IRB Infrastructure Developers surges despite reporting 28% fall in Q4 consolidated net profit

IRB Infrastructure Developers is currently trading at Rs 192.30, up by 5.60 points or 3.00% from its previous closing of Rs. 186.70 on the BSE. The scrip opened at Rs 188.40 and has touched a high and low of Rs 193.00 and Rs 188.35 respectively. So far 174400 shares were traded on the counter. The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 191.80 on 22-May-2014 and a 52 week low of Rs 51.90 on 02-Aug-2013. Last one week high and low of the scrip stood at Rs 191.80 and Rs 152.65 respectively. The current market cap of the company is Rs 6205.24 crore. The promoters holding in the company stood at 61.71% while Institutions and Non-Institutions held 28.63% and 9.66% respectively. IRB Infrastructure Developers has posted a rise of 133.71% in its net profit at Rs 115.78 crore for the quarter ended March 31, 2014 as compared to Rs 49.54 crore for the same quarter in the previous year. Total income of the company increased by 16.55% at Rs 670.19 crore for quarter under review as compared to Rs 575.02 crore for the quarter ended March 31, 2013. On consolidated basis, the group has reported 27.72% fall in its net profit at Rs 109.23 crore for the quarter ended March 31, 2014 as compared to Rs 151.13 crore for the same quarter in the previous year. Total income of the group has declined by 6.77% at Rs 918.04 crore for quarter under review as compared to Rs 984.77 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a jump of 53.84% in its net profit at Rs 288.20 crore as compared to Rs 187.33 crore for the same period in the previous year. Total income of company improved by 11.69% at Rs 2508.57 crore for year under review as compared to Rs 2245.88 crore for the period ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the group has posted a fall of 17.52% in its net profit at Rs 459.12 crore as compared to Rs 556.66 crore for the same period in the previous year. However, total income of group has increased by 0.81% at Rs 3853.31 crore for year under review as compared to Rs 3822.03 crore in the previous fiscal.