asset mutual fund has turned ₹10,000 monthly SIP into over ₹...
Source: CNBC TV18
IRB Infra's Earnings before interest, tax, depreciation and amoritsation increased by 8.6% to ₹1,083 crore from ₹997 crore in the previous year, while margins expanded to 56.2% from 46.4% in the year-ago period.
By Shloka Badkar
Shares of IRB Infrastructure Developers Ltd. gained over 6% on Wednesday, May 20, after the company reported its fourth quarter earnings which were stronger on the operating front.
While the company's profitability, Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) and EBITDA margins grew from the year-ago period, the topline was lower compared to last year.
IRB Infra's net profit came in at ₹296.2 crore, up 38% from the previous year's ₹214.7 crore. However, revenue for the quarter fell by 10.3% to ₹1,927 crore in the fourth quarter from ₹2,149 crore last year.
Earnings before interest, tax, depreciation and amoritsation increased by 8.6% to ₹1,083 crore from ₹997 crore in the previous year, while margins expanded to 56.2% from 46.4% in the year-ago period.
IRB Infra also declared its fourth interim dividend of 5%, that of ₹0.05 per equity share of face value ₹1 each, for the financial year 2026. The record date for the same is May 26, 2026. The same will be paid to the eligible shareholders on or before June 18, 2026. This is also lower than the previous three interim dividends it declared in FY26 — ₹0.7 each in February, November and August.
Shares of IRB Infra are trading 5.5% higher after the results announcement. The stock recently began trading adjusted for its bonus issue of shares.
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Source: CNBC TV18
Source: The Economic Times
Source: The Economic Times
Source: The Economic Times