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IRCON improves PAT by 32.3% q-o-q in Q1 FY20

However, IRCON’s PAT for Q1 FY20 has slumped considerably if one contrasts the figure with the corresponding quarter of the previous financial year
New Delhi: In the June quarter of financial year 2019-20, state-run IRCON International Limited improved profit after tax (PAT) by 32.3 percent in comparison to the last quarter of the previous financial year. For Q1 FY2019-20, PAT stood at Rs 141.23 crore as opposed to Rs 95.59 crore in Q4 FY2018-19. However, PAT for the period has slumped considerably if one contrasts the figure with the corresponding quarter of the previous financial year when IRCON posted a net profit after tax of Rs 162.75 crore.

Total income goes up

IRCON’s total income from operations for Q1 of financial year 2019-20 stood at Rs 1,120.83 crores, up from Rs 704.13 crore in the corresponding quarter of the previous financial year. In the March quarter of financial year 2018-19, the total income was, however, at Rs 1,532.79 crores. Total comprehensive income for the June quarter was at Rs 142.79 crore, down from Rs 174.27 crore in the corresponding quarter of financial year 2018-9. The figure is however higher when compared to the March quarter of FY2018-19: Rs 81.29 crore.