IRB Infra Q2 beats street; cons net up 11% YoY at Rs 110 cr

IRB Infrastructure Developers' consolidated net profit for the second quarter rose better-than-expected 11% from a year ago to Rs 110 crore.

November 10, 2011 / 15:54 IST

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Moneycontrol Bureau

IRB Infrastructure Developers' consolidated net profit for the second quarter rose better-than-expected 11% from a year ago to Rs 110 crore.

The road developer's income from operations increased 50% year-on-year to Rs 735.9 crore in July-September, IRB said on Thursday.

Analysts on average had expected IRB's net profit at Rs 102 crore on revenue of Rs 690 crore, according to a CNBC-TV18 poll.

The strong growth in revenue was partly offset by a surge in expenses. The company

first published: Nov 10, 2011 03:30 pm

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