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IRB Infrastructure Developers' net surged by 26% to Rs 138.21 crore for the quarter ended March 31 compared to Rs 109.23 crore for the corresponding period last year.
Company's income from operations has increased to Rs 990.44 crore against Rs 882.87 crore,a rise of 12%. Analysts had estimated a 18.7% rise in the company's net.
The company's total expenses have surged to Rs 591.81 crore against Rs 560.15 crore. The increase in contract and site expenses at Rs 238.78 crore against Rs 186.30 crore has contributed to rise in company's expenses.
However, revenue from the road infrastructure projects had increased to Rs 989.15 crore against Rs 881.17 crore while income has surged to Rs 400 crore against Rs 377 crore.
The company has declared second interim dividend of Rs 2 per equity share of face value of Rs 10 each, for the financial year 2014-15.
IRB recently bagged Rs. 2,650 crore Agra-Etawah Bypass project from NHAI. Subject to award of this project, IRB’s Order book now stands at approximately Rs. 12,700 crores out of which Rs. 10,800 crore worth of order book is to be executed in the next three to four years.
The company expects this order book to give it a good visibility for the next three years. The share of company at BSE was closed at Rs 246.75, a rise of 0.14%.
Company's income from operations has increased to Rs 990.44 crore against Rs 882.87 crore,a rise of 12%. Analysts had estimated a 18.7% rise in the company's net.
The company's total expenses have surged to Rs 591.81 crore against Rs 560.15 crore. The increase in contract and site expenses at Rs 238.78 crore against Rs 186.30 crore has contributed to rise in company's expenses.
However, revenue from the road infrastructure projects had increased to Rs 989.15 crore against Rs 881.17 crore while income has surged to Rs 400 crore against Rs 377 crore.
The company has declared second interim dividend of Rs 2 per equity share of face value of Rs 10 each, for the financial year 2014-15.
IRB recently bagged Rs. 2,650 crore Agra-Etawah Bypass project from NHAI. Subject to award of this project, IRB’s Order book now stands at approximately Rs. 12,700 crores out of which Rs. 10,800 crore worth of order book is to be executed in the next three to four years.
The company expects this order book to give it a good visibility for the next three years. The share of company at BSE was closed at Rs 246.75, a rise of 0.14%.
