Categories: Business News

IRB Infra’s FY19 Consolidated Income up 18% to Rs. 6,903 Crs; Q4 Consolidated Income up 40% to Rs.1,999 Crs

Mumbai, June 01, 2019:

  • FY19 EBITDA up 10% at Rs. 3,133 Crs; PAT up 7% at Rs. 850 Crs

IRB Infrastructure Developers Ltd. (IRB), India’s leading and one of the largest highway infrastructure developers, have posted Consolidated Income of Rs. 1,999 Crs for Q4 and Rs. 6,903 Crs for entire FY19; which is up by 40% and 18% respectively as compared to the corresponding period of FY18.

For the entire FY19, Company’s EBITDA went up by 10% to Rs. 3,133 Crs; whereas the Q4 EBITDA went up by 14% to Rs. 811 Crs. Company registered Q4 profit of Rs. 208 Crs.

The Company, in its Board Meeting today held at Mumbai, announced the Q4 FY19 Financial Results.

Mr. Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers Ltd. said, “It was yet another remarkable year as we clocked 18% revenue growth, even with transfer of seven operating assets to IRB InvIT last year, and a successful completion of Pune Solapur concession this year. We started our first HAM project in Gujarat and construction is going on full swing across projects. With almost Rs. 11,000 Crs of order book we have strong visibility over following two years, which will keep improving with addition of new projects. We expect the pace of awards to strengthen with elections now being over and large number of projects already lined up by NHAI. A very welcoming move from the Authority includes increased proportion of projects being considered on BOT model which we will continue to participate as the opportunity unfolds.”

The highlights of IRB Infra’s Financial Performance are as follows:

Q4 FY19 v/s. Q4 FY18

Sr.

No.

 Particulars

Q4 FY19

(In Rs. Cr.)

Q4 FY18

(In Rs. Cr.)

% YoY

1

 Total Income

1,999

1,432

40%

2

 EBITDA

811

709

14%

3

 Profit before tax

361

384

(6%)

4

 Net Profit

208

240

(13%)

 

FY 2019 v/s. FY 2018

Sr. No.

 Particulars

FY19

(In Rs. Cr.)

FY18

(In Rs. Cr.)

% Increase /

(Decrease)

1

 Total Income

6,903

5,863

18%

2

 EBITDA

3,133

2,848

10%

3

 Profit before tax

1,473

1,337

10%

4

 Net Profit including extraordinary items

850

920

(8%)

5

 Net Profit excluding extraordinary items

850

793

7%

 

The highlights of business performance for FY19 are:

  • Achieved Project COD for the Yedeshi – Aurangabad BOT Project and started tolling.
  • Refinanced project debt for Kaithal Rajasthan from 11% to 9.5%, implying yearly savings of 150 bps on debt of approximately Rs. 1400 crores.
  • Received Appointed Date from NHAI for Vadodara – Kim Expressway project under Hybrid Annuity Model; construction activity commenced.
  • Achieved Financial Closure for all three HAM Projects at the Bid Project Cost, despite the tough lending scenario and market conditions.
  • CRISIL has initiated credit rating with “A+ Positive Outlook” for long term loan facilities.

Newsvoir

Share
Published by
Tags: 999 CrsEBITDAFINANCIAL PERFORMANCEIRB Infra’s FY19 Consolidated IncomeIRB InfrastructureRs.1Virendra D. Mhaiskar
7 years ago

Recent Posts

GHR Infra Launches ‘2BHK Freedom Offer’ at GHR Callisto

Hyderabad, August 08,2026: GHR Infra has launched the '2BHK Freedom Offer' at GHR Callisto, its IGBC Green Homes…

1 day ago

RBI Holds Repo Rate at 5.25%; Realty Industry Sees Stability as Growth Driver The Reserve Bank of India’s (RBI) decision to maintain the repo rate at 5.25% and retain its ‘neutral’ monetary policy stance in the third bi-monthly Monetary Policy Committee (MPC) meeting of FY27 has elicited a measured response from the real estate industry. While the sector had hoped for a rate cut to further enhance home loan affordability and stimulate housing demand, industry leaders believe the RBI’s decision reflects a balanced approach amid elevated global uncertainties, volatile energy prices, and inflationary concerns. They noted that stable interest rates will continue to support buyer confidence, provide financial predictability for developers, and sustain the momentum witnessed in the residential real estate market. Mr. Kamlesh Thakur, President, NAREDCO Maharashtra “The RBI’s decision to maintain the repo rate at 5.25% while retaining a neutral stance reflects a prudent approach amid global uncertainties and evolving inflation dynamics. While the industry was hopeful of a rate cut, policy stability itself provides confidence to both developers and homebuyers. With borrowing costs remaining unchanged, housing demand is expected to continue its momentum, particularly in the mid-income and premium segments. The upward revision of India’s GDP growth projection to 6.7% underscores the resilience of the domestic economy. Going forward, as inflation moderates in line with the RBI’s expectations, there could be room for a more accommodative monetary policy. A future rate cut would further improve housing affordability, strengthen buyer sentiment, and accelerate investments across the residential and commercial real estate sectors.” Mr. Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory “The RBI’s decision to keep the repo rate unchanged brings continuity and predictability to the market at a time when global geopolitical developments and inflationary pressures continue to create uncertainty. Stable interest rates ensure that home loan EMIs remain broadly unchanged, allowing prospective buyers to make informed purchasing decisions without concerns over rising borrowing costs. The Indian housing market has demonstrated remarkable resilience over the past few years, supported by strong end-user demand, rising incomes, and growing confidence in the economy. With GDP growth projected at 6.7%, we expect housing demand to remain healthy across key micro-markets.” Mr. Shilpin Tater, Managing Director, Superb Realty “The RBI’s decision to maintain the repo rate is a balanced move considering the current global economic environment and domestic inflation outlook. Policy stability is particularly important for the real estate sector as it enables developers to plan projects with greater financial certainty while allowing buyers to benefit from stable lending rates. Demand for quality residential & commercial developments, especially in well-connected urban locations, is expected to remain robust. We remain optimistic that supportive monetary measures in the future could further strengthen investment activity.” Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers “The RBI has adopted a measured and responsible approach by maintaining the repo rate while closely monitoring inflationary trends and global developments. Although a rate cut would have enhanced affordability for homebuyers, the decision to maintain stability provides confidence to both consumers and developers in an uncertain macroeconomic environment. The premium and luxury housing segments continue to witness healthy demand driven by aspirational buyers and strong wealth creation, while the broader residential market remains supported by genuine end-user demand. Stable financing costs, coupled with India’s improving growth outlook, should sustain market momentum.” Mr. Dhruman Shah, Promoter, Ariha Group “The RBI’s decision to keep the repo rate unchanged reflects its focus on balancing growth with inflation management amidst ongoing global uncertainties. For the real estate sector, policy continuity is a positive outcome as it preserves financial stability and ensures that financing conditions remain predictable for both developers and homebuyers. Stable interest rates, combined with sustained infrastructure investments and urbanization, will continue to support residential sales.”

New  Delhi, August 05, 2026: The Reserve Bank of India's (RBI) decision to maintain the…

4 days ago

Alumil India Designs State-Of-The-Art Fenestration  Solutions For Nagpur’s Landmark High-Rise Residential Project

Mumbai, August 04, 2026: Alumil India, the fully-owned Indian subsidiary of Alumil Group, has successfully executed its…

5 days ago

Pichwai Art for Contemporary Walls by WallKalakar’s

New Delhi, July 31, 2026: Led by Wallpaper Designer T.C. Mathur, WallKalakar's latest Pichwai Collection…

1 week ago

Nominations Invited for Adoni Lifetime Achievement Awards 2026

Hyderabad, July 13, 2026: The Khazi India Foundation has formally invited nominations for the prestigious…

4 weeks ago

CREDAI Pune Launches Site Safety Audit Initiative to Strengthen Construction Site Safety

Maharashtra, July 06, 2026: Reinforcing its commitment to worker welfare and responsible construction practices, CREDAI Pune,…

1 month ago