IRB Infra logs Rs 42 cr profit in Jul-Sept, raises Rs 5,347 cr from 2 funds
IRB Infrastructure Developers on Tuesday reported a consolidated net profit of Rs 42 crore for the second quarter ended on September 30.
The company had posted a consolidated loss of Rs 20 crore in the corresponding quarter of the previous fiscal, it said in a statement.
Total income during the quarter under review increased to Rs 1,504 crore from Rs 1,169 crore in the year-ago period.
The company also announced raising a total of Rs 5,347 crore through preferential issue of equity shares to Cintra INR Investments BV and GIC Singapore’s sovereign wealth fund.
The company said toll collections have witnessed pre-COVID-19 levels across almost all BOT assets, with a meaningful pick-up in economic activity across the country.
