IRB Infra reports 18% YoY jump in toll revenue; shares see profit booking

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IRB Infra reports 18% YoY jump in toll revenue; shares see profit booking - Business Standard

Quick Summary:

IRB Infra share price: Investors, however, booked profit in the stock at higher levels, erasing all the gains for the day.

IRB Infra stock fell 4 per cent from the day's high to hit a low of Rs 44.

In the October to December 2024 quarter, IRB Infrastructure Developers reported a net profit of Rs 6,026 crore, including exceptional gains of Rs 5,804 crore, arising from fair-value assessments of its investments in InvITs and related assets.