Other income was lower by 28% to Rs 39.76 crore. Interest cost stood at Rs 3.64 crore and depreciation was down by 6% to Rs 2.99 crore. Thus PBT was lower by 7% to Rs 147.48 crore. After providing total tax of Rs 44.71 crore, PAT for Dec 18 quarter stood at Rs 102.77 crore, down by 8% YoY.
For the 9 mths ended Dec 18, net sales were up by 20% to Rs 2882.31 crore. OPM was up by 160 bps to 7.7% thus resulting in a 52% increase in OP to Rs 220.58 crore. Other income was up by 24% to Rs 190.91 crore. Other income for 9 mths ended Dec 18 includes Rs 22 crore of interest on income tax refund. After providing depreciation of Rs 9.01 crore and interest of Rs 10.89 crore, PBT stood at Rs 391.59 crore up by 65% YoY. After providing total tax of Rs 127 crore, up by 92% YoY, PAT for 9 mths ended Dec 18 stood at Rs 264.59 crore up by 54% YoY. There was a tax refund of prior period of Rs 84.50 crore for 9 mths ended Dec 18, PAT after PPI for 9 mts ended Dec 18 stood at Rs 349.09 crore up by 103% YoY.
Company has a strong order book of more than Rs. 26.000 crore as on 31.12.2018 on standalone basis.
Railway projects remained the focus area where the company has achieved revenue of Rs. 2429 crore with a growth of 41% over nine months ended 31st December'17 of Rs. 1717crore.
Ircon International: Standalone Results
Powered by Capital Market - Live News