IRB InvIT Fund's Q3FY25 Quarter Results
- 28 Jan 2025
Result Summary
- IRB InvIT Fund reported a 4.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 0.4%.
- Its expenses for the quarter were up by 3.2% QoQ and down 5.7% YoY.
- The net profit increased 6.6% QoQ and increased 12.4% YoY.
- The earnings per share (EPS) of IRB InvIT Fund - at - during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 282.11 | 270.40 | 283.32 | 4.3% | -0.4% |
Total Expenses | 188.02 | 182.11 | 199.31 | 3.2% | -5.7% |
Profit Before Tax | 94.10 | 88.28 | 84.00 | 6.6% | 12.0% |
Tax | 3.15 | 2.95 | 3.09 | 6.8% | 1.9% |
Profit After Tax | 90.95 | 85.33 | 80.91 | 6.6% | 12.4% |
Earnings Per Share | 0.00 | 0.00 | 0.00 | - | - |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
IRB InvIT Fund is a public infrastructure investment trust in India, primarily engaged in the business of operating and managing infrastructure assets. The trust focuses on road and highway projects, making it a significant player in the infrastructure sector. It was established to allow investors to invest in operational infrastructure assets. These assets typically generate steady cash flows, providing an investment opportunity with potential for returns through dividends and capital appreciation. As an InvIT, IRB InvIT Fund is a part of the broader infrastructure development landscape in India, contributing to the country's economic growth by enhancing its road networks. There are no recent major developments available from the given data.
Revenue
In the third quarter of the fiscal year 2025, IRB InvIT Fund reported a total income of ₹282.11 crores. This marks a quarter-over-quarter (QoQ) increase of 4.3% from ₹270.40 crores in Q2FY25. However, there is a slight year-over-year (YoY) decrease of 0.4% compared to the total income of ₹283.32 crores in Q3FY24. This indicates stable revenue generation over the periods, with a marginal decline when compared to the previous year. The revenue figures highlight the company's ability to maintain a consistent income stream from its operations.
Profitability
The profit before tax for Q3FY25 amounted to ₹94.10 crores, reflecting a QoQ increase of 6.6% from ₹88.28 crores in Q2FY25 and a YoY growth of 12.0% from ₹84.00 crores in Q3FY24. After accounting for taxes of ₹3.15 crores, the profit after tax stood at ₹90.95 crores for Q3FY25, again showing a QoQ increase of 6.6% from ₹85.33 crores in the previous quarter and a YoY increase of 12.4% from ₹80.91 crores in the same quarter last year. The rise in profitability both sequentially and annually indicates robust management of expenses and revenue, contributing to the overall financial health of the company.
Operating Metrics
Total expenses for Q3FY25 were ₹188.02 crores, showing a QoQ increase of 3.2% from ₹182.11 crores in Q2FY25, but a YoY decrease of 5.7% from ₹199.31 crores in Q3FY24. This reduction in total expenses year-over-year suggests effective cost management. The earnings per share (EPS) remained at ₹0.00 across all compared periods, which might indicate distributions are primarily through dividends rather than earnings growth per share, consistent with typical InvIT structures. No other operating metrics such as financial ratios or detailed segment performance were provided in the data.
