Result: IRB Infra posts 37% drop in Q4 profit at Rs 97.45 crore
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IRB Infrastructure Developers Ltd on Thursday reported a 36.84 per cent decline in its consolidated net profit to Rs 97.45 crore for the fourth quarter ended March 2021.
The company had clocked a Rs 154.32 crore net profit during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing.
Its total income during the January-March 2021 quarter rose to Rs 1,650.40 crore from Rs 1,634.80 crore in the year-ago period.
The firm s expenses stood at Rs 1,474.27 crore, as compared to Rs 1,445.29 crore a year ago.
The company in a statement said that it became the first toll road and highways developer to tap offshore bond markets and raised 2,185 crore.
Read more about IRB Infra posts 37% drop in fourth quarter profit at Rs 97.45 crore on Business Standard. The firm s expenses stood at Rs 1,474.27 crore, as compared to Rs 1,445.29 crore a year ago.
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.
IRB Infra Net Profit Declines 56% To Rs 69 Crore In December Quarter moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.