IRCON International Ltd — Earnings Release 2019

Nov 14, 2019

'-J f" I r>. ) =>I //lion ~ rc~rt ~I "1 cl (~~l "1

IRCON INTERNATIONAL LIMITED

(A Govt. of India Undertaking) An integrated Engineering and Construction Company

IRCON/SECY/STEX/124 141

h November, 2019

B S E L i it d m e	N ti l S k E h f I d i L i it d t a o n a o c c a n g e o n a m e x
/ f C S L i ti D D i t. t t s n g e p e p o o r p o r a e e r c e s v	L i ti D rt t s n g e p a m e n
P h ir J j b h T o z e e e e e o y o w e r s	C /1 G E h P l P l B l k t x c a n g e a z a o n o o c , ,
D l l S t t a a r e e	S d K rl C l a n r a u a o m p e x - ,
M b i 4 0 0 0 0 1 u m a -	S d ( E t) M b i- 4 0 0 0 5 1 a n r a a s u m a
S ri d I I D 5 4 1 9 5 6 /I R C O N c p c o e :	S C ri d I R C O N c p o e :

Sub: Press Release- Highlights of Un-audited Financial Results (Standalone)

Please find attached hereto a copy of press release dated November 14, 2019 issued by the Company in connection with the highlights of un-audited Financial Results (Standalone) for the quarter and half-year ended 30^{1 h}September 2019.

Please take note of above information on record.

Thanking you,

Yours faithfully,

For lrcon International Limited

~

(Ritu Arora) Company Secretary & Compliance Officer Membership No.: FCS 5270

Press Release

lrcon International Limited - Highlights of Financial Results (Standalone) for the Quarter ended 301 h September 2019

• • Total Revenue for the quarter ended 30'h September, 2019 increased to Rs.1218 crore as compared to Rs.1 033 crore in corresponding period ended 30'h September,2018 i.e. 18% growth over corresponding period.

• • Profit before Tax has increased by 10% to Rs.137 crore for the quarter ended 30'h September, 2019 against Rs.125 crore for the corresponding period of FY19.

• • Core EBITDA has also increased to 7.70% in 02 FY20 as compared to 6.53% in 02 FY19.

• • Earnings per Share (EPS) stands at Rs.9.32 for the quarter ended 30'h September, 2019 as compared to Rs.8.89 for the corresponding period FY19.

New Delhi, 14¹ h November 2019: lrcon International Limited has announced its financial results for 02 FY20 on 13'h November, 2019.

The company has recorded revenue from operations of Rs.1161 crore in 02 FY20, a growth of 21% over 02 FY19 which was Rs.962 crore. Increase in revenue from operations is due to increase in domestic revenue.

PAT has increased to Rs.87.70 crore in 02 FY20 as compared to Rs.83.57 crore in 02 FY19. EBITDA has also increased to Rs.146 crore in quarter ended September, 2019 as compared to Rs.133 crore in the corresponding period FY19.

Order Book of the company stands at Rs.32,393 crore comprising of Rs.30,333 crore of Railway projects.

About freon International Limited:

lrcon International Limited is a Miniratna (Category - I) Schedule 'A' Public Sector Enterprise and a leading turnkey Construction Company in the public sector known for quality, commitment and consistency in terms of Performance. IRCON has widespread operations in several states in India and other countries (Malaysia, Nepal, Bangladesh, South Africa, Algeria and Sri Lanka).

For more information contact:

Mr. Surajit Dutta CGM/Finance & Chief Investor Relation Officer

lrcon International Limited: Telephone: 011- 26530459 E-mail: surajit.dutta@ircon.org

DISCLAIMER: Cerlain statements that are made in the Press Release may be forward looking statements. Such forward looking statements are subject to cerlain risks and uncerlainties like significant changes in economic environment in India and overseas, tax laws, inflation, litigation, etc. Actual results might differ substantially from those expressed or implied. freon International Limited will not be in any way responsible for any action taken based on such statements and discussions; and underlakes no obligation to publicly update these forward looking statements to reflect subsequent events or circumstances.