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EBITDA increased to Rs 891 crore while the PAT stands Rs 175 crore
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IRB Infrastructure Developers, one of India’s leading and largest integrated highway infrastructure developers announced the Q4FY22 financial results in its Board Meeting held on Tuesday.
The company reported total income Q4FY22 of Rs 1,683 crore. EBITDA increased to Rs 891 crore while the PAT stands Rs 175 crore. The cash profit FY22 is Rs 914 while for Q4FY22 is Rs 383.
Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers said, “We witnessed a robust growth in collections across projects as the Pandemic related restrictions were relaxed and Farmer’s protest was called off. The year witnessed some commendable achievements like closing deal with Cintra Global S.E. (Ferrovial N.A., Spain) and Bricklayers Investment Pte. Ltd. (GIC Affiliates, Singapore) over and above routine business of winning projects, achieving financial closures, commissioning projects, etc. With the new partners on board, we are now well equipped and fully geared up to take on new opportunities and challenges in the sector and look forward to a better and stronger FY23. We are back to growth trajectory and will be following our BEST strategy to unlock value on a regular basis to realise returns for our shareholders.”