IRB Infrastructure Reports 13% Income Growth in Q1 FY25
IRB Infrastructure Developers Ltd., a leading multinational highway infrastructure developer, reported a net profit of ₹140 crore for Q1 FY25, up from ₹134 crore in Q1 FY24. The company also posted a 13% year-on-year increase in consolidated income, reaching ₹1,972 crore compared to ₹1,745 crore in the same period last year.
Announcing the results in a board meeting in Mumbai, Chairman and Managing Director Virendra D. Mhaiskar highlighted the strong start to FY25, driven by continued growth in toll collections and new assets. He expressed optimism about future growth, citing robust GDP forecasts, government focus on PPP projects, and upcoming opportunities in the sector.