Mumbai-based toll road developer IRB Infrastructure Developers has posted a three per cent drop in net profit at Rs 132 crore for the quarter-ended December 31, 2011, against Rs 136 crore logged in the same period last year.
Interest cost rose 73 per cent to Rs 142 crore from Rs 82 crore. Total income was up 14 per cent at Rs 779 crore (Rs 681 crore).
The profit was near flat on year-on-year basis due to increased amortisation and interest cost of the Surat-Dahisar project since the project has become operational, the company said.
IRB's order-book stands at about Rs 9,100 crore.
On Wednesday, the company's scrip on the BSE closed at Rs 168.15, down 2.97 per cent over previous close.