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IRB Infrastructure Q2 Net drops 5 pc at Rs 142 cr

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Press Trust of India New Delhi
Last Updated : Nov 22 2016 | 4:57 PM IST
IRB Infrastructure Developers Ltd today posted a five per cent decline in consolidated net profit at Rs 142.1 crore for the quarter ended September 30, 2016.
The company had posted a net profit after tax and minority interest of Rs 149.6 crore in the corresponding quarter of the previous fiscal, IRB Infrastructure Developers said in a BSE filing.
Total income increased to Rs 1,324.21 crore for the quarter under review against Rs 1,179.4 crore in the year-ago period.
The company undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
IRB Infrastructure, along with subsidiaries, has constructed or, operated and maintained around 9,295 lane kms of road length so far and is one of the major road developers in the country.

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First Published: Nov 22 2016 | 4:57 PM IST

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