IRCON International share price rises amid market crash on THIS order book update

Stock Market today: IRCON International share price gained in the morning trade on Monday, June 2, despite a stock market crash following an order book update.

IRCON International Order Book Update

IRCON International informed the exchanges on May 31, 2025, about receiving a Letter of Acceptance (LOA) from East Central Railway of the Indian Railway.

East Central Railway has invited IRCON International for an Engineering, Procurement, and Construction (EPC) project to build the New BG Rail Bridge (2x32.086mtre Open Web Steel Girder + 33x122.0m Open Web Steel Girder) with a double line track substructure and a single line track superstructure across the Ganga between the stations of Bikramshila and Katareah as part of a new railway line project, the company said in a filing to the exchanges.

The domestic work contract received by IRCON International has a time period of 1,460 days by which the order or contract has to be executed by the company. Broad consideration of the order received by IRCON International from East Central Railway of the Indian Railway stands at ₹1068.35 crore.

IRCON Q4 Results

The public sector undertaking (PSU), under the Ministry of Railways, announced its March quarter earnings earlier this month, wherein it reported a 14% year-on-year (YoY) decline in its consolidated net profit for the March quarter of the financial year 2024-25 (Q4 FY25).

The profit stood at ₹212 crore in the quarter under review, compared with ₹247 crore in the corresponding period a year ago.

The Navratna PSU firm's revenue from operations declined 10% YoY to ₹3,412 crore in Q4 FY25 from ₹3,787 crore in the same period last year.

IRCON International share price movement

IRCON International share price opened at ₹194.20 on the BSE on Monday. At the time of opening, IRCON International share price was up almost 1.8% compared to the previous session's closing price of ₹190.80. IRCON International share price thereafter gained to intraday highs of ₹180, which means gains of almost 4% during the morning trades. The rally in IRCON shares was visible despite a crash in the Indian stock market. Both BSE Sensex and NSE Nifty lost 0.80% in trade today.

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