IRB Infrastructure Developers Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 4175.23 Crore) operating in Infrastructure sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 1547.16 Crore, up 37.73 % from last quarter Sales of Rs 1123.32 Crore and down -11.22 % from last year same quarter Sales of Rs 1742.64 Crore. Company reported net profit after tax of Rs 69.48 Crore in latest quarter.
Investment Rationale
Any favorable outcome from the Ahmedabad-Vadodara Expressway arbitration may pose an upside risk to the TP.
Promoter/FII Holdings
Promoters held 58.6 per cent stake in the company as of Dec 30, 2020, while FIIs held 16.3 per cent, DIIs 11.4 per cent and public and others 13.7 per cent.
