IRB Infra posts Rs 30-crore loss in June quarter

IRB Infrastructure Developers on Monday posted a net loss of Rs 30 crore in the June quarter versus a net profit ofRs 207 crore in the corresponding quarter last year, as toll collections remained impacted due to the Covid-19-led disruptions.

The company reported revenue from operations of Rs 1,022 crore, which came in lower by 42% on a year-on-year basis. The company’s Ebitda declined nearly 42% y-o-y to Rs 529 crore.