 Reports Revenue of Rs.1,498 Crores; EBIDTA of Rs.957 Crores Completed equity fundraise of Rs.5,347 Crs via Preferential Issue to two investors Awarded Rs. 6,656 Crs Ganga Expressway Group 1 project Achieved financial closure for two new projects; Commenced construction on HAM project in Gujarat Toll Collection through FASTags scaled up further to 93% Order Book is Rs. 18,500 Crs; 40% up QoQ Profit before taxes would have been higher by Rs.66 crores at Rs.284 crores as against Rs.218 crores after adjusting one-time finance cost of Rs.66 crores because of prepayment of debt during the quarter. Accordingly, Profit after share of JV (after tax) would have been higher by Rs 48 crores to Rs.121 crores as against 73 crores. While commenting on the occasion, Mr. Virendra D. Mhaiskar, Chairman & Managing Director of the Company said, “It is an utmost pleasure to present the new unparalleled IRB to the world – owning one of the largest portfolio of road assets, backed by marquee eminent investors, with strong & lean balance sheet, having access to large pool of capital and the company with one of the best execution capabilities in the sector. The focus on improving our ESG practices will further strengthen our positioning, so also will the deployment of latest technologies across business functions to improve stakeholders experience.” He further said, “Q3FY22 was action packed for us and witnessed some remarkable feats on order wins front, which is expected to continue considering our efficient balance sheet and recently announced Infra Capex plan in the Union Budget 2023 by the Hon’ble Finance Minister. IRB’s unique business model will involve regular monetization of its stabilized assets to unlock significant value for its shareholders on continued long term basis.” Result PDF