Ircon International Ltd

The contract is for the Construction of New Secretariat Complex including Campus Infrastructure in New Shillong City, Meghalaya. The project is to be executed within 36 months. The total contract value is Rs 1,096.17 crore, with IRCON's share being Rs 285 crore. The project is a joint venture with BRC, with IRCON holding a 26% share and BRC holding a 74% share. IRCON International is a Navratna, public sector enterprise and a leading turnkey construction company in the public sector. Its core competence lies in railways and highways. IRCON has widespread operations in several states in India and other countries (Malaysia, Nepal, Bangladesh, South Africa, Algeria, Myanmar and Sri Lanka). IRCON International's consolidated net profit dropped 64.81% to Rs 86.10 crore while revenue from operations declined 10.81% to Rs 2,612.86 crore in Q3 December 2024 over Q3 December 2023. Powered by Capital Market - Live

Revenue from operations declined 10.81% to Rs 2,612.86 crore during the quarter, compared to Rs 2,929.54 crore in the same quarter last year. Profit from operations before tax stood at Rs 131.82 crore in Q3 FY25, down 57.99%, compared with Rs 313.79 crore recorded in the same quarter last year. EBITDA was Rs 218.3 crore in Q3 FY25, down 42.26% from Rs 378.1 crore in Q3 FY24. The company's EBITDA margin stood at 8.1% in Q3 FY25. The company's revenue from international customers fell 3.21% YoY to Rs 80.49 crore in Q3 FY25, while revenue from domestic customers decreased 11.03% YoY to Rs 2,532.37 crore in the same quarter. As of 31 December 2024, the company's total order book is Rs 21,939 crore, with Rs 17,075 crore for railways, Rs 4,775 crore for highways, and Rs 89 crore for others. Meanwhile, the company's board declared an interim dividend of Rs 1.65 per equity share for FY24-25, with the record date set for 17 February 2025. On a 9-month basis, the company's net profit fell 24.43% to Rs 516.05 crore on 15.8% decline in revenue from operations to Rs 7,347.51 crore in 9M FY25 over 9M FY24. Ircon International is a public sector construction company with an emphasis on infrastructure projects, with a specialization in the execution of railway projects on a turnkey basis and otherwise. After commencing business as a railway construction company, it diversified progressively to roads, buildings, electrical substations and distribution, airport construction, commercial complexes, as well as metro rail works.Powered by Capital Market - Live

Ircon International announced that the Board of Directors of the Company at its meeting held on 11 February 2025, inter alia, have recommended the interim dividend of Rs 1.65 per equity Share (i.e. 82.5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Ircon International declined 64.61% to Rs 86.59 crore in the quarter ended December 2024 as against Rs 244.64 crore during the previous quarter ended December 2023. Sales declined 10.81% to Rs 2612.86 crore in the quarter ended December 2024 as against Rs 2929.54 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales2612.862929.54 -11 OPM %5.058.83 - PBDT162.34340.90 -52 PBT131.82313.79 -58 NP86.59244.64 -65 Powered by Capital Market - Live

Ircon International (IRCON) has been awarded an EPC contract (Package No-04) in JV (AMRIL (74%) -IRCON (26%)) through Letter of Acceptance by Office of the Project Director, Externally Aided Projects (EAP), Public Works Department (PWD), Manipur. The project worth Rs 531.90 crore (Ircon's share - Rs 138.29 crore) entails the construction of Rigid Pavement and Lined Drain of Selected Roads under Highway South Division ' Package 4: Total Road Length ' 111.182 km. Powered by Capital Market - Live

Ircon International will hold a meeting of the Board of Directors of the Company on 11 February 2025.Powered by Capital Market - Live

Ircon International announced that Anand Bhatia, Addl. Member (CE), Railway Board [DIN:10937265] has been appointed as Government Nominee (Part Time Official) Director of the Company with effect from 4 February, 2025 (the date of allotment of DIN) till he holds the post of Addl. Member (CE), Railway Board or further orders, whichever is earlier.Powered by Capital Market - Live

Ircon International has fixed 17 February 2025 as record date for interim dividend for FY 2024-25, if declared. Powered by Capital Market - Live

Ircon International has been awarded an EPC contract worth Rs 631.20 crore in JV (AMRIL (74%) -IRCON (26%)) through Letter of Acceptance by Office of the Project Director, Externally Aided Projects (EAP), Public Works Department (PWD) Manipur. The company's share in the project is Rs 164.11 crore. The contract involves construction of rigid pavement and lined drain of selected roads under Imphal East Division (ED - 2) - Package 3: Total Road Length - 122.209 km. Powered by Capital Market - Live

Ircon International announced that Alin Roy Choudhury, Chief General Manager (Finance) has been appointed as Chief Financial Officer and Key Managerial Personnel and Chief Investor Relation Officer of IRCON with effect from 1 January 2025. Powered by Capital Market - Live