IRB Infra's Q1 net profit up 14% | business | Hindustan Times
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IRB Infra's Q1 net profit up 14%

IRB Infrastructure, a leading road constructions company, today reported 14.19% increase in its net profit at Rs 134.19 crore for Q1.

business Updated: Jul 20, 2011 17:02 IST

IRB Infrastructure, a leading road constructions company, today reported 14.19% increase in its net profit at Rs 134.19 crore for Q1.

During the same period a year ago the company's net profit stood at Rs 117.51 crore.

During the April-June quarter, company's income from operations rose by 56.50% at Rs 801.33 crore as compared to Rs 512.02 crore reported during the same quarter of 2010-11, it said in a filing to the Bombay Stock Exchange.

The company, currently operating 11 road projects under the Built-Operate-Transfer (BOT) mode, focused on construction and development of roads during the quarter under review, the filing added.

However, commercial activities in real estate segment, where the company is trying to expand its businesses, is yet to begin, the filing further said.

Scrips of the company were being traded today at Rs 188.10 apiece on the BSE at 3:05 pm, up 1.24% from the previous close.