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.
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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.