The shares of IRB Infrastructure Developers Ltd. are trading ex-dividend today with an interim dividend of Rs 0.075 per share. In early trade, IRB Infrastructure stock was trading flat. The share rose 0.25% to Rs 27.62 against the previous close of Rs 27.55 on BSE. The stock has been up for the last three days.
The stock has risen to 27.61 on the BSE today. The IRB Infrastructure stock has seen a surge of 20.12% in one year and fallen 5.23% since the beginning of this year. The stock has also surged 353% in the past three years, bringing in multibagger returns for shareholders. The firm's total share of 1.47 lakh has changed hands, amounting to a revenue of Rs.42.19 crore. The company's market cap was 16.673 crore on BSE.
The RSI of the stock stands at 49, marking it's trading neither in the overbought nor oversold zone. The IRB Infrastructure shares have a beta of 1.4, which indicates very high volatility in a year. IRB Infrastructure shares are trading higher than the 5-day, 50-day and 200-day moving averages but lower than 20-day and 100-day moving averages.
Mumbai-based firm announced an interim dividend of Rs 0.075 per equity share of face value of Rs 1 each for the period 2022 - 23. The firm engaged in the development of highways infrastructure set the record date for dividend payment on May 29, 2023.
In March 2023, the firm reported a 13% increase in revenue, to Rs 1617 crore in March 2022 compared to Rs 1433 crore in March 2022. In Q4, net profit fell 25.42% to Rs130.15 crore from Rs 174.50 crore in March 2022. EBITDA rose 182.6 percent to Rs 758.73 crore in Q4 compared to Rs 641.59 crore in the March quarter of 2022.
On an annual basis, net profit zoomed 99% to Rs 720 crore for the fiscal end March 2023, against Rs 361.40 crore for the fiscal end March 2022. The net profit for the fiscal year ended 2021 was Rs 117.15 crore.
The revenue rose 10.30% to Rs 6401 crore in the March 2023 fiscal, up from Rs 5803 crore for the fiscal ended March 2022. For the fiscal end of 2021, sales were at Rs 5298.63 crore, up from Rs 58.63 lakh for the fiscal end of 2021.
IRB Infrastructure Developers is an infrastructure development company. The company is working to build highways and roadways. It is involved in EPC, engineering, procurement and construction, and operations and maintenance across all its businesses.