IRB Infrastructure Developers on Friday reported a 27 per cent decline in consolidated profit after tax (PAT) at Rs 159.73 crore for the quarter ended December 2019. The infrastructure company had clocked a consolidated PAT of Rs 218.90 crore for the corresponding period a year-ago, it said in a regulatory filing to the BSE Total income for the quarter declined to Rs 1,790.17 crore as against Rs 1,835.02 crore in the year-ago period. Total expenses increased to Rs 1,534.36 crore, from Rs 1,446.82 crore earlier.The company's Chairman and Managing Director Virendra D Mhaiskar said, "Our execution pace continues to be strong and the quarter marked a return of traffic growth - presumably led by slight pick-up in economic activity across India. "He added the company is expecting closure of deal with GIC affiliates soon and also a decision on the Mumbai-Pune expressway project. IRB Infrastructure Developers Ltd (IRB) is a private roads and highways infrastructure developer having a track record of constructing over 12,600 lane kms in two decades.

Source: Economic Times February 14, 2020 12:56 UTC