IRB Infrastructure Developers Ltd. reported fourth-quarter stand-alone net profit of Rs.49.55 crore, compared with Rs.101.75 crore for the quarter ended March 31, 2012, reflecting a 51 percent decline. Total income increased by two percent to Rs.569.13 crore from the Rs.560.05 crore in the corresponding quarter of the preceding year.
For the fiscal year, its stand-alone net profit rose by 13 percent to Rs.187.34 crore from the Rs.165.93 crore in 2012. Total income stood at Rs.2,218.36 crore, higher by 59 percent than the Rs.1,395.95 crore a year-ago.
Consolidated Results
On a consolidated basis, the company reported fourth-quarter net profit, after minority interest, of Rs.151.14 crore, up by 26 percent from the Rs.120.35 crore in Q4FY12. Total income rose by 11 percent to Rs.980.11 crore from the Rs.884.04 crore in the year-ago quarter.
For the fiscal year, its consolidated net profit, after minority interest, grew by 12 percent to Rs.556.67 crore from the Rs.496.00 crore in FY12. Total income stood at Rs.3,817.37 crore, compared with Rs.3,258.24 crore a year-ago, an increase of 17 percent.
Its board recommended fourth interim dividend of 10 percent or Re.1.00 per equity share of Rs.10 each for the fiscal year 2013, to be paid on or before June 05.
At the BSE, IRB Infrastructure Developers closed Wednesday's trading at Rs.124.30, up 6.28 percent from the previous close.
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