Rs 34,800 crore order book: LIC-backed multibagger stock under Rs 65 in green as company announces strong financial performance for the first quarter of FY25

The stock gave multibagger returns of 144.5 per cent from its 52-week low of Rs 25.61 per share and a whopping 560 per cent in 5 years.

On Monday, shares of IRB INFRASTRUCTURE DEVELOPERS LTD (IRB) backed by Life Insurance Corporation of India (LIC) gained 0.63 per cent to Rs 62.37 per share from its previous closing of Rs 61.98 with an intraday high of Rs 63.15 and an intraday low of Rs 61.73. The stock’s 52-week high is Rs 78.05 and its 52-week low is Rs 25.61.

IRB Infrastructure Developers Ltd delivered strong financial results for the first quarter of FY25. The company reported a 5 per cent increase in net profit to Rs 140 crore, driven by a 13 per cent surge in consolidated income to Rs 1,972 crore. Toll collection was a key growth driver, increasing by 32 per cent year-on-year to Rs 1,556 crore, with FASTag accounting for approximately 96 per cent of the total. Additionally, IRB Infrastructure Trust declared a distribution of Rs 72.4 crore for the quarter. These results underscore the company's robust financial position and its continued growth momentum in the highways sector.

Building on the strong Q1 performance, IRB Infra and IRB Infrastructure Trust reported another impressive milestone. Toll collection for July 2024 surged by 37 per cent year-on-year to Rs 499 crore, following the robust 32 per cent growth in the previous quarter. This sustained momentum highlights the company's ability to capitalize on the growing highway infrastructure market and positions it well for continued success in the coming quarters

IRB Infrastructure Developers Ltd (IRB) is a pioneer in India's road and highway infrastructure sector, holding the distinction of being the nation's first integrated multinational player in this domain. With a strong commitment to quality, environment, safety, and security, IRB has secured ISO certifications in these areas. As the largest integrated private toll roads and highways developer in India, the company boasts an extensive asset base of approximately Rs 80,000 crore spread across 12 states. Over its 25-year journey, IRB has successfully constructed, operated, and maintained around 18,500 lane kilometres of highways, with a significant portion currently operational.

Building on its strong foundation, IRB has completed and handed over 13 concessions to government authorities. Currently, the group's portfolio comprises 26 road projects under various models, including Build-Operate-Transfer (BOT), Toll-Operate-Transfer (TOT), and Hybrid Annuity Model (HAM). This robust project pipeline underscores IRB's continued leadership and commitment to India's infrastructure development.

The company has a market cap of over Rs 37,000 crore. As of March 2024, LIC owns a 3.33 per cent stake in the company and has an order book worth Rs 34,800 crore as of March 31, 2024. On May 30, 2024, the promoters of the company sold 24,00,00,000 shares or 3.97 per cent via the open market on BSE and NSE. The stock gave multibagger returns of 144.5 per cent from its 52-week low of Rs 25.61 per share and a whopping 560 per cent in 5 years. Investors should keep an eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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