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IRB Infra Shares Surge 7% on Toll Income Growth

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IRB Infrastructure Developers Ltd jumps 6.9 per cent as its April-June toll revenue beat market estimates, traders say.

Toll income for the quarter rose by 22.2 per cent to Rs 487 crores, a separate presentation on IRB's website showed.

Separately, IRB Infrastructure reported June-quarter consolidated net profit rose by about 11 per cent to Rs150 crore from a year earlier.

As of 12.10 p.m. IRB Infra shares traded 6.64 per cent higher at Rs 254.75 on Bombay Stock Exchange.

Copyright: Thomson Reuters 2014



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