IRB Infrastructure Developers rose 3.69% to Rs 243.35 at 14:52 IST on BSE after consolidated net profit rose 27.95% to Rs 169.60 crore on 37.44% increase in total income to Rs 1364.81 crore in Q3 December 2015 over Q3 December 2014.
The result was announced during trading hours today, 29 January 2016.Meanwhile, the BSE Sensex was up 345.27 points, or 1.41%, to 24,814.84.
On BSE, so far 4.02 lakh shares were traded in the counter, compared with an average volume of 2.11 lakh shares in the past one quarter. The stock hit a high of Rs 248.15 and a low of Rs 233.60 so far during the day. The stock hit a 52-week high of Rs 275.50 on 30 January 2015. The stock hit a 52-week low of Rs 197.20 on 25 August 2015. The stock had outperformed the market over the past one month till 28 January 2016, falling 4.71% compared with 6.01% decline in the Sensex. The scrip had also outperformed the market in past one quarter, sliding 6.27% as against Sensex's 9.51% fall.
The mid-cap company has an equity capital of Rs 351.45 crore. Face value per share is Rs 10.
IRB Infrastructure Developers' earnings before interest, taxes, depreciation and amortization (EBITDA) rose 23% to Rs 718 crore in Q3 December 2015 over Q3 December 2014.
IRB is an integrated infrastructure development arid construction company in India with significant experience in the toll roads and highways sector. IRB is one of the largest private developers in India with 20 road build-operate-transfer (BOT) projects out of which 13 Projects are under operation.
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