IRB Infra share price climbs 7% - Q2 Earnings

IRB Infra share price climbs 7% as toll collections boost Q2 earnings IRB Infra share price: Strong quarterly results and positive brokerage commentary lifted shares of IRB Infrastructure Developers by nearly 7 per cent in intraday trade on Monday. The stock opened higher at ₹17.45 on the NSE and extended its gains to hit an intraday high of ₹18.49. Monday's gains marked the stock's second consecutive session of gains, taking its cumulative rise to nearly 10 per cent over the period. According to exchange data, the stock has closed higher on six occasions in the past seven trading sessions. As of 2:15 PM, IRB Infra shares were holding on to their gains to trade 5.8 per cent higher at ₹18.34. As many as 45 million shares of the roads and highways infrastructure developer changed hands. IRB Infra Q2 results For September quarter of FY27, IRB Infra reported 84.85 per cent Y-o-Y rise in consolidated net profit at ₹260.15 crore, driven by robust toll revenue and distribution from InvIT. The company had clocked a net profit of ₹141 crore in the year-ago period. Its total income during the second quarter of the current fiscal year rose to ₹18,970.8 crore from ₹17,510.16 crore a year ago, the company said in a regulatory filing. The company said that its toll revenue grew by around 15 per cent on a Y-o-Y basis. IRB All this is for information This is not a buy/sell recommendation. SEBI RA – Shubh Consultancy – Sunil Kotak – INH000015826 Thank you, Technofunda24