Ircon Share Price Dropped Over 4%: Released Q2 FY25 Results

Ircon International Limited, a Navratna public sector enterprise and a leading turnkey construction company under the Ministry of Railways, has announced its financial results for the second quarter (Q2) and half year (H1) ended September 30, 2024.

Key Financial Highlights for Q2 FY25

In Q2 FY25, the company reported a total income of ₹2,538.6 crore, a decrease from ₹3,136.3 crore in Q2 FY24. Revenue from operations during the quarter stood at ₹2,447.5 crore, compared to ₹3,033.3 crore in the same period last year.

The company’s EBITDA for Q2 FY25 was ₹342.8 crore, down from ₹392.4 crore in Q2 FY24. Despite the decline in EBITDA, the company maintained a solid EBITDA margin of 13.5%. Profit Before Tax (PBT) for the quarter was ₹262.3 crore, as against ₹328.4 crore in the corresponding quarter of FY24. Profit After Tax (PAT) was ₹205.9 crore, compared to ₹250.8 crore in Q2 FY24. The Earnings Per Share (EPS) for Q2 FY25, on a non-annualized basis, stood at ₹2.19 per equity share of ₹2 face value.

Performance for 1H FY25

For the half year ended September 30, 2024 (H1 FY25), Ircon reported a total income of ₹4,923.9 crore, lower than ₹5,964.6 crore in H1 FY24. Revenue from operations for H1 FY25 was ₹4,734.7 crore, compared to ₹5,797.1 crore in H1 FY24.

EBITDA for H1 FY25 was ₹700.2 crore, slightly down from ₹707.9 crore in H1 FY24, with an EBITDA margin of 14.2%. Profit Before Tax for H1 FY25 stood at ₹544.2 crore, compared to ₹591.4 crore in the previous year. Profit After Tax for the half-year was ₹430.0 crore, as against ₹438.2 crore in H1 FY24. The EPS for H1 FY25 was ₹4.57 per equity share of ₹2 face value.

Order Book Update

As of September 30, 2024, Ircon’s total order book stands at ₹ 24,253 crore. The order book is well-diversified across various sectors, with the breakdown as follows:

• Railways: ₹18,959 crore
• Highways: ₹5,210 crore
• Others: ₹84 crore

The strong order book reflects the company’s continued focus on expanding its business in key infrastructure sectors such as railways and highways.

On November 8, 2024, Ircon share price opened at ₹205.95 and touched the day low of ₹202.30 at 09:30 AM.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.