IRB FY08 net profit shoots 405% to Rs 113.93cr
IRB Infrastructure Developers Ltd., one the largest private developers in western India and the largest toll road operating company in India, reported a 405% increase in its consolidated Net Profit at Rs 113.93 crores for the year ended March 31, 2008.
PAT climbed 405% YoY to Rs 113.93 crores from Rs 22.55 crores in the last fiscal. The company’s Total Income for FY08 stands at Rs 784.74 crores, a hop of 141.39% as against Rs 325.09 crores last year.The fully diluted Earnings Per Share (EPS) for the year ending March 31, 2008 stands at Rs 4.18, up from Rs. 1.12 last year.Announcing the results, Mr. V. D. Mhaiskar, Chairman & Managing Director of IRB infrastructure Developers Ltd. said, “We are quite pleased with our present turnover and going forward, we hope to sustain the growth rate.”
During the year, the Company completed an Initial Public Offer of 51,057,666 Equity shares of Rs 10/- each for cash at a price of Rs 185/- each aggregating to Rs 9,445,668,210/- Pursuant to the Public Issue, shares of the Company were listed on the NSE and BSE effective from February 25, 2008.
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