IRB Infrastructure Q4 net profit dips 13 pc to Rs 208 cr

IRB Infrastructure Developers Tuesday reported a 13.24 per cent decline in consolidated net profit to Rs 208.01 crore during the quarter ended March 31, 2019.

The highways developer had clocked a consolidated net profit of Rs 239.77 crore in the corresponding quarter of 2017-18, it said in a regulatory filing to the BSE.

Total consolidated income for January-March quarter rose to Rs 1,998.91 crore from Rs 1,432.10 crore in the year-ago period.

Total expenses rose to Rs 1,637.71 crore during the quarter under review from Rs 1,047.62 crore in the corresponding quarter a year-ago.

For the entire year, the company posted a consolidated net profit of Rs 849.96 crore as against Rs 919.65 crore in the previous fiscal.

"It was yet another remarkable year as we clocked 18 per cent revenue growth, even with transfer of seven operating assets to IRB InvIT last year, and a successful completion of Pune-Solapur concession this year," IRB Infrastructure Chairman and Managing Director Virendra D ...