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IRCON Declared its Financial Results for the FY 2019-20

By IndianMandarins- 29 May 2019
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IRCON International Limited announced its financial results for the fourth quarter and year ended 31 March 2019. The company has recorded revenue from operations of Rs. 4,798 crore in FY19, a growth of 19 % over FY18 which was Rs. 4,024 crore. Increase in revenue from operations is mainly due to increase in domestic revenue.

 

It achieved an all-time high turnover in FY19. Total Revenue for the year ended 31 March 2019 is Rs. 4,990 crore which is 18% higher as compared to Total Revenue of Rs. 4,213 crore for the corresponding period ended 31 March 2018.

 

Highlights:

  • EBITDA increased by 8% to Rs. 690 Crore for the year ended 31 March 2019 as compared to Rs. 637 crore for year ended 31 March 2018.
  • Profit After Tax has increased by 10% to Rs. 450 Crore for the year ended 31 March 2019 as against Rs. 409 crore for the corresponding period in FY18.
  • Railway projects remained the focus area where the company has achieved revenue of Rs. 3,758 crore with a growth of 29% over year ended 31 March 2018 of Rs. 2,905 crore.
  • Earnings per Share (EPS) stands at Rs. 47.85 for the year ended 31 March 2019 as compared to Rs. 41.83 for the corresponding period in FY18.
  • Trade Receivables of the company came down to 51 days as on 31 March 2019 as compared to 61 days in corresponding period ended 31 March 2018.
  • Total dividend for FY19 will be Rs. 21.545 per equity share i.e. 215.45% of face value comprising of interim dividend amounting to Rs. 10.72 per equity share and final dividend recommended by the Board at Rs. 10.825 per equity share.

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