{"id":297757,"date":"2019-10-24T11:29:09","date_gmt":"2019-10-24T05:59:09","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=297757"},"modified":"2019-10-24T11:44:20","modified_gmt":"2019-10-24T06:14:20","slug":"irb-infrastructure-reports-16-rise-in-net-profit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/irb-infrastructure-reports-16-rise-in-net-profit\/","title":{"rendered":"IRB Infrastructure reports 16% rise in net profit"},"content":{"rendered":"<p>IRB Infrastructure has reported a 16 per cent increase in its net profits, led by a rise in road construction and toll revenue collection income. <\/p>\n<p>In the September ended quarter, profits were at \u20b9200 crore, when compared to \u20b9173 crore in the same period last year. <\/p>\n<p>Revenues came in at \u20b91801 crore, a 21 per cent increase when compared to \u20b91,485 crore it posted in the year-ago period. <\/p>\n<p>Virendra D. Mhaiskar, Chairman &amp; Managing Director, IRB Infrastructure Developers said: \u201cOur integrated business model and growth in Engineering Procurement Construction (EPC) vertical has helped us continue our growth, even though heavy monsoon impacted toll collections which created operational difficulties during the quarter.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IRB Infrastructure has reported a 16 per cent increase in its net profits, led by a rise in road construction and toll revenue collection income. In the September ended quarter, profits were at \u20b9200 crore, when compared to \u20b9173 crore in the same period last year. Revenues came in at \u20b91801 crore, a 21 per cent increase when compared to \u20b91,485 crore it posted in the year-ago period. Virendra D. Mhaiskar, Chairman &amp; Managing Director, IRB Infrastructure Developers said: \u201cOur integrated business model and growth in Engineering Procurement Construction (EPC) vertical has helped us continue our growth, even though heavy [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-297757","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=297757"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297757\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=297757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=297757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=297757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}