22 Sep 2020 | 8:01 PM

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COMPANYNEWS
Ircon Internatio Q2 net profit up 4.94% at Rs 87.70 cr
  Ircon International Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-14-2019
The company reported standalone net profit of Rs 87.70 crore for the quarter ended September 30 2019 as compared to Rs 83.57 crore in the same period last year registering a year-on-year growth of 4.94 per cent.


Net revenue of the company rose substantially by 20.66 per cent at Rs 1161.12 crore in July-September quarter of this fiscal as against Rs 962.29 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 19.15 per cent to Rs 1071.76 crore from Rs 899.47 crore in year ago period.


Other Income dipped by 19.04 per cent at Rs 56.89 crore versus (Sep`18 Rs 70.27 crore).


Operating Profit surged by 42.25 per cent to Rs 89.36 crore as against Rs 62.82 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 17.92 per cent in September quarter.


Interest grew by 35.56 per cent y-o-y to Rs 6.10 crore while Taxation increased by 18.11 per cent at Rs 49.51 crore (Sep`18 Rs 41.92 crore).