NEW DELHI: FEBRUARY 11, 2020 (GPN): 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 third quarter and nine months ended December 31^st, 2019.

Q3FY20 performance overview compared with Q3FY19 (Standalone)

• Revenues from operations at Rs. 1132.18 crore.
• EBITDA of Rs. 174.94 crore; y-o-y growth of 13.52%.
• EBITDA margins at 14.70%.
• Core EBITDA of Rs.117.09 crore; y-o-y growth of 2.40%.
• Core EBITDA margin at 10.34%.
• PAT stood at Rs. 138.43 crore; y-o-y growth of 34.70%
• EPS for Q3FY20 stood at Rs.14.72, as compared to Rs.10.93 for Q3 FY19

9MFY20 performance overview compared with 9MFY19 (Standalone)

• Revenues from operations at Rs. 3414.13 crore, y-o-y growth of 18.45%
• EBITDA of Rs. 544.05 crore; y-o-y growth of 32.21%.
• EBITDA margins at 15.07%.
• Core EBITDA of Rs.347.01 crore; y-o-y growth of 57.32%.
• Core EBITDA margin at 10.16%
•        PAT stood at Rs.367.36 crore; y-o-y growth of 5.23%
• EPS for 9MFY20 stood at Rs. 39.06, as compared to Rs. 37.12 for 9MFY19

For quarter ended December 31st 2019 (Standalone)

Total Income for the quarter ended December 31^st, 2019 (Q3FY20) at Rs.1190.03 crore, compared to Rs. 1255.65 crore during the same period last year (Q3FY19)

The Company reported Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) of Rs. 174.94 crore in Q3FY20, as against Rs. 154.11 crore in Q3FY19; up 13.52%. The Company’s EBITDA margin improved from 12.27% in Q3FY19 to 14.70% in Q3FY20.

The Company reported a healthy increase of 34.70% in its PAT to Rs. 138.43 crore for Q3FY20, as compared to Rs. 102.77 crore in the corresponding quarter of last fiscal. The Company’s Q3FY20 PAT margin stood at a robust 11.63%, as against 8.18% in Q3FY19.

For nine months ended December 31st 2019 (Standalone)

Total Income for the 9MFY20 ended December 31^st, 2019 at Rs. 3611.17 crore, compared to Rs. 3073.22 crore during the same period last year (9MFY19).

The Company reported Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) of Rs. 544.05 crore in 9MFY20, as against Rs. 411.49 crore in 9MFY19; up 32.21%. The Company’s EBITDA margin improved from 13.39% in 9MFY19 to 15.07% in 9MFY20.

The Company reported an increase of 5.23% in its PAT to Rs. 367.36 crore for 9MFY20, as compared to Rs. 349.09 crore in the corresponding period last fiscal.

Ircon International Ltd has announced a dividend of Rs.13.45 per share (Face Value Rs.10). Furthermore, the company has also announced splitting of equity share of face value of Rs.10 each into five equity shares of face value of Rs.2 each subject to Shareholders approval. ENDS

About Ircon International Limited (https://www.ircon.org/; BSE: 541956; NSE: IRCON)

Ircon International Limited is a Miniratna (Category – I) Schedule A Public Sector Enterprise and a leading turnkey Construction Company in the public sector known for quality, commitment and consistency in terms of performance.

The core competence of IRCON is in Railways, Highways & Extra High Tension substation engineering and Construction. The company has executed projects operated in the areas of Railway construction including ballast less track, electrification, tunneling, signal & telecommunication as well as leasing of locos, construction of roads, highways, commercial, industrial & residential buildings and complexes, airport runway and hangars, metro and mass rapid transit system, etc.

IRCON has widespread operations in several states in India and other countries (Malaysia, Nepal, Bangladesh, South Africa, Algeria and Sri Lanka). Company has completed more than 128 projects in more than 24 countries across the globe and 383 projects in various states in India.