IRB Infrastructure’s consolidated Q4 net profit dips 28%

20 May 2011

IRB Infrastructure Developers has reported results for the quarter & year ended March 31, 2011:

The company’s net profit for the quarter ended March 31, 2011 has surged by 53.25% at Rs 71.66 crore as compared to Rs 46.76 crore for the quarter ended March 31, 2010. Its total income for the quarter under review has zoomed by 313.20% at Rs 220.73 crore as compared to Rs 53.42 crore for the corresponding quarter of the previous year.

For the year ended March 31, 2011, the company’s net profit has recorded growth of 61.46% at Rs 90.16 crore as compared to Rs 55.84 crore for the year ended March 31, 2010. Its total income has increased from Rs 352.99 crore for the year ended March 31, 2010 to Rs 76.69 crore for the year ended March 31, 2011, expanded by 360.28%.

On consolidated basis, the group’s net profit from ordinary activities after tax and minority interest for the quarter ended March 31, 2011 has declined 27.50% at Rs 102.76 crore as compared to Rs 141.74 crore for the quarter ended March 31, 2010. Total income for the quarter has increased by 53.94% at Rs 789.86 crore as compared to Rs 513.11 crore for the corresponding previous quarter.

The Group’s net profit from ordinary activities after tax and minority interest has grown by 17.38% at Rs 452.38 crore for the year ended March 31, 2011 as compared to Rs 385.41 crore for the year ended March 31, 2010. Its total income has clocked in growth of 42.70% at Rs 2502.60 crore for the year under review from Rs 1753.81 crore for the previous year.

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