Page 3 - Ircon International
Ircon International reports Rs 34.46 crore net profit in June quarter
State-owned engineering and construction firm Ircon International Ltd on Tuesday reported a consolidated net profit of Rs 34.46 crore for the quarter ended June. It had clocked a consolidated net profit of Rs 144.66 crore in the corresponding period a year ago, it said in a regulatory filing. As per the filing, the results for the quarter are "not comparable with those of the previous quarters" as the company's revenue from operations for the quarter has reduced substantially due to nationwide lockdown imposed to contain the spread of COVID-19". Ircon's total income in the latest June quarter was at Rs 549.29 crore as against Rs 1,127.98 crore in the year-ago period. "The Company/Group is actively monitoring the impact of the COVID-19 pandemic on its financial condition, liquidity, operations, work force etc," it said, adding that revenue from operations for the quarter reduced substantially due to nationwide lockdown imposed to contain the spread of COVID-19. According to the ...
 "Ircon International reports Rs 34.46 crore net profit in June quarter")
Ircon marks 27% growth in Q4 profit at Rs 122 cr, turnover at Rs 1,788 cr
Earnings per share increased to Rs 13.02 in Q4 FY20 as compared to Rs 10.16 in Q4 FY19, it said in a statement late on Friday after the closing of market hours
Analysts cautious on railway stocks despite resumption in train services
Analysts believe the resumption of passenger train services is like a sentimental boost from the government and can give a short-term bounce to the stocks, an extension of lockdown may dent sentiment
 "Analysts cautious on railway stocks despite resumption in train services")
Ircon International surges 29% in three days on good Q3 results
The company's consolidated earnings before interest, tax, depreciation, and amortisation (Ebitda) margin improved to 12.7 per cent in Q3FY20
 "Ircon International surges 29% in three days on good Q3 results")
Ircon International settles 13% below its issue price on debut
The stock settled at Rs 412.95, 13% below its issue price of Rs 475 per share on the NSE.
 "Ircon International settles 13% below its issue price on debut")
Ircon International's IPO subscribed 27% on first day of the issue
Ircon's IPO is the second by a government-owned entity this financial year
 "Ircon International's IPO subscribed 27% on first day of the issue")
Ircon stake sale on course; govt plans to raise around Rs 6 billion
Ircon might have to speed up this procedure and wind up its AGM by August to go for its listing in September
 "Ircon stake sale on course; govt plans to raise around Rs 6 billion")
