Ircon International Share Price Drops 7%; Q3 FY25 Net Profit Declines 64.61%

Ircon International’s stock price saw a significant decline of 7.20%, trading at ₹166.90 at 11:00 AM on the NSE, down from the previous close of ₹179.85. The stock opened at ₹163.33, reached a high of ₹171.98, and a low of ₹159.61 during the session.

The fall in Ircon International’s share price today extended a series of losses, with the stock now down nearly 7% over the last five consecutive sessions, reflecting ongoing investor concerns.

Q3 FY25 Financial Performance

Ircon International, a prominent Navratna public sector enterprise in the turnkey construction industry, reported a significant 65% drop in net profit, amounting to ₹86 crore for Q3 FY25, compared to ₹245 crore in the same quarter of the previous year.

The company’s revenue from operations also saw an 11% decline year-on-year (YoY), dropping to ₹2,613 crore from ₹2,929 crore in Q3 FY24.

Additionally, the board has approved an interim dividend of ₹1.65 per share with a face value of ₹2. The record date for this dividend payment is set for February 17, and it will be distributed on February 28, 2025.

The company’s EBITDA for Q3 FY25 decreased to ₹218.3 crore, down from ₹378.1 crore in Q3 FY24. The EBITDA margin stood at 8.1%. Profit Before Tax (PBT) also saw a sharp decline to ₹131.8 crore for the quarter, compared to ₹314 crore in the previous year’s corresponding quarter.

Ircon’s Total Order Book

Ircon’s total order book as of December 2024 stood at ₹21,939 crore, comprising ₹17,075 crore from Railways, ₹4,775 crore from Highways, and ₹89 crore from other industries.

Despite the dip in profits, the company remains optimistic, citing the infrastructure sector’s potential in India. The government’s initiatives, including PM Gati Shakti and urban transformation projects like Metro Rail and NaMo Bharat, are seen as significant growth drivers.

These developments are expected to enhance logistics efficiency, reduce operational costs, and improve public transit infrastructure—areas where Ircon is well-positioned to capitalise.

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