IRB Q 1 Net Profit shoots 71.20 % to Rs 54.17 crores on quarterly basis

Company Brief

Mumbai, July 30, 2008

IRB Infrastructure Developers Ltd., one of the largest toll road operating company in India, reported a 71.20 % increase in its consolidated Net Profit at Rs 54.17 crores for the quarter ended June 30, 2008, over the earlier year on quarterly basis. PAT for the quarter was Rs. 54.17 crores as against Rs. 126.57 crores in the last fiscal showing an increase of 71.20% on a quarterly basis. The company’s total income for quarter ended June 30,2008 stands at Rs. 235.91 crores as against Rs 784.73 crores last year reflecting increase of 20.25% on a quarterly basis.

The fully diluted Earnings Per Share (EPS) for the quarter stands at Rs 1.63 as against Rs. 4.18 last year. Announcing the results, Mr. V.D. Mhaiskar, Chairman & Managing Director of IRB infrastructure Developers Ltd. said, “Steady growth, together with our strong order book position will translate into higher profit margins in the coming quarters as well.”

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