New Delhi, Oct 27 (PTI) IRB Infrastructure Developers on Friday reported a 12.24 per cent rise in consolidated net profit to Rs 95.74 crore for the September quarter.

The company had clocked a consolidated net profit of Rs 85.30 crore in the year-ago period, it said in a statement.

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Total income during the second quarter of the current fiscal rose to Rs 1,874 crore as against Rs 1,438 crore in the year-ago period.

The company said its toll revenue across IRB and Pvt InvIT entities together was up by 20 per cent year-on-year for the first half of the current fiscal at Rs 2,386 crore from Rs 1,984 crore in the previous fiscal.

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"Overall, the performance looks very promising, backed by consistent growth seen in toll collections on a year-on-year basis across assets, coupled with commencement of tolling on Hyderabad Outer Ring Road and achieving financial closure of the build-operate-transfer project bagged earlier in Gujarat," Chairman and Managing Director of the company Virendra D Mhaiskar said.

IRB Infra said the board of private InvIT has declared a maiden distribution of Rs 155 crore.

The same will be reflected in the cash flow of IRB in the next quarter, on receipt of distribution, it added.

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