Profit

IRB Infra Q4 Net Rises 27% to Rs 138 Crore

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New Delhi: IRB Infrastructure Developers Ltd (IRB) on Friday reported a 26.53 per cent jump in consolidated net profit at Rs 138.21 crore for the quarter ended March, 2015 on higher income.

The company had reported a net profit of Rs 109.23 crore for the corresponding quarter a year ago, it said in a statement.

Total income from operations during the quarter rose 12.18 per cent to Rs 990.44 crore from Rs 882.87 crore a year ago.

Total expenses of the company declined to Rs 591.81 crore from Rs 560.15 crore in the year-ago period.

For the full year, the company reported an 18.24 per cent jump in net profit at Rs 542.90 crore as against Rs 459.12 crore in fiscal year 2013-14.

Meanwhile, IRB said it had recently bagged a Rs 2,650 crore Agra-Etawah bypass project from the National Highways Authority of India (NHAI).

"Subject to award of this project, IRB's order book now stands at approximately Rs 12,700 crore out of which Rs 10,800 crore worth of order book is to be executed in the next three to four years," it said.

The company also said this order book gives it good visibility for the next three years.

IRB is one of the largest private developers in India with 23 BOT (build-operate-transfer) road projects, out of which, 17 projects are under operation.

Shares in IRB Infrastructure, on Friday, ended 0.14 per cent higher at Rs 246.75 apiece on the BSE.


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