IRB POSTS NET PROFIT RS. 207 CRS FOR Q4FY17 & Rs. 715 CRS FOR FY2017, DECLARES 2ND INTERIM DIVIDEND OF 30%

Screenshot_20170530_203541

·         Q4FY17 Net Profit ups 37% to Rs. 207 Crs against Rs. 151 Crs in FY16

·         FY17 Net Profit ups 12% to Rs. 715 Crs against Rs. 640 Crs in FY16

·         Q4FY17 Total Income ups 5% to Rs. 1,656 Crs against Rs. 1,571 Crs in Q4FY16

·         FY17 Total Income ups 14% to Rs. 5,969 Crs against Rs. 5,255 Crs in FY16  

·         Successfully launched and listed India’s first  InvIT IPO

·         Garnered overwhelming response of 8.7 times from investors

·         InvIT raised Rs.5032 Crores through the IPO  

 

Mumbai, May 30, 2017 (GPN) : IRB Infrastructure Developers Ltd. (IRB); India’s leading and one of the largest highways infrastructure developers, today announced its audited financial results for the fourth quarter as well as FY 2016-17. IRB rewarded its shareholders with 2nd interim dividend of Rs. 3/- per share for FY17. Earlier, in January 2017, IRB had declared first interim dividend of Rs.2/- per share. IRB, listed in 2008, has been at the forefront for creating value for its stakeholders.

The highlights of Financial Performance are:

Q4 FY 2017 V/s. Q4FY 2016                                             

Sr. No.

Particulars

Q4 FY17

(Rs. in Crs)

Q4 FY16

(Rs. in Crs)

% Increase / (Decrease)

1

Total Income

1,656

1,571

5%

2

Net Profit

207

151

37%

 FY 2017 V/s. FY 2016

Sr. No.

Particulars

Q4 FY17

(Rs. in Crs)

Q4 FY16

(Rs. in Crs)

% Increase / (Decrease)

1

Total Income

5,969

5,255

14%

2

Net Profit

715

640

12%

The highlights of Business Performance are:

  • IRB recently listed first InvIT of the country in May 2017 with 6 operational assets valued at Rs. 5920 Crore. IRB has received Rs. 1700 Crore as consideration from the InvIT and IRB continues to hold 15% of the Unit Capital of the InvIT.  Consequently, IRB’s Debt Equity Ratio has reduced substantially from 3:1 to approx. 1.8:1 which would lead credit rating upgrade for IRB. Post transfer of 6 assets to the InvIT, IRB’s Total Income and EBITDA is expected to remain at present level while PAT and Networth would improve by savings on the cost of debt and steady income from the InvIT. 
  • Company executed the Concession Agreement with NHAI through its SPV for six laning of the 90 Kms stretch of Kishangarh – Gulabpura Section of NH-79 & NH-79A
  • Company’s Construction Order Book stands at approx. Rs. 9,250 Crores at the end of FY 2016 -17
  • Company’s consolidated Networth at the end of FY2017 stands at Rs. 5,272 Crores

During the fourth quarter, Company recently received an honour of “Outstanding Contribution in Roads & Highways” from the panel of Juries at 6th EPC World Awards. 

About IRB Infrastructure Developers Ltd:

IRB Infrastructure Developers Ltd (IRB) is one of the largest private roads and highways infrastructure developers in India. 

IRB, in the 10th year of its journey towards excellence post listing, has achieved an unmatchable milestone of crossing 10,000 lanes Kms, which is the largest by any private highways infrastructure developers in India.

About the Author

Sachin Murdeshwar
Sachin Murdeshwar is a Sr.Journalist and Columnist in several Mainline Newspapers and Portals.He is an ardent traveller and likes to explore destinations to the core.

Be the first to comment on "IRB POSTS NET PROFIT RS. 207 CRS FOR Q4FY17 & Rs. 715 CRS FOR FY2017, DECLARES 2ND INTERIM DIVIDEND OF 30%"

Leave a comment

Your email address will not be published.


*