Profit

IRB Infra Q4 Net Down 28 Per Cent at Rs 109 Crore

 Share
EMAIL
PRINT
COMMENTS
New Delhi: 

IRB Infrastructure Developers Ltd on Thursday reported a 27.7 per cent drop in consolidated net profit at Rs 109.23 crore for the fourth quarter that ended on March 31, 2014, due to lesser income from operations and higher finance cost.

The company had posted a net profit of Rs 151.13 crore for the corresponding quarter a year ago, it said in a filing to the BSE.

The income from operations also came down to Rs 882.87 crore in the quarter under review from Rs 948.27 crore a year ago, it said.

"During the quarter, the group has paid/accrued Rs 17,833.95 lakh (Rs 178.33 crore)... as revenue share/premium to National Highways Authority of India (NHAI)... income from operations is net of revenue share/premium to NHAI of Rs 12,713.94 lakh (Rs 127.13 crore) ... and balance Rs 5,120.01 lakh (Rs 51.2 crore)... is capitalised to toll collection rights under development," the company said.

Finance cost during the quarter rose to Rs 209.85 crore from Rs 162.19 crore in the year-ago period.

During the quarter, the company promoted and incorporated a new subsidiary - Solarpur Yedeshi Tollway Pvt Ltd, it said.

IRB's order book stood at around Rs 12,000 crore, out of which orders worth Rs 10,000 crore will be executed in the next three to four year.



Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top