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Business News/ Companies / Company Results/  Ircon International Q4 results: Net profit down 3.8% YoY to 247 crore, announces dividend of 1.30
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Ircon International Q4 results: Net profit down 3.8% YoY to ₹247 crore, announces dividend of ₹1.30

Ircon International Q4 results: The engineering and construction company posted a marginal 3.8 per cent decline in its consolidated net profit to ₹246.8 crore for the March quarter from ₹256.49 crore in the same period a year ago.

Ircon International Q4 resultsPremium
Ircon International Q4 results

Indian Railway Construction International Limited or IRCON International, which is the Indian engineering & construction corporation under the Railways Ministry, announced its financial results on Tuesday for the quarter ending on March 31, 2024.

The engineering and construction company posted a marginal 3.8 per cent decline in its consolidated net profit to 246.8 crore for the March quarter from 256.49 crore same period a year ago.

Also read: BHEL Q4 Results: Net profit drops 25% to 489 crore, revenue up marginally; dividend declared

Whereas, the company reported an overall 19 per cent increase in net profit to 929 crore for the year-ended FY24. 

Ircon International Q4 FY24 operating performance

On the other hand, consolidated revenue for the operations for the March quarter (Q4 FY24) also declined a per cent to 3,742.71 crore versus 3,780.66 crore last year same period. 

The company's EBITDA reached 424 crore, marking a 14.7 per cent increase from 370 crore in Q4FY23. This growth reflects the company's improving financial health and operational efficiency. Additionally, the EBITDA margin was recorded at 10.9 per cent, indicating a stable profitability ratio and efficient cost management during the period.

In the fourth quarter of FY24, the total income was 3,894 crore, slightly down from 3,954 crore in the same period the previous year, Q4FY23.

As of March 31, 2024, the total order book stands at 27,208 crore. This amount is distributed across various sectors, with the railways sector accounting for the largest portion at 21,158 crore. The highways sector follows with orders totaling 5,964 crore. Additionally, other sectors contribute 86 crore to the overall order book.

Also read: Bengaluru's Kempegowda International Airport scraps plan to charge entry fee for vehicles accessing Terminals 1 and 2

The company also recommended final dividend of 1.30 per equity share on the face value of 2 per share. “BoD has recommended final dividend of Rs.1.30 per equity share on the face value of Rs.2 per share subject to approval of shareholders in ensuing Annual General Meeting (AGM). This final dividend is in addition to interim dividends of Rs.1.80 per equity share, as declared and paid earlier in FY24," IRCON said in the filing.

Ircon International share price closed Tuesday's trading session in green, up by 5.65 per cent at 289 per share, against previous close at 273.55 on Friday last week.

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Published: 21 May 2024, 06:49 PM IST
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