High toll revenues led IRB Infrastructure to post a year-on-year increase of 14% in net profit to Rs 122 crore for the quarter ended September 30, 2014, despite construction revenues taking a hit due to lack of activity during monsoon months.
The company’s toll revenues surged a sharp 66% y-o-y to Rs 452 crore, a result of 5-6% revision in toll rates, close to a 7% increase in traffic and the start of some new projects.
Anil Yadav, chief financial officer, IRB Infrastructure, said: “The traffic this quarter has surpassed our expectation of 5%. This is a healthy sign and we hope this will grow from here with all positive economic indicators”.
