IRB Infrastructure Developers Q2 profit rises 4% to Rs 100 crore

IRB Infrastructure Developers connected Wednesday reported 4 per cent emergence successful consolidated nett net astatine Rs 99.86 crore for September 4th FY25.

The institution had clocked a nett net of Rs 95.74 crore successful the year-ago period, it said successful a regulatory filing. Total income during the 2nd 4th of the existent fiscal declined to Rs 1,751.16 crore from Rs 1,874.50 crore a twelvemonth ago.

The institution said its toll postulation successful Q2FY25 roseate 25 per cent (including projects nether Private InvIT).

"The Q2FY25 looks fine, specifically connected the toll postulation front, which has shown accordant robust year-on-year growth, contempt interaction of dense monsoon resulting into postulation disruptions successful immoderate of the assets." 

"We expect improved show successful the remaining quarters successful presumption of the exit of monsoon season, coupled with set-in festive play and the gait consolidation successful the improvement of nether operation projects station monsoon season," IRB Infrastructure Developers Chairman & Managing Director Virendra D Mhaiskar said.

IRB Infrastructure Developers has an plus basal of Rs 80,000 crore successful 12 states crossed the genitor institution and 2 InvITs.