Profit before tax tanked 36.33% to Rs 147.09 crore in Q4 FY21 as against Rs 231.05 crore in Q4 FY20.

During the financial year, IRB Infrastructure Developers' consolidated net profit slumped 83.74% to Rs 117.15 crore on 22.67% fall in revenue from operations to Rs 5,298.62 crore in FY 2021 over FY 2020. EBITDA declined 14.66% to Rs 2,702 crore in FY21 over FY20.

The company said that the numbers clearly reflect the impact of nation-wide lockdown in first quarter, followed by the strong recovery in subsequent quarters as economic activities restarted in phased manner.

Virendra D. Mhaiskar, chairman and managing director (MD) of IRB Infrastructure Developers, said: "FY21 performance was marred by national lockdown in first quarter; however, restart of economic activities in the subsequent quarters brought strong recovery to surpass pre-COVID levels. We now look forward to a better and stronger FY22. The year had some significant developments, despite pandemic environment; viz., entering global bonds market to explore new avenues for funding, achieving India's largest single debt tie-up for Mumbai Pune Expressway; achieving Full COD for Agra-Etawah and Yedeshi-Aurangabad Projects, entering Eastern India by winning BOT project in WB and also bagging and achieving Financial Closure for HAM project; thus, marching ahead firmly and strongly on the growth path."

IRB Infra is India's largest private toll roads and highways infrastructure developer. At present, IRB Group's portfolio (including private and public InvIT) has 23 projects that include 19 BOT, 1 TOT and 3 HAM projects.