• H1 PAT at Rs. 95.38 cr is 75% of FY08 PAT
MUMBAI: IRB Infrastructure Developers Limited one of the largest toll road operating companies in India has declared unaudited consolidated Q2 profit of Rs. 41.21 crores on consolidated Income of Rs. 201.61 crores.
The consolidated half-yearly profit stands at Rs.95.38 crores on half-yearly consolidated total Income of Rs. 431.68 crores.
As IRB was listed in February 2008, a year-on-year comparison of financials is not possible. However, a comparison with 2008 annual results shows that IRB’s PAT for the half year at Rs. 95.38 crores has already crossed the half-way watermark of last year’s annual PAT which was Rs.126.57 crores.
Announcing the results, Mr. V. D. Mhaiskar, Chairman & Managing Director of IRB infrastructure Developers Ltd. said, “Our vertically integrated operations (construction to tolling) and focused expertise in the road sector is sure to translate into higher returns in the coming quarters as well.”
IRB Surat-Dahisar Tollway Private Limited, subsidiary of IRB Infr,a has progressed well to achieve financial closure for Surat Dahisar project in near future. Due to turmoil in financial market, financial closure is likely to take some more delay. However, company is confident in achieving the same at an early date.
IRB Infrastructure Developers Ltd. is an integrated infrastructure development and construction company in India with significant experience in the roads and highways sector. The Company is one of the largest private developers in western India and the largest toll road operating company in India. It is an established infrastructure company in the roads sector and has a large portfolio of completed and operational BOT projects in the roads infrastructure sector.
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