IRB Infrastructure Q1 consolidated net up at Rs 150 cr

IRB Infrastructure Developers Ltd today reported a 11.77 per cent rise in consolidated net profit at Rs 150.39 crore for the quarter ended June 30 on the back of lower costs.
The company's net profit in the corresponding quarter of the last fiscal was Rs 134.56 crore, IRB Infrastructure said in a filing to BSE.
However, the company's income from operations in the April-June quarter declined to Rs 1,010 crore, over Rs 1,032 crore in the same quarter of FY'14, it said.
The total expenses came down to Rs 623.79 crore, over Rs 699.37 crore in the first quarter of the previous fiscal, it said.

The tax expenses declined by 27.01 per cent to Rs 45.58 crore, over Rs 62.45 crore in the corresponding quarter of FY'14.
Shares of the company closed at Rs 238.85 apiece on BSE, up 1.31 per cent from the previous close.