IRB Infrastructure Developers reports over two-fold rise in Q1 net

IRB Infrastructure Developers has reported results for first quarter ended June 30, 2012.

On standalone basis, the company has posted a rise of 109.54% in its net profit at Rs 37.32 crore for the quarter ended June 30, 2012 as compared to Rs 17.81 crore for the same quarter in the previous year. Total income has increased by 222.17% at Rs 643.51 crore for quarter under review as compared to Rs 199.74 crore for the quarter ended June 30, 2011.

On consolidated basis, the company has posted a rise of 5.70% in its net profit at Rs 141.84 crore for the quarter ended June 30, 2012 as compared to Rs 134.18 crore for the same quarter in the previous year. Total income has increased by 22.02% at Rs 1012.25 crore for quarter under review as compared to Rs 829.54 crore for the quarter ended June 30, 2011.