26 Jan 2021 | 8:43 AM

News

COMPANYNEWS
Ircon Internatio Q1 net profit down 13.22% at Rs 141.23 cr
  Ircon International Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-09-2019
The company reported standalone net profit of Rs 141.23 crore for the quarter ended June 30 2019 as compared to Rs 162.75 crore in the same period last year registering a year-on-year decline of 13.22 per cent.


Net revenue of the company rose substantially by 59.18 per cent at Rs 1120.83 crore in April-June quarter of this fiscal as against Rs 704.13 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 48.36 per cent to Rs 980.27 crore from Rs 660.72 crore in year ago period.


Other Income grew by 1.76 per cent at Rs 82.30 crore versus (Jun`18 Rs 80.88 crore).


Operating Profit surged by 223.80 per cent to Rs 140.56 crore as against Rs 43.41 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 103.24 per cent in June quarter.


Interest grew by 65.45 per cent y-o-y to Rs 4.55 crore while Taxation increased by 268.48 per cent at Rs 74.35 crore (Jun`18 Rs -44.13 crore).