IRB Infrastructure on Thursday posted 51 per cent year-on-year rise in consolidated net profit at Rs 306.27 crore for June quarter FY27, supported by higher revenues.The company had logged a net profit of Rs 202.48 crore in April-June FY26.According to an exchange filing, total income rose to Rs 2,172.66 crore in the first quarter from Rs 2,164.5 crore in the same period a year ago.The company declared interim dividend of Rs 60 crore.In a statement, the company said Q1FY27 toll revenue rose 14 per cent year-on-year to Rs 733 crore.Virendra D Mhaiskar, Chairman & Managing Director, IRB Infrastructure said:"We are successfully navigating the current global economic challenges, driven by the strength of our Rs 94,000 crore asset portfolio."IRB is confidently moving towards its goal of a Rs 1,40,000 crore asset base by 2030, ensuring accelerated and long-term value for all our stakeholders, he added.
IRB Infrastructure Q1 profit zooms 51% YoY to Rs 306 crore
IRB Infrastructure has reported a remarkable 51 percent profit increase for the June quarter, bolstered by strong revenue figures. The company experienced a modest rise in total income compared to last year's performance. Additionally, they announced an interim dividend of sixty crore rupees, reaffirming their commitment to achieving asset growth goals.
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