26 Sep 2020 | 1:44 PM

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COMPANYNEWS
IRB InvIT Fund Q3 net profit down 6.15% at Rs 121.15 cr
  IRB InvIT Fund | 16 Jan 2020 | 03:57 PM
Published on 01-21-2019
The company reported standalone net profit of Rs 121.15 crore for the quarter ended December 31 2018 as compared to Rs 129.09 crore in the same period last year registering a year-on-year decline of 6.15 per cent.


Net revenue of the company declined marginally by 4.52 per cent at Rs 157.24 crore in October-December quarter of this fiscal as against Rs 164.68 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 3.34 per cent to Rs 3.76 crore from Rs 3.89 crore in year ago period.


Other Income dipped by 81.08 per cent at Rs 0.07 crore versus (Dec`17 Rs 0.37 crore).


Operating Profit slipped by 4.54 per cent to Rs 153.49 crore as against Rs 160.79 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 0.03 per cent in December quarter.


Interest grew by 1.03 per cent y-o-y to Rs 32.40 crore