Hyderabad, Jul 30: The IVRCL Group announced a 39 per cent increase in turnover for the first quarter of the current financial year to Rs 1,065 crore against Rs 766 crore for the corresponding period last year. According to a press release here, the Earnings Before Interest, Depreciation and Tax (EBIDTA) increased by 49.30 per cent from Rs 71 crores to Rs 106 crore.
IVRCL Infrastructures&Projects Limited (IVRCL) improved its turnover from Rs 687.87 crores in the first quarter of previous year to Rs 948.34 crores, recording a growth of about 38 per cent. The EBIDTA increased from Rs 58.48 crore to Rs 84.60 crore, an increase of 45 per cent. The Profit Before Tax (PBT) increased from Rs 48.63 crore to Rs 55 crore, an increase of 13.10 per cent. The Profit After Tax (PAT) registered an increase from Rs 37.87 crore to Rs 43.50 crore, an increase of 14.87 per cent. The Earnings Per Share (per share of Rs 2 each) has improved from Rs 2.92 to Rs 3.26.
The net income of IVR Prime Urban Developers Limited (IVR PUDL) increased from Rs 20.84 crores to Rs 32.25 crores, recording an increase of 54.75 per cent.
The PBT improved from Rs 2.48 crore to Rs 8.32 crore, an increase of 235 per cent while EBIDTA increased from Rs 4.08 crore to Rs 9.79 crore, an increase of 140 per cent.
The PAT increased from Rs 1.50 crore to Rs 5.44 crore, which is an increase of 263 per cent.
Hindustan Dorr-Oliver Limited's (HDO) total income increased from Rs 55.98 crore to Rs 86.25 crore, an increase of over 54 per cent.
The EBIDTA had more than doubled from Rs 5.93 crore to Rs 11.89 crore while the PBT has increased from Rs 5.05 crore to Rs 9.15 crore, an increase of over 81 per cent.
The PAT has also increased significantly from Rs 3.52 crore to Rs 6.13 crore, an increase of over 74 per cent.