Roads & Highways company IRB Infrastructure Developers announced Q3FY24 results: Total Income grows 32% YoY, Rs 2,077 crore vs Rs 1,570 crore in Q3FY23 Aggregate toll collection of the Company and its Private InvIT Associate for the quarter under review grows approx. 25% YoY, Rs 1,373 crore vs Rs 1,099 crore It has reported a Net Profit of Rs 187 crore against Rs 141 crore for Q3FY23. IRB Infrastructure Trust, Private InvIT Associate of the Company declared a Distribution of ~ Rs 288 crore (IRB's share - 51% i.e. ~Rs 147 crore) Company’s Private InvIT Associate was awarded TOT-12 and TOT-13 projects in Madhya Pradesh and Rajasthan Group’s market share in the awarded TOT projects space is 38%, the largest by any private player in the Sector TOT-12 is the single largest contiguous National Highway stretch (in Kms length) awarded to date on a TOT basis Received appointed date for Samakhiyali Santalpur BOT project in December 2023; thus, enabling the Company to start tolling and construction the company has declared 2nd Interim Dividend of 10% (Face Value of Re 1/-) for Q3FY24 While commenting on the occasion, Shri Virendra D. Mhaiskar, Chairman & Managing Director of the Company said, “The past quarter marked a significant period for our company, highlighted by two successful TOT wins, maiden distribution from Pvt InvIT, achieving the appointed date for a key BOT project, robust momentum in the construction segment, and an impressive ~25% growth witnessed in toll collection across all assets – an exemplary feat. With these wins, not only did our market share in the TOT space increase to 38%, the largest by any private player in the sector but also pivoted our position as the leading transport infrastructure developer in the highways sector of India." He added, "This momentum is expected to continue in coming quarters as well - backed by Government commitment to infrastructure growth in the country, our strong balance sheet, and continued distributions from InvITs.” Result PDF