IRB Infra Q2 net surges to Rs 121 cr

Our Bureau Mumbai | Updated on October 31, 2012 Published on October 30, 2012

Toll road builder, IRB Infrastructure Developers, has posted at 10 per cent rise in net profit at Rs 121 crore (Rs 110crore) for the quarter-ended September 30, 2012.

Total income was up 15 per cent at Rs 878 crore from Rs 766 crore.

The company has declared a second interim dividend of Rs 1 per share.

For Q2 FY13, total expenses were higher at Rs 575 crore (Rs 477 crore).  Construction and site expenses rose to Rs 305 crore as against Rs 246 crore logged in the same period last year. Depreciation and amortisation expenses were also higher Rs 111crore (Rs 63 crore).

On Tuesday, the company scrip closed four per cent higher at Rs 119.85, on BSE.

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Published on October 30, 2012
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