Shares of IRB Infrastructure Developer advanced up to 4.2 per cent to quote at Rs 130 on the BSE on Tuesday after brokerages maintained their ‘Buy’ call on the stock post its June quarter result announcement. At 1:35 pm, the stock was up around a per cent at Rs 126 per share, as against 0.21 per cent rise in the benchmark S&P BSE Sensex.
The highway developer on Monday reported a consolidated net loss of Rs 30.13 crore for the quarter ended June, as against a consolidated profit of Rs 206.62 crore in the corresponding quarter of previous fiscal. Moreover, its profit before tax (PBT) tanked 99.2 per cent YoY to Rs 2.95 crore during the quarter under review as against Rs 387.17 crore in the year-ago period.
