IRB Infrastructure Developers Ltd on Monday reported a 56 per cent decline in its consolidated net profit to Rs 69.48 crore for the quarter ended December 31, 2020.
The company had clocked a Rs 159.73-crore net profit during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing.
Its total income during October-December 2020 fell to Rs 1,594.80 crore, from Rs 1,790.17 crore in the year-ago period.
The firm's expenses stood at Rs 1,459.32 crore, lower as compared with Rs 1,534.36 crore a year ago.
In a statement, the company said, "It has bounced back to post the net profit of Rs 69 crore in the third quarter of 2020-21, leaving behind the adverse impact of the COVID-19 pandemic on operations in initial quarters of 2020-21."