Net Profit up 6%; Total Income up 37% against Q3FY18
Mumbai, February 05, 2019: IRB Infrastructure Developers Ltd. (IRB Infra) has posted Net Profit of Rs. 219 Crs for the 3rd Quarter ended 31st December 2018; thus registering growth of 6% as against the corresponding quarter of FY18.
The Company has also posted Total Income of Rs. 1,835 Crs for Q3FY19, as against the Total Income of Rs. 1,342 Crs in Q3FY18; thus registering a growth of 37%.
IRB Infra announced its unaudited financial results for Q3FY19 at the Board Meeting held in Mumbai today.
The highlights of Financial Performance are:
Q3 FY19 v/s. Q3 FY18:
(In Crs. Rs.)
In Crs. Rs.)
9M FY19 v/s. 9M FY18
# Total Income for 9M FY19 is impacted due to 8 days of transporters strike.
* Excluding extraordinary items of Rs. 127 crores for 9M FY18.
While commenting on the occasion, Mr. Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers Ltd. said, “We are happy to report growth for yet another quarter aided by a slight pick-up in traffic and continued execution of Projects on hand. We achieved Financial Closure for our Gujarat project during the quarter and will start construction shortly. Q4FY19 is expected to be even stronger with continued traffic momentum and as we near completion for some of our projects”
The highlights of quarterly performance are:
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