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Category :
Company News
Headline :
IRB InvIT Fund Q1 net profit down 1.72% at Rs 115.10 cr
Date:
30/07/2024 09:50
The company reported standalone net profit of Rs 115.10 crore for the quarter ended June 30, 2024 as compared to Rs 117.12 crore in the same period last year, registering a year-on-year decline of 1.72 per cent.
Net revenue of the company declined moderately by 8.28 per cent at Rs 153.64 crore in April-June quarter of this fiscal as against Rs 167.51 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 225.78 per cent to Rs -14.88 crore from Rs 11.83 crore in year ago period.
Other Income dipped by 63.11 per cent at Rs 0.38 crore versus (Jun'23 Rs 1.03 crore).
Operating Profit surged by 8.25 per cent to Rs 168.52 crore as against Rs 155.68 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 18.02 per cent in June quarter.
Interest grew by 35.89 per cent y-o-y to Rs 53.80 crore
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