Ircon International Limited has announced its financial results for Q2 FY20 on 13th November, 2019.The company has recorded revenue from operations of Rs.1161 crore in Q2 FY20, a growth of 21% over Q2 FY19 which was Rs.962 crore. Increase in revenue from operations is due to increase in domestic revenue.
- Total Revenue for the quarter ended 30th September, 2019 increased to Rs.1218 crore as compared to Rs.1033 crore in corresponding period ended 30th September,2018 i.e. 18% growth over corresponding period.
- Profit before Tax has increased by 10% to Rs.137 crore for the quarter ended 30th September, 2019 against Rs.125 crore for the corresponding period of FY19.
- Core EBITDA has also increased to 7.70% in Q2 FY20 as compared to 6.53% in Q2 FY19.
- Earnings per Share (EPS) stands at Rs.9.32 for the quarter ended 30th September, 2019 as compared to Rs.8.89 for the corresponding period FY19.
PAT has increased to Rs.87.70 crore in Q2 FY20 as compared to Rs.83.57 crore in Q2 FY19. EBITDA has also increased to Rs.146 crore in quarter ended September, 2019 as compared to Rs.133 crore in the corresponding period FY19.
Order Book of the company stands at Rs.32,393 crore comprising of Rs.30,333 crore of Railway projects.
About Ircon International Limited: Ircon International Limited is a Miniratna (Category — I) Schedule ‘A’ Public Sector Enterprise and a leading turnkey Construction Company in the public sector known for quality, commitment and consistency in terms of Performance. IRCON has widespread operations in several states in India and other countries (Malaysia, Nepal, Bangladesh, South Africa, Algeria and Sri Lanka).