Shares of Ircon International LTD fell to a low 52 -week low on Wednesday and traded by 6.92 percent at £ 167.40 on the NSE at 10:50 am, after the company infrastructure company has a steep decline in its profit in the third quarter reported.
The consolidated net profit of the Navratna PSU fell by 64.8 percent to £ 86.1 Crore in Q3FY25 of £ 244.7 crore in the same quarter last year. The total income fell to £ 2,691.9 crore of £ 3,011.9 crore on an annual basis, while the turnover from activities fell to £ 2,612.9 crore of £ 2,929.5 crore.
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The EBITDA margin of the company locked up in Q3FY25 to 8.1 percent, with EBITDA dropping to £ 218.3 Crore compared to £ 378.1 Crore in Q3FY24. The board of directors approved an interim dividend of £ 1.65 per equity of nominal value £ 2.
As of December 31, 2024, the Ircon order book was £ 21,939 crore, with railways that contribute £ 17,075 crore, motorways £ 4,775 crore and other crore £ 89 crore. The Ministry of Railways controlled company specializes in railway construction, including ballastless track, electrification, tunneling and signal and telecommunications, together with highway construction and other infrastructure projects.
