IRB Infra Q3 net up 28% to Rs 169.60 cr

IRB Infrastructure Developers today reported 27.95 per cent rise in consolidated net profit at Rs 169.60 crore for the quarter ended December 31 on the back of higher income from operations.
The infrastructure firm had reported a net profit of Rs 132.55 crore in the year-ago period.
Income from operations rose 38.33 per cent to Rs 1,333.32 crore from Rs 963.82 crore in October-December period of the previous fiscal.
Total expenses in the quarter increased to Rs 871.89 crore from Rs 587.30 crore in the year-ago period.
The company undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.

The company's order book now stands at about Rs 15,500 crore. "This gives good revenue visibility to IRB in the coming years," it said.
IRB is one of the largest private developers in India with 20 road BOT (build, operate, transfer) projects out of which 13 are under operation.
Shares of the company were trading at Rs 244.10 per scrip, up 4.01 per cent from the previous close on BSE.