IRB Infra Q4 net profit rises 27% to Rs 138 crore

IRB Infrastructure Developers Ltd (IRB) today reported 26.53 per cent jump in its consolidated net profit at Rs 138.21 crore for the quarter ended March 31, 2015 on higher income.
The company had reported a net profit of Rs 109.23 crore in the corresponding quarter of 2013-14 fiscal, it said in a statement.
Its total income from operations during the quarter rose by 12.18 per cent to Rs 990.44 crore as against Rs 882.87 crore in the same quarter of 2013-14.
Total expenses of the company declined to Rs 591.81 crore from Rs 560.15 crore in the same quarter of 2013-14 fiscal.

For the full year, the company reported 18.24 per cent jump in its net profit at Rs 542.90 crore as against Rs 459.12 crore in 2013-14 fiscal.
Meanwhile, IRB said it had recently bagged Rs 2,650 crore Agra-Etawah bypass project from National Highways Authority of India (NHAI).

"Subject to award of this project, IRB's order book now stands at approximately Rs 12,700 crore out of which Rs 10,800 crore worth of order book is to be executed in the next three to four years," it said, adding that this order book gives IRB good visibility for the next three years.

IRB is one of the largest private developers in India with 23 build, operate and transfers (BOT) road projects out of which 17 projects are under operation.
The company's shares today closed 0.14 per cent up at Rs 246.75 apiece on the BSE.