IRCON International's Q2 earnings show a 44% increase in net profit to Rs 251 crore

10 Nov 2023 , 11:57 AM

In comparison to a net profit of Rs 174.2 crore during the same period last year, the Navratna business reported a 44% increase in net profit to Rs 250.8 crore in the September quarter of FY24.

In the second quarter of the current fiscal year, its consolidated total income climbed to Rs 3,136.3 crore from Rs 2,305.9 crore during the same period the previous year. As to the company’s BSE report, as of September 30, its total order book was Rs 32,152 crore. Under the Ministry of Railways, IRCON is involved in the railroad and highway industries.

On the BSE, IRCON shares ended the day slightly down at Rs 153.50 a share on Thursday.

Compared to Rs 2238.9 crore in the quarter under review, its operating revenue increased by 33.4% to Rs 2986.8 crore during the current quarter. From Rs. 276.9 crore in the September quarter of FY2023–24 to Rs 392.4 crore, its EBITDA grew by 41.7% YoY. The EBITDA margin for the company was 12.5%.

With a face value of Rs 2/-per share, its earnings per share (EPS) was Rs 2.67. As of September 30, its total order book was Rs 32,152 crore. For the reviewed quarter, railways turned out to be the company’s most profitable division. It had Rs 23,651 crore worth of orders in it. Highways accounted for Rs 6,535 crore, while other segments brought in Rs 1,966 crore.

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