IRB Infra Q2 net up 22% at Rs 149 cr

IRB Infrastructure Developers has reported a 22.48 per cent growth in consolidated net profit at Rs 149.11 crore for the quarter ended September 30.
The company had clocked a net profit of Rs 121.74 crore in the year-ago period, it said in a regulatory filing.
Total consolidated income of the company rose by 30 per cent to Rs 1,149.17 crore in the July-September quarter from Rs 883.17 crore in the same quarter of 2014-15.
The firm said its board has declared an interim dividend of Rs 2 per share for the financial year 2015-16.
Shares of the company, however, fell by 2.09 per cent to close at Rs 259.45 on BSE.

IRB Infrastructure said its order book stands at around Rs 9,650 crore that is to be executed in the next 3-4 years.
The firm undertakes development of various infrastructure projects in the road sector through several Special Purpose Vehicles. It along with its subsidiaries has constructed/ operated and maintained around 9,295 lane km of road length so far.
The aggregate size of all BOT projects (both completed and under execution) is around Rs 28,492.8 crore.