IRCON International Ltd Q1FY22 consolidated net profit declines QoQ to Rs. 88.99 crores

IRCON International Ltd has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.1175.54 crores during the period ended June 30, 2021 as compared to Rs.2530.42 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.88.99 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.170.43 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.0.95 for the period ended June 30, 2021 as compared to Rs.1.81 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 1175.54 crs	₹ 2530.42 crs	-53.54%
Net Profit	₹ 88.99 crs	₹ 170.43 crs	-47.79%
EPS	₹ 0.95	₹ 1.81	-47.51%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.1175.54 crores during the period ended June 30, 2021 as compared to Rs.549.29 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.88.99 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.34.46 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.0.95 for the period ended June 30, 2021 as compared to Rs.0.37 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 1175.54 crs	₹ 549.29 crs	114.01%
Net Profit	₹ 88.99 crs	₹ 34.46 crs	158.24%
EPS	₹ 0.95	₹ 0.37	156.76%

Shares of IRCON International Ltd was last trading in BSE at Rs. 44.15 as compared to the previous close of Rs. 42.35. The total number of shares traded during the day was 479751 in over 2844 trades.

The stock hit an intraday high of Rs. 44.85 and intraday low of 42.4. The net turnover during the day was Rs. 20914333.

Source : Equity Bulls

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