Ircon International Limited (IRCON) has been in focus on Friday. On January 17, 2025, IRCON share price opened at ₹215.00, down from its previous close of ₹220.41. At 11:39 AM, the share price of IRCON was trading at ₹217.36, down by 1.38% on the NSE. The market cap of the company stood at ₹20,443.05 crore.
The focus comes after news reports that the Union Budget 2025-26, set to be presented on February 1, may include an increase in the budgetary allocation for the Ministry of Railways.
In December 2024, IRCON informed the exchanges that the company and Northeast Frontier Railway have signed Memorandums of Understanding (MoUs) for the outsourcing of TRD maintenance and breakdown services. This includes work at nine OHE depots for the newly commissioned OHE and PSI assets in the Tinsukia Division, as well as at 11 OHE depots for similar assets in the Lumding Division of Northeast Frontier Railway.
In Q2 FY 2025, the total income stood at ₹2,538.6 crore, down from ₹3,136.3 crore in Q2 FY 2024. Revenue from operations for the quarter was ₹2,447.5 crore, compared to ₹3,033.3 crore in Q2 FY 2024. EBITDA amounted to ₹342.8 crore, down from ₹392.4 crore in Q2 FY 2024, with an EBITDA margin of 13.5%. The profit after tax (PAT) for Q2 FY 2025 was ₹205.9 crore, lower than ₹250.8 crore in Q2 FY 2024.
Ircon International Limited, established in 1976 as a railway construction company, gradually diversified from 1985 onwards. It has since become an integrated engineering and construction PSU, specialising in large, technologically advanced infrastructure projects across sectors like railways, highways, and more.
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Published on: Jan 17, 2025, 12:01 PM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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