MUMBAI, 16 OCTOBER, 2022 (GPN): Key Financial Highlights for Quarter ended 30th September 2022 (Consolidated):  

Income increased to Rs.2,306 Croreas against Rs.1,583Crore in Q2FY22.

• Revenue from operations increasedto Rs.2,239 Crore as againstRs.1,523 Crore in Q2FY22. 
• Core EBITDA increased to Rs.214 Croreas compared to Rs.149 Crorein Q2FY22.
• PAT stands at Rs.174 Crore as compared to Rs.126 Crore in Q2FY22. 
• EPS stood at Rs.1.85per Equity share in Q2FY23 on the face value of Rs.2 /share.

Order Book: 

As of 30thSeptember 2022, the total order book stands at Rs.40,020Crore. The break-upis which is as follows:

Railways : Rs.30,712 Crore Highways : Rs. 7,339 Crore

Others : Rs. 1,969 Crore

Financial Performance: 

The Board of Directors of Ircon International Limited (NSE: IRCON | BSE: 541956), at its meeting today, approved the results for the quarter and half year ended 30th September 2022.

Q2FY23 – Consolidated (Rs. Crore) 

Particulars	Q2FY23	Q2FY22	Growth%
Total Revenue	2305.87	1582.67	45.69%
Operating Revenue	2238.85	1523.19	46.98%
Core EBITDA	213.97	149.11	43.50%
Core EBITDA Margin (%)	9.56%	9.79%	(23 bps)
PAT	174.18	125.94	38.30%
EPS (Rs./Share) (FV-Rs.2/Share)	1.85	1.34	38.06%

 Q2FY23– Standalone (Rs. Crore) 

Particulars	Q2FY23	Q2FY22	Growth%
Total Revenue	2200.58	1503.28	46.39%
Operating Revenue	2117.21	1421.06	48.99%
Core EBITDA	153.27	98.26	55.98%
Core EBITDA Margin (%)	7.24%	6.91%	33 bps
PAT	178.10	132.63	34.28%
EPS (Rs./Share) (FV-Rs.2/Share)	1.89	1.41	34.04%

Industry Outlook/Way forward: 

India is a major market with a growingneed for more sophisticated and more sustainable structures. The government’s continued focus on infrastructure development and increased spending have been beneficial for the whole industrythough headwinds arising out of rising cost pressure and inflationary impacts could have some volatilities. Significant growth in infrastructure is expected.

The scope for development across the sector is huge, given the substantial number of ongoingand proposed projects.The current scenario, therefore, presents a competitive landscape for the company to buckle up and take the opportunities to grow the business and continue to create value for its stakeholders.

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

Ircon International Limitedis a Miniratna (Category – I) ScheduleA, 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 Tensionsubstation engineering. 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 buildingsand complexes, airportrunway 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, Myanmar and Sri Lanka). Company has completed more than 128 projects in 25 countries across the globe and 398 projects in various states in India.

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