IRCON reports Rs.76.28 cr Standalone PAT, up 91% QoQ

IRCON reports Rs.76.28 cr Standalone PAT, up 91% QoQ

IRCON INTERNATIONAL LIMITED C-4, District Centre, Saket, New Delhi – 110017 

 IRCON reports Rs.76.28 cr Standalone PAT, up 91% QoQ

 Chennai: November 11, 2020: Ircon International Limited, a Miniratna (Category – I) Schedule A Public Sector Enterprise and a leading turnkey Construction Company has announced its financial results for the second quarter/half year ended on September 30^th, 2020.

Highlights for Q2FY21 Standalone Financials

• Total income stands at 1015 crore as against Rs. 513 crore in Q1FY21.
• Revenue from Operations stood at Rs. 966 crore as against Rs. 477 crore in Q1FY21.
• Core EBITDA reported was at Rs. 66 crore as compared to Rs. 34 crore in Q1FY21.
• Profit Before Tax stands at Rs.104 crore as against Rs. 60 crore in Q1FY21.
• Profit After Tax reported was at Rs. 76 crore as against Rs. 40 crore in Q1FY21.
• EPS stands at Rs. 1.62 per Equity share of the Face Value Rs.2 per share.

Revenues from operations for the quarter ended September 30^th, 2020 (Q2FY21) stood at Rs. 965.57 crore as compared to Rs. 477.35 crore in Q2Y20. Likewise, the Total Income stood at Rs. 1015.16 crore in Q2FY21 as against Rs. 513.48 crore in Q2FY20.Q2FY21 (Standalone)

The Company’s Core Earnings before Interest, Tax, Depreciation and Amortization (Core EBITDA) stands at Rs. 66.04 crore in Q2FY21, as against Rs. 33.82 crore in Q2FY20. The Company’s EBITDA margin stood at 11.39%.

Profit Before Tax (PBT) stood at Rs. 103.54 crore for Q2FY21 as compared to Rs. 60.13 crore in Q2FY20. The Company’s PBT margin stood at 10.20%.

Profit After Tax (PAT) reported stood Rs.76.21 crore for Q2FY21 as against Rs. 39.88 crore in Q2FY20. The Company’s PAT margin stood at 7.51%.

Earnings per share (EPS) for the quarter ended Q2FY21 stood at Rs.1.62 of the Face Value Rs.2 per share.