Profit before tax climbed 42.82% year on year to Rs 256.85 crore in the quarter ended 30 september 2023.

EBITDA jumped 21% to Rs 924 crore in Q2 FY24 as compared to Rs 761 crore posted in the same quarter previous year.

Toll revenue of IRB and its Associates grew by 22% to Rs 1,203 crore in Q2 FY24 as compared with Rs 984 crore in Q2 FY23.

On half-year basis, the company's net profit declined by 48.82% to Rs 229.51 crore on 5.40% increased in Total income to Rs 3619.97 crore in H1 FY24 over H1 FY23.

Meanwhile, the company has declared an interim dividend of Rs 0.10 per equity share for FY24. The record date for the purpose of payment of dividend is Monday, 6 November 2023.

Virendra D. Mhaiskar, chairman & managing director, IRB Infrastructure Developers, said, "Overall the performance looks very promising backed by consistent growth seen in toll collections on YoY basis across assets, coupled with commencement of tolling on Hyderabad ORR and achieving financial closure of the BOT project bagged earlier in the State of Gujarat. We expect the coming quarters to be stronger boosted by the festive season setting in and development of under construction projects picking pace

Furthermore, the company has received letter of award from the National Highways Authority of India (NHAI) for Rs 4,428 crore Lalitpur Lakhnadon NH44 TOT 12 Project. This will enable the Trust to form Project SPV and proceed for signing Concession Agreement and the financial closure subsequently in a stipulated time frame.

The award of the project will boost IRB's order book by Rs 3,900 crore that includes Rs.600 crore towards EPC and balance Rs.3,300 crore towards O&M activities.

The Trust had recently emerged as a preferred bidder for approximately 316 Kms (around 1,264 Lane Kms) long stretch under toll-operate-transfer (TOT) model for the revenue linked Concession of 20 years.

IRB Infrastructure Developers (IRB) is India's first Multinational Infrastructure player in Highways segment. As the largest integrated private toll roads and highways infrastructure developer in India, with this win, IRB group's asset base will swell to over Rs 70,000 crore spread in 11 States across the parent company and two InvITs.