IRB Infrastructure reports 12% rise in Q1 consolidated net profit

31 Jul 2014

IRB Infrastructure Developers has reported results for first quarter ended June 30, 2014.

The company’s net profit has rose 12.40% at Rs 29.92 crore as compared to Rs 26.62 crore for the quarter ended June 30, 2013. However, its total income decreased by 11.31% to Rs 612.96 crore for the quarter under review from Rs 691.13 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 11.77% rise in its net profit at Rs 150.40 crore for the quarter as compared to Rs 134.56 crore for the same quarter in the previous year. However, total income has decreased marginally by 2.37% at Rs 1036.71 crore for quarter under review as compared to Rs 1061.93 crore for the quarter ended June 30, 2013.

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