IRB Infra Q3 PAT down 27 pc at Rs 160 cr

IRB Infrastructure Developers on Friday reported a 27 per cent decline in consolidated profit after tax (PAT) at Rs 159.73 crore for the quarter ended December 2019.

The infrastructure company had clocked a consolidated PAT of Rs 218.90 crore for the corresponding period a year-ago, it said in a regulatory filing to the BSE.

Total income for the quarter declined to Rs 1,790.17 crore as against Rs 1,835.02 crore in the year-ago period.

Total expenses increased to Rs 1,534.36 crore, from Rs 1,446.82 crore earlier.

The company's Chairman and Managing Director Virendra D Mhaiskar said, "Our execution pace continues to be strong and the quarter marked a return of traffic growth - presumably led by slight pick-up in economic activity across India. With Goa Kundapur project getting commissioned, all of our projects are now revenue generating."