IRB Infra posts 37% drop in fourth quarter profit at Rs 97.45 crore
IRB Infrastructure Developers Ltd on Thursday reported a 36.84 per cent decline in its consolidated net profit to Rs 97.45 crore for the fourth quarter ended March 2021.
The company had clocked a Rs 154.32 crore net profit during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing.
Its total income during the January-March 2021 quarter rose to Rs 1,650.40 crore from Rs 1,634.80 crore in the year-ago period.
The firm’s expenses stood at Rs 1,474.27 crore, as compared to Rs 1,445.29 crore a year ago.
The company in a statement said that it became the first toll road and highways developer to tap offshore bond markets and raised 2,185 crore.
