The Hindu Business Line : IVRCL Infra Q4 net up, to pay 50%

IVRCL Infrastructures & Projects Ltd has reported an impressive performance for the quarter and fiscal ended March 2006. The board that met here on Friday to take on record the audited financial results has recommended a dividend of 50 per cent (Rs 1) on equity share of Rs 2 each. For the fourth quarter of fiscal 2006, the company posted a growth of 72.2 per cent in turnover at Rs 594.89 crore against Rs 345.44 crore in the corresponding quarter of previous fiscal, while the net profit rose 74.5 per cent to Rs 43.81 crore (Rs 25.17 crore), yielding an EPS of Rs 4.17 (Rs 2.98). For the full year, the company posted a growth of 43.68 per cent in turnover at Rs 1,501.44 crore (Rs 1,044.96 crore) and 63.84 per cent in net profit at Rs 92.95 crore (Rs 56.7 crore), yielding an EPS of Rs 8.84 (Rs 6.71). On a consolidated basis, the company attained a growth of 59.43 per cent in turnover at Rs 1,694.55 crore (Rs 1,062.87 crore), while the net profit improved by 88.77 per cent to Rs 107.62 crore (Rs 57.05 crore), which translates into an EPS of Rs 10.23 (Rs 6.80).

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