Ircon Q4 profit surges 67 per cent sequentially to ₹170 crore

Our Bureau New Delhi | Updated on June 30, 2021

Board declares final dividend of ₹ 1.32 per share

Ircon International Ltd on Wednesday reported a 67 per cent sequential rise in consolidated net profit for the March quarter at ₹170 crore. Total income grew by 84 per cent quarter-on-quarter to ₹2,530 crore.

On a year-on-year basis, fourth quarter profit has grown by 48 per cent. However, for the financial year 2020-21, profit fell by 19 per cent to ₹391 crore, while annual revenue diminished marginally to ₹5,523 crore.

The performance of the company was adversely affected in the first half of 2020-21, Ircon said in a statement.

Final dividend

The company board on Wednesday also recommended a final dividend of ₹1.32 per share for 2020-21. In addition to the interim dividend announced in February, this brings the total dividend for the fiscal year to ₹2.62 per share.

The order book of the company at the close of the financial year stands at ₹34,689 crore, ₹32,916 crore of which is from the Railways while the balance is from the Highways.

Published on June 30, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like