Ircon International sees 6% increase in turnover in FY14 April-September period

NEW DELHI: IRCON International, a public sector construction company under the Ministry of Railways, has recorded a turnover of Rs 1591.47 crore and profit before tax (PBT) of Rs 435.31 crore during the first half of the current financial year 2013-14. This is an increase of 6% per cent and 59% respectively over the corresponding period last year. The turnover from international projects was higher by 18%.

The results were announced during the 209th meeting of the Board of Directors chaired by Mohan Tiwari, chairman & managing director, IRCON. During the last five years, the company’s turnover has increased at a CAGR of about 17%. Its PBT of the company touched record level of Rs 1014 crore in 2012-13 with a CAGR of 44.61%.