Ircon international, Engineering company

Miniratna public sector enterprise Ircon International has clocked 27 per cent growth in its standalone profit after tax of Rs 122 crore in the fourth quarter ended March (Q4 FY20) against Rs 96 crore in the corresponding period of previous fiscal.The turnover increased to Rs 1,788 crore from Rs 1,533 crore in Q4 FY19 and total income moved up to Rs 1,831 crore as compared to Rs 1,606 crore, said the turnkey construction company.Earnings per share increased to Rs 13.02 in Q4 FY20 as compared to Rs 10.16 in Q4 FY19, it said in a statement late on Friday after the closing of market hours.For the entire fiscal year ended March, the turnover edged nearly 18 per cent higher to Rs 5,202 crore from Rs 4,415 crore in FY19. Similarly, total income increased to Rs 5,442 crore as compared to Rs 4,680 crore, marking a growth of over 16 per cent.Profit after tax increased by 10 per cent to Rs 490 crore against Rs 445 crore. Earnings before interest, taxes, depreciation and amortisation (EBITDA) ticked up by 11 per cent to Rs 716 crore against Rs 642 crore.Earnings per share increased to Rs 52.08 from Rs 47.28 in FY19. By March-end, the company's order book stood at Rs 30,713 crore.The board of directors has recommended a final dividend of Rs 2.06 per share with a face value of Rs 2 in addition to interim dividend of Rs 13.45 per share with a face value of Rs 10.The COVID-19 pandemic affected business activities worldwide. However, Ircon International said that there is no significant impact on its financial performance so far in terms of revenue and profitability."The company is constantly reviewing its operation and is making every possible effort to make up for the lost time due to the pandemic," it said.( With inputs from ANI )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Ircon InternationalFOLLOW

Ircon international, Latest News

National :J-K: Khari tehsil cut off from Ramban after portion of link road caves in due to heavy rainfall

Ramban (Jammu and Kashmir) [India], April 9 : A portion of the Nachlana-Khari Link Road, spanning about 20 metres, ... ...

Business :Ircon provides cold chain equipment for COVID-19 vaccination programme

Government-owned engineering and construction major Ircon International has said it came forward to support Covid-19 vaccination programmes by adding cold chain equipment under its corporate social responsibility (CSR) initiative. ...

Business :Ircon marks 27 pc growth in Q4 profit at Rs 122 cr

Miniratna public sector enterprise Ircon International has clocked 27 per cent growth in its standalone profit after tax of Rs 122 crore in the fourth quarter ended March (Q4 FY20) against Rs 96 crore in the corresponding period of previous fiscal. ...