IRB Infrastructure today reported a 45.45 per cent jump in consolidated net profit for the quarter ended December 31, 2010 to Rs 133 crore.
The company had reported Rs 91.44 crore net profit during the same quarter last fiscal, it said in a communique to the Bombay Stock Exchange (BSE).
IRB Infrastructure's income from operations also rose to Rs 668.80 crore vis-a-vis Rs 433.07 crore during the same quarter last fiscal.
"The results reflect increased momentum in construction activities on ongoing projects. We are well-hedged at this point from increase in input cost since escalation has been factored for and we are quite confident of retaining margins going forward," company Chairman & Managing Director Virendra Mhaiskar said.
The scrip of the company closed at Rs 213.60 per share on the BSE today, down by 3.46 per cent from the previous closing.