IRB Infrastructure Developers reports 10% jump in Q1 consolidated net profit

IRB Infrastructure Developers has reported results for first quarter ended June 30, 2016.

The company has registered 69.50 % fall in its net profit at Rs 26.27 crore for the quarter as compared to Rs 86.15 crore for the same quarter in the previous year. Total income of the company increased by 56.59 % at Rs 927.33 crore for quarter under review as compared to Rs 592.22 crore for the quarter ended June 30, 2015.

On the consolidated basis, the company has reported 10.41 % jump in its net profit after taxes & minority interest at Rs 181.84 crore for the quarter ended June 30, 2016 as compared to Rs 164.7 crore for the same quarter in the previous year. However, total Income of the company increased by 36.17 % to Rs 1548.09 crore for quarter under review from Rs 1136.91 crore for the quarter ended June 30, 2015.