IRB InvIT Fund Q4 net profit jumps 99.48% at Rs 224.93 cr
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The company reported standalone net profit of Rs 224.93 crore for the quarter ended March 31, 2021 as compared to Rs 112.76 crore in the same period last year, registering a year-on-year growth of 99.48 per cent. Net revenue of the company rose substantially by 94.09 per cent at Rs 282.86 crore in January-March quarter of this fiscal as against Rs 145.74 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 10.59 per cent to Rs 3.76 crore from Rs 3.40 crore in year ago period. Other Income grew by 122.50 per cent at Rs 1.78 crore versus (Mar'20 Rs 0.80 crore). Operating Profit surged by 96.07 per cent to Rs 279.09 crore as against Rs 142.34 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.02 per cent in March quarter. Interest grew by 84.23 per cent y-o-y to Rs 55.95 crore
