IRB Infra Q4 net down 28% to Rs 109 crore

IRB Infrastructure Developers Ltd today reported 27.7 per cent drop in consolidated net profit at Rs 109.23 crore for the quarter ended March 31 due to lesser income from operations and higher finance cost.

The company's net profit in the corresponding quarter of the year-ago period was Rs 151.13 crore, the company said in a filing to BSE.

The income from operations also came down to Rs 882.87 crore from Rs 948.27 crore in the corresponding quarter, it said.

"During the quarter, the group has paid/accrued Rs 17,833.95 lakh (Rs 178.33 crore)... As revenue share/premium to National Highways Authority of India (NHAI)... Income from operations is net of revenue share/premium to NHAI of Rs 12,713.94 lakh (Rs 127.13 crore) ... And balance Rs 5,120.01 lakh (Rs 51.2 crore)... Is capitalised to toll collection rights under development," the company said.

The finance cost during the quarter went up to Rs 209.85 crore, from Rs 162.19 crore in the year-ago period.

During the quarter, the company promoted and incorporated a new subsidiary Solarpur Yedeshi Tollway Pvt Ltd, it said.

IRB's order book stands at around Rs 12,000 crore, out of which orders worth Rs 10,000 crore will be executed in the next three to four year, it added.


  • With IT firms pursuing independent business models, Infosys is no longer a bellwether

    The earnings season kicked off on Monday with technology major Infosys announcing its second quarter results that were more or less on expected lines


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Taslima Nasreen

Saudi Arabia will never be shamed

The health minister of Saudi Arabia Khalid Al-Falih has purportedlysaid ...

Kuruvilla Pandikattu

Our mood effects our walking style

Our mood can affect how we walk. We walk lazy ...

Dharmendra Khandal

Use technology wisely to save earth's treasures

Wildlife biologists are certainly getting inspired by our armed forces’ ...


William D. Green

Chairman & CEO, Accenture