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IRB Infra declines as 3rd quarter net profit slips

Capital Market / 15:16 , Jan 25, 2012

IRB Infrastructure Developers fell 3.35% at Rs 167.50 at 15:14 IST on BSE after consolidated net profit fell 1.21% to Rs 131.39 crore on 14.51% increase in total income to Rs 779.23 crore in Q3 December 2011 over Q3 December 2010.

The result was announced during trading hours today, 25 January 2012.

Meanwhile, the BSE Sensex was up 60 points, or 0.35%, to 17,055.77.

On BSE, 6.54 lakh shares were traded in the counter as against an average daily volume of 2.11 lakh shares in the past one quarter.

The stock hit a high of Rs 176.90 and a low of Rs 166.85 so far during the day. The stock had hit a 52-week low of Rs 121 on 3 January 2012. The stock had hit a 52-week high of Rs 229.95 on 8 April 2011.

The stock had outperformed the market over the past one month until 24 January 2012, rising 24.01% compared with the Sensex's 7.99% rise. The scrip had also outperformed the market in past one quarter, jumping 10.03% as against 0.33% rise in the Sensex.

The mid-cap construction company has an equity capital of Rs 332.36 crore. Face value per share is Rs 10.

IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles. The company, along with its subsidiaries has constructed or, operated and maintained around 8,000 lane kilometres (kms) of road length so far and one of the major road developers in the country. The aggregate size of all our BOT projects (both completed and under execution) is around Rs 1,78,882 million.

 



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