IRB Infrastructure Developers today posted a 38 per cent increase in net profit for the quarter ended September at Rs 102 crore, as compared to Rs 74 crore in the same quarter last year. Its total income went up by 37 per cent increased to Rs 499 crore from Rs 363 crore in the corresponding quarter last year.
"We have submitted request for qualification for projects size aggregating to Rs 26,500 crore. Financial bids for these projects are expected in next six months. We have geared up execution on our projects which have already achieved financial closure. The effect of this will be felt in coming quarters. The present order book gives us a clear revenue visibility for the next 36 months," said Virendra D Mhaiskar, Chairman & Managing Director of IRB