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.
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.