Shares of Ircon International Ltd plunged to a 52-week low of ₹159.61 on Wednesday, trading down 6.92 per cent at ₹167.40 on the NSE at 10:50 AM, after the railway infrastructure company reported a steep decline in its third-quarter profits.

The Navratna PSU’s consolidated net profit fell 64.8 per cent to ₹86.1 crore in Q3FY25 from ₹244.7 crore in the same quarter last year. Total income decreased to ₹2,691.9 crore from ₹3,011.9 crore year-on-year, while revenue from operations declined to ₹2,612.9 crore from ₹2,929.5 crore.

The company’s EBITDA margin contracted to 8.1 per cent in Q3FY25, with EBITDA falling to ₹218.3 crore compared to ₹378.1 crore in Q3FY24. The Board of Directors approved an interim dividend of ₹1.65 per equity share of face value ₹2.

As of December 31, 2024, Ircon’s order book stood at ₹21,939 crore, with railways contributing ₹17,075 crore, highways ₹4,775 crore, and others ₹89 crore. The Ministry of Railways-controlled company specializes in railway construction, including ballastless track, electrification, tunneling, and signal & telecommunication, along with highway construction and other infrastructure projects.

Published on February 12, 2025