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IRB Infrastructure Developers reports 16% rise in Q4 consolidated net profit

03 May 2018 Evaluate

IRB Infrastructure Developers has reported results for fourth quarter and year ended March 31, 2018.   

The company has reported a fall of 24.22% in its net profit after tax at Rs 127.87 crore for the quarter ended March 31, 2018 as compared to Rs 168.74 crore for the same quarter in the previous year. Total income of the company has decreased by 25.51% at Rs 830.07 crore for quarter under review as compared to Rs 1114.40 crore for the quarter ended March 31, 2017.

On consolidated basis, the company has reported a rise of 15.70% in its net profit at Rs 239.78 crore for the quarter ended March 31, 2018 as compared to Rs 207.23 crore for the corresponding quarter in the FY17. However, total income of the company fell 13.52% at Rs 1,432.11 crore for quarter under review as compared to Rs 1,656.06 crore for the same quarter ended previous year. 

For the year ended March 31, 2018, the company has posted over two-fold rise in its net profit after tax at Rs 444.10 crore as compared to Rs 203.24 crore for the same period in the previous year. However, total income of the company decreased 8.54% at Rs 3,325.42 crore for year under review as compared to Rs 3,635.95 crore for the period ended March 31, 2017.

For the year ended March 31, 2018, on the consolidated basis, the company has posted rise of 28.54% in its net profit at Rs 919.66 crore as compared to Rs 715.47 crore for the same period in the previous year. However, total income of the company has decreased marginally by 1.78% at Rs 5,862.77 crore for year under review as compared to Rs 5,969.11 crore for the period ended March 31, 2017.

IRB Infra.&Developer Share Price

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