IRCON's net profit goes up by 29% to Rs 765 crore; declares final dividend

New Delhi: Multinational Railways PSU, IRCON International Limited on Wednesday announced its financial results (audited) for the fourth quarter (Q4) and financial year ended on March 31 (FY 2022-23). The Board of Directors of IRCON in its meeting held on Wednesday approved the audited financial results (standalone and consolidated) of the company.

Key financial highlights for year ended March 31, 2023 (Consolidated):

During FY 2022-23, the total income the company increased by 41.7 percent to Rs 10,750 crore as against Rs 7,586 crore in FY 2021-22. The revenues from operations have also increased by 40.5 percent to Rs 10,368 crore as compared to Rs 7,380 crore in the previous financial year.

The net profit of IRCON has gone up by 29.2 percent to Rs 765 crore as against Rs 592 crore in FY 2021-22.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stands at Rs 1,117 crore in FY 2022-23 as against Rs 846 crore in FY 2021-22, with a jump of 32.1 percent. While EBITDA margin stood at 10.39 percent.

The profit before tax (PBT) for FY 2022-23 increased by nearly 30 percent to Rs 891 crore as compared to Rs 689 crore in FY 2021-22.

Earnings per share (EPS) stands at Rs.8.14 per equity share of the face value of Rs 2/- per share.

Key financial highlights for fourth quarter (Q4 FY 2022-23) (Consolidated):

During the fourth quarter (Q4) of FY 2022-23, the total income of IRCON stands at Rs 3,954 crore as against Rs 3,011 crore in Q4 of FY 2021-22, with a jump of 31.3 percent year-on-year (Y-O-Y) basis. The revenue from operations has also increased by 28.1 percent to Rs 3,781 crore as against Rs 2,953 crore in the corresponding period of last financial year (Q4 of FY 2021-22).

EBITDA was at Rs 370 crore, an increase of 37.4 percent, as compared to Rs 269 crore in Q4 of FY2021-22. The company’s EBITDA margin stood at 9.35 percent.

Profit Before Tax of IRCON has increased by 36.0 percent to Rs 301 crore in Q4 of FY2022-23 as against Rs 221 crore in Q4 of FY 2021-22.

Net profit of has increased by 6.1 percent to Rs. 57 crores in Q4 of FY 2022-23 as against Rs 242 crore in Q4 of FY22. While, EPS stands at Rs 2.73 per equity share of the face value of Rs.2/- per share.

Declared a dividend of Rs 1.20 per equity share

Board of Directors of IRCON have recommended final dividend of Rs 1.20 per equity share on the face value of Rs 2 per share subject to approval of shareholders in ensuing Annual General Meeting (AGM). This final dividend is in addition to interim dividends of Rs 1.80 per equity share, as declared and paid earlier in FY 2022-23.

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