IRB Infrastructure Developers suffers net loss of Rs 30 cr for Q1FY21

New Delhi: IRB Infrastructure Developers Ltd suffered a consolidated net loss of Rs 30 crore for the for the first quarter of the current fiscal as compared to a net profit if Rs 206 crore in the corresponding quarter of the previous financial year.

The consolidated revenue from operations of the company fell 42 percent to Rs 1,022 crore for the first quarter of the current fiscal as compared to Rs 1,773 crore in the corresponding quarter of the previous financial year.

The consolidated profit before tax fell 99 percent to Rs 2.95 crore for the first quarter of the current fiscal as compared to Rs 387 crore in the corresponding quarter of the previous financial year, the company said in a regulatory filing.

The standalone net profit of the company fell 71 percent to Rs 16 crore for the first quarter of the current fiscal as compared to Rs 55 crore in the corresponding quarter of the previous financial year.

The standalone revenue from operations fell 29 percent to Rs 628 crore for the first quarter of the current fiscal as compared to Rs 879 crore in the corresponding quarter of the previous financial year.

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