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HomeMarket NewsIRCON shares may react as PSU sees revenue drop for sixth straight quarter
At the end of the quarter, IRCON's total order book stood at ₹23,865 crore, of which the railways business comprised of orders worth ₹17,952 crore, highways comprised of ₹4,605 crore, while ₹1,308 crore belonged to other business.
Shares of railway PSU IRCON Ltd. will be reacting to their September quarter results on Thursday, November 13, which were lower on a year-on-year basis across parameters.
IRCON 's revenue declined by 19% from last year to ₹1,976 crore. The company's revenue growth declined for the sixth quarter in a row.
Net profit fell by a third, declining 33.7% from the same quarter last year to ₹136.5 crore from ₹205.9 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter declined by 29.6% on a year-on-year basis to ₹141.7 crore from ₹201 crore, while margins narrowed by 100 basis points to 7.2% from 8.2% in the year-ago period.
At the end of the quarter, IRCON's total order book stood at ₹23,865 crore, of which the railways business comprised of orders worth ₹17,952 crore, highways comprised of ₹4,605 crore, while ₹1,308 crore belonged to other business.
Shares of IRCON had ended 1.1% higher on Wednesday at ₹166.2. The stock is down 4% in the last one month and 24% so far in 2025. From its all-time high level of ₹351, which it had it in July 2024, the stock is down 52%.
