IRB Infrastructure Developers Ltd is an infrastructure development company based in India. The company, incorporated on July 27, 1998, develops roadways and highways. It covers engineering, procurement, and construction and manages the operation and maintenance of all sides of its businesses. The company manages 12,975 lane kilometres across 23 assets. It was primarily meant to handle build-operate-transfer (BOT) projects but has also diversified in the HAM space (Hybrid Annuity Model). Apart from building roadways and tunnels, the company also engages in real-estate development.
Its market capitalisation was Rs 15,061 crore on November 18, 2022. IRB Infrastructure Developers Ltd is listed on the Bombay Stock Exchange with code 532947 and on the National Stock Exchange with the symbol IRB.
On November 17, 2022, IRB Infrastructure Developers Ltd share price closed at Rs 249.40. The share prices have risen by 251.08% over the past three years and maintained growth of 18.45% in the past 12 months. The share’s 52-week high was Rs 302.95, and the 52-week low was 178.90 on November 18, 2022.
IRB Infrastructure Developers Ltd earned Rs 1,343 crore in revenue in the September quarter of 2022, which is a 30.23% decline from the June 2022 quarter, which was also the company’s best quarter in the past two years with Rs 1,925 crore in revenue. In the same quarter, the company made a profit of Rs 363 crore, which was 327% higher than its profit in the September 2022 quarter at Rs 85.31 crore.
Altogether, 52.15% of the company’s shares are held by retail shareholders, while the promoters own 34.20% of the shares. Foreign institutional investors have 6.96% of the company shares.
IRB Infrastructure Developers Ltd is led by chairman and managing director Virendra D. Mhaiskar. Deepali V. Mhaiskar is the whole-time director, Jose Tamariz Martel Goncer is the non-retiring non-executive director, and Ravindra Dhariwa is the additional non-executive director.
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