Companies

Ircon net down 8.3 per cent in Q3

Our Bureau New Delhi | Updated on February 07, 2019 Published on February 07, 2019

Ircon International on Thursday reported a 8.3 percent decline in net profit for the third quarter ended December 31, 2018 at ₹102.77 crore (₹112.15 crore).

This listed subsidiary of Railways has declared an interim dividend of ₹10.7 per share of ₹10 each.

For the nine months ended December 31, 2018, Ircon’s net profit grew 103 per cent to ₹349 crore (₹172 crore)

Total income for the quarter under review stood at ₹1,255 crore, up 30 per cent against the level in same quarter in previous fiscal.

In the case of nine months ended December 31, 2018, IRCON’s total income increased to ₹3073.22 crore (₹2547.69 crore).

On Thursdsay, the company's share price closed at ₹389.75, up ₹4.8 or 1.25 per cent against the previous close, on the BSE.

Published on February 07, 2019
This article is closed for comments.
Please Email the Editor