Revenue from operations in the reporting period also declined 11% year-on-year (YoY) to Rs 2,613 crore. It was Rs 2,929 crore in the same period of last year.
The company’s board has also approved an interim dividend of Rs 1.65 per share of Rs 2 per share face value. The record date for the purpose of payment of interim dividend for the financial year 2024-25 would be February 17 and same will be paid from February 28.
EBITDA during the third quarter wad down to Rs 218.3 crore, as compared to Rs 378.1 crore in Q3FY24. The company’s EBITDA margin stood at 8.1%
Profit Before Tax for the October-December 2024 quarter also fell significantly to Rs 131.8 crore in Q3FY25 as against Rs 314 crore in Q3FY24.
The total order book stood at Rs 21,939 crore, as on December 2024. The break-up is as follows: Rs 17,075 crore from Railways, Rs 4,775 crore from Highways and the rest Rs 89 crore comprise orders from other industries.Ircon said the infrastructure sector in India looks promising and undergoing significant transformations, driven by government initiatives, private sector participation, and rapid urbanization.”India is on a path to expand its transportation infrastructure, with significant focus on roadways, railways, and airports. The government is driving infrastructure development through strategic initiatives, such as PM Gati Shakti, the National Logistics Policy, Bharatmala and Sagarmala Projects, Pradhan Mantri Awas Yojana, and the Smart Cities Mission,” the company said in a release.
Under PM Gati Shakti, three major railway corridor programs have been announced to enhance logistics efficiency and reduce operational costs. Additionally, urban transformation initiatives like Metro Rail and NaMo Bharat are set to boost public transit infrastructure.
These government initiatives are likely to create favorable conditions for growth in the infrastructure sector, which the company is well-positioned to capitalize on.
On Tuesday, Ircon shares closed nearly 5% lower at Rs 179.6 on NSE.
