IRCON International Ltd — Earnings Release 2019

Feb 7, 2019

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IRCON/SECY /STEX/124

7th February 2019

BSE Limited	National Stock Exchange of India Limited
Listing Dept./ Dept of Corporate Services	Listing Department
Phiroze Jeejeebhoy Towers	Exchange Plaza, Plot no. C/1 , G Block
Dalal Street	Bandra -Kurla Complex,
Mumbai - 400 001	Bandra (East) Mumbai- 400 051
Scrip code/10: 541956/IRCON	Scrip Code: IRCON

Sub: Press Release

Please find attached hereto a copy of press release dated 7\h February 2019 issued by the Company in connection with the Un-Audited Financial Results for the quarter ended 31 ⁵¹ December, 2018.

Please take note of above information on record.

Thanking you,

Yours faithfully,

For lrcon International Limited

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

Press Release

Highlights of Financial Results (Standalone) -FY '19

for the Quarter and Nine Months ended on December 2018

• , Total Revenue lor the n1ne months ended 31" December"18 is Rs. 3073 crore wh1ch is 21 % higher as compared to Total Revenue of Rs. 2548 crore for the corresponding penod of FY18.
• ,... Core EBITDA has Increased by 52% to Rs 221 Crore in nine months ended 31 " December' 18 as compared to Rs. 146 crore for the corresponding period of FY 18
• , Profit After Tax stands at Rs.349 Crore for the nine months ended 31" December'18 as aga1nst Rs.172 crore for the corresponding period of FY18.
• ,.. Earnings per Share stands at Rs.37.12 for the nine months ended 31 .. December'18 as compared to Rs.17 .35 for the corresponding period of FY18.

New Delhi, 7th February 2019: freon International Limited, a Miniratna (Category - 1) Schedule 'A' Pubhc Sector Enterprise has announced its unaudited standalone financial results for third quarter and nine months period ending December 31, 2018.

The company has recorded revenue from operations of Rs.2882 crore in nine months ended 31 " December'18. a growth of 20% from the corresponding period of FY18 which was Rs. 2393 crore. The increase has been contributed on all fronts i.e. Domestic and International. There has been increase in the revenue from operations in the domestic sector by Rs 424 crore and in the international sector by Rs.65 crore as compared to nine months ended 31st December'17.

PAT has gone up by 103% to Rs.349 crore over nine months ended 31st December'17 of Rs. 172 crore. This increase in profit is achieved due to increase in turnover and refund of taxes to the tune of Rs. 109 Crores including interest

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.

Company has a strong order book of more than Rs. 26.000 crore as on 31.12.2018 on standalone basis.

About lrcon 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. lrcon has widespread operations in several states in India and other countries (Malaysia, Nepal, Bangladesh. South Africa, Algeria and Sri Lanka). Company has completed more than 127 projects in more than 24 countries across the globe and 380 projects in various states in India. For more information contact:

Mr. A.K.Singh ED/Finance & Chief Investor Relation Officer

Ircon International Limited:

Telephone: 011-26530461 E-mail: all singh@iron org

DISCLAIMER: Certain statements that are made in the Press Release may be forward looking statements. Such forward looking statements are subject to certain risks and uncertainties 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. Ircon International Limited will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward looking statements to reflect subsequent events or circumstances.