IRB Infrastructure Developer Ltd: Q3FY17 results

Bhagyashree Vivarekar / 25 Jan 2017

IRB Infrastructure Developer Ltd: Q3FY17 results

The company reported PAT of Rs 184.22 crore, which represents a sequential QoQ increase of 29.57 per cent and a YoY increase of 9.72 per cent.

IRB Infrastructure Developers Ltd. reported its results for the quarter ended December 31, 2016 during market hours today. 

The total sales for Q3FY17 came in at Rs 1410.89 crore, which represents a 9.32 per cent sequential increase and 5.82 per cent YoY increase.

The operating profit (EBIT) for the recently concluded quarter amounted to Rs. 563.22 crore and the EBIT margin stood at 39.92 per cent.

The company reported PAT of Rs 184.22 crore, which represents a sequential QoQ increase of 29.57 per cent and a YoY increase of 9.72 per cent.

The company has declared interim dividend of Rs 2 per equity share of face value of Rs 10 each.

The company's stock opened for trading at Rs 218.75 on the BSE and rose 6.4 per cent to reach day's high of Rs 232 and closed for the day at  Rs 228.20.

IRB Infrastructure Developers Ltd is an Indian company engaged in infrastructure development and construction, with experience in road and highway sector. The company undertakes development of various infrastructure projects in the road sector through several Special Purpose Vehicles. They have also diversified their business into real estate sector.

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