IRB Infrastructure Developers Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 15,858.44 million compared to INR 17,449.97 million a year ago. Revenue was INR 17,516.2 million compared to INR 18,745.06 million a year ago. Net income was INR 998.69 million compared to INR 957.47 million a year ago. Basic earnings per share from continuing operations was INR 0.17 compared to INR 0.16 a year ago.
For the six months, sales was INR 34,387.8 million compared to INR 33,792.19 million a year ago. Revenue was INR 37,233.02 million compared to INR 36,199.78 million a year ago. Net income was INR 2,398.53 million compared to INR 2,295.15 million a year ago. Basic earnings per share from continuing operations was INR 0.4 compared to INR 0.38 a year ago.
IRB Infrastructure Developers Ltd. is an India-based integrated and multinational transport infrastructure developer in roads and highways sector, with major presence in the build-operate-transfer (BOT) space. The Company's in-house integrated project execution capabilities include engineering, procurement and construction (EPC) and operation and maintenance (O&M) across all its business verticals like BOT, toll-operate-transfer (TOT) and hybrid annuity model (HAM). Its segments include BOT/TOT Projects and Construction. The BOT/TOT Projects segment includes operation and maintenance of roads. The Construction segment includes development and maintenance of roads. Its highways infrastructure projects include BOT Projects, BOT/TOT Projects (Private InvIT), Projects under O & M (Public InvIT), TOT Projects, HAM Projects and Completed Concessions. The Company's airport infrastructure projects include Sindhudurg Airport. It has approximately 15,500 lane kilometers under operation.
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