Press Trust of India |
Mumbai
July 27, 2012
Last Updated at 20:29 IST
IRB Q1 net up 5.7% at Rs 141.84 crore
The company's current order book stands at Rs 7,785 crore, providing good visibility for the next 2-3 years
IRB Infrastructure today posted a 5.7% growth in consolidated net profit at Rs 141.84 crore for the quarter ended June 30 as compared to Rs 134.18 crore in the same period last year.
Its revenues grew by 21.9% at Rs 1,012 crore in the quarter as compared to Rs 830 crore in the corresponding period last year.
"With a continued focus on project execution, an increase in toll revenues and range-bound input prices, our construction revenue has witnessed jump of 27%, with substantial projects to near 60-70% completion," company's Chairman and Managing Director Virendra Mhaiskar said in a statement.
The company's current order book stands at Rs 7,785 crore, he said, adding, "this provides us good visibility for the next 2-3 years."
"We plan to bid for some viable projects in the future and expect interest rates to stabilise, helping towards better performance," Mhaiskar added.
