| IRCON's profit crosses Rs 1200 cr, declares 410% final dividend | | | New Delhi, Oct 4 : Ircon International Limited (IRCON) has declared its highest ever final dividend of Rs. 81.16 crores @ 410% on the paid-up share capital of Rs. 19.796 crores. This combined with the already paid interim dividend would take the total dividend pay-out to shareholders for 2013-14 to a record Rs. 182.12 crores @ 920% of the paid-up share capital.
Mohan Tiwari, Chairman & Managing Director, IRCON, while addressing the shareholders in its AGM held on 25th September 2014, highlighted the achievements of the Company during 2013-14. He said that IRCON has sustained the upward trend in its profitability during the period, as Profit Before Tax (PBT) and Profit After Tax (PAT) have increased to record Rs. 1249 crores and Rs. 907 crores, registering a growth of about 23% and 24% respectively, although turnover is marginally down. During the last five years, the Company has recorded a compound Annual Growth rate (CAGR) of 9.47% in turnover and 46.10% in PBT. |
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