IRCON International tumbled 5.23% to Rs 203.85 after the company's consolidated net profit decline 17.90% to Rs 205.9 crore in Q2 FY25 as against Rs 250.8 crore posted in Q2 FY24.
Revenue from operations slipped 19.31% to Rs 2,447.52 crore during the quarter as compared with Rs 3,033.27 crore posted in corresponding quarter last year.Profit from operations before tax stood at Rs 262.3 crore in Q2 FY25, down 20.12% as compared with Rs 328.4 crore recorded in same quarter last year.
EBITDA was at Rs 342.8 crore in the second quarter of FY25, down 12.64% as against Rs 392.4 crore posted in Q2 FY24. The companys EBITDA margin stood at 13.5% in Q2 FY25.
The company's revenue from international customers tumbled 53.03% year on year to Rs 92.83 crore in Q2 FY25, while revenue from domestic customer declined by 16.95% YoY to Rs 2,354.69 crore posted in Q2 FY25.
As on 30 September 2024, the companys total order book stands at Rs.24,253 crore.
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On half year basis, the companys net profit fell 1.87% to Rs 4,29.95 crore on 18.32% declined in revenue from operations to Rs 4,734.65 crore in H1 FY25 over H1 FY24.
Ircon International is a public sector construction company, with emphasis on infrastructure projects, with specialization in execution of Railway projects on turnkey basis and otherwise. After commencing business as a railway construction company, it diversified progressively to roads, buildings, electrical substation and distribution, airport construction, commercial complexes, as well as metro rail works.
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