IRB Infrastructure net profit dips 17 pc to Rs 207 cr in June quarter

IRB Infrastructure Developers on Tuesday reported a 17.38 per cent decline in its consolidated net profit to Rs 206.62 crore during the quarter ended June 30. The highways developer had clocked a consolidated net profit of Rs 250.09 crore in the corresponding quarter of 2017-18, it said in a regulatory filing to the BSE.

The company's total consolidated income rose to Rs 1,821.12 crore, compared with Rs 1,583.24 crore in the year-ago period. Its total expenses rose to Rs 1,433.95 crore during the quarter, from Rs 1,173.45 crore in the corresponding quarter a year ago.