-
ALSO READ
IRB Infra Developers' net profit rises 4.6% to Rs 72.7 cr in Dec quarter
Private InvIT IRB Infrastructure Trust completes Rs 243 crore fundraising
NHAI pays Rs 308 cr arbitral award to IRB Infra SPV in payments dispute
Jammu- Srinagar national highway opens for one-way traffic, says official
Jammu-Srinagar national highway remains closed for traffic amid landslides
-
Highways developer IRB Infrastructure Developers Ltd on Friday reported a multi-fold increase in consolidated net profit at Rs 363.19 crore for the quarter ended June 30.
The company had clocked a consolidated net profit of Rs 71.91 crore in the corresponding period of the previous fiscal, it said in a regulatory filing.
Total consolidated income during the quarter under review rose to Rs 1,995.40 crore as against Rs 1,670.48 crore in the year-ago period.
Its expenditure declined to Rs 1,452 crore during the June quarter, compared to Rs 1,529.73 crore earlier.
IRB Infrastructure Developers, in a statement, said its board has approved sale of Vadodara Kim hybrid annuity model(HAM) project in Gujarat for Rs 342 crore.
At present, IRB Group's portfolio (including private and public InvIT) has 22 road projects.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Fri, August 05 2022. 22:29 IST
