{"id":297789,"date":"2019-10-24T12:19:42","date_gmt":"2019-10-24T06:49:42","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=297789"},"modified":"2019-10-24T12:19:42","modified_gmt":"2019-10-24T06:49:42","slug":"gic-deal-to-boost-2019-20-bottom-line-by-rs-300-crore-irb","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gic-deal-to-boost-2019-20-bottom-line-by-rs-300-crore-irb\/","title":{"rendered":"GIC deal to boost 2019-20 bottom line by Rs 300 crore: IRB"},"content":{"rendered":"<p>IRB Infrastructure Developers reported an increase of 15.7% year-on-year in its consolidated net profit at Rs 200.18 crore for the quarter ended September 30, 2019, boosted by a rise in construction segment revenue. Total income of the infrastructure company rose 21% y-o-y to Rs 1,801.07 crore.<\/p>\n<p>However, the company\u2019s revenues from build-operate-transfer (BOT) fell 16% y-o-y to Rs 415.75 crore during the quarter. Anil Yadav, CFO, IRB Infrastructure, said that the fall was on account of the expiry of the concession agreement for the Mumbai-Pune Expressway between the company and the National Highway Authority of India (NHAI) in August.  \u201cThe Mumbai-Pune Expressway was in our portfolio for only 14 days this quarter, which has led to the dip in the BOT revenue,\u201d Yadav said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IRB Infrastructure Developers reported an increase of 15.7% year-on-year in its consolidated net profit at Rs 200.18 crore for the quarter ended September 30, 2019, boosted by a rise in construction segment revenue. Total income of the infrastructure company rose 21% y-o-y to Rs 1,801.07 crore. However, the company\u2019s revenues from build-operate-transfer (BOT) fell 16% y-o-y to Rs 415.75 crore during the quarter. Anil Yadav, CFO, IRB Infrastructure, said that the fall was on account of the expiry of the concession agreement for the Mumbai-Pune Expressway between the company and the National Highway Authority of India (NHAI) in August. \u201cThe [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,197,138],"tags":[],"class_list":["post-297789","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297789","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=297789"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297789\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=297789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=297789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=297789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}