Volume growth aided rise in toll income in Q3: IRB Infra
IRB Infrastructure surpassed analysts’ expectations with profit growing by 27.9 percent to Rs 169.6 crore year-on-year on back of strong revenue growth. Revenue rose 38.3 percent to Rs 1,333 crore in the quarter ended December 2015. For this quarter the construction turnover has been at around Rs 808 crore and the revenue from the tolling has come in at around Rs 524 crore which is a healthy growth of almost 10 percent on the tolling side.
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IRB Infrastructure surpassed analysts’ expectations with profit growing by 27.9 percent to Rs 169.6 crore year-on-year on back of strong revenue growth. Revenue rose 38.3 percent to Rs 1,333 crore in the quarter ended December 2015. For this quarter the construction turnover has been at around Rs 808 crore and the revenue from the tolling has come in at around Rs 524 crore which is a healthy growth of almost 10 percent on the tolling side.
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