Introduction:
Infra stock saw an 11.6% drop in total income and a 28.9% decrease in profit before tax for Q3 FY24. The net profit after tax plunged 65%, reflecting lower income and higher operational costs, highlighting challenges faced in the quarter.
Share Price movement of Ircon International:
On February 12, 2025, Ircon International Ltd opened at ₹163.33, reaching a high of ₹171.98 and a low of ₹159.61, down 9% from its previous close of ₹179.85. Currently, it is trading at ₹166.75, with a market cap of ₹15,683.10 crore.
Ircon International Q3 results:
For the quarter ended 31st December 2024, Ircon International reported a significant decrease in total income, falling by 11.6% from ₹2,792.14 crore in Q3 FY23 to ₹2,470.35 crore in Q3 FY24. This decline was mainly due to a decrease in revenue from operations.
The net profit before tax, after exceptional items, decreased by 28.9%, from ₹248.67 crore in Q3 FY23 to ₹176.81 crore in Q3 FY24. Despite lower expenses, reduced income and higher operational costs led to the decrease in profit, contributing to a less favorable financial performance.
The company reported a sharp 65% decline in net profit after tax (PAT), dropping from ₹202.22 crore in Q3 FY23 to ₹140.65 crore in Q3 FY24. This significant decrease in PAT was driven by the combined impact of lower income and increased operational costs, highlighting challenges in the quarter.
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Stock performance of Ircon International for Period of 1 week, 6 months and 1 year:
Over the past week, the stock has declined by 7.37%. Over the last six months, it saw a drop of 32.6%. Looking at the yearly performance, the stock experienced a 14.7% decrease, reflecting a continuous negative trend in its performance.
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Shareholding pattern of Ircon International:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 65.17 | 65.17 | 65.17 |
| FII | 4.09 | 3.94 | 4.17 |
| DII | 1.44 | 1.63 | 2.9 |
| Retail & others | 29.31 | 29.25 | 27.77 |
About Ircon International:
Ircon International Ltd is a leading infrastructure company, specializing in transportation, including railways, highways, and bridges. With a strong presence in India and internationally, the company is known for its expertise in construction, project management, and engineering services.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
