Ircon International Q4 results: Net profit down 3.8% YoY to ₹247 crore, announces dividend of ₹1.30

livemint.com:

IRCON International, which is the Indian engineering & construction corporation under the Railways Ministry, announced its financial results on Tuesday for the quarter ending on March 31, 2024. The engineering and construction company posted a marginal 3.8 per cent decline in its consolidated net profit to ₹246.8 crore for the March quarter from ₹256.49 crore same period a year ago. Also read: BHEL Q4 Results: Net profit drops 25% to ₹489 crore, revenue up marginally; dividend declared Whereas, the company reported an overall 19 per cent increase in net profit to ₹929 crore for the year-ended FY24.

On the other hand, consolidated revenue for the operations for the March quarter (Q4 FY24) also declined a per cent to ₹3,742.71 crore versus ₹3,780.66 crore last year same period. The company's EBITDA reached ₹424 crore, marking a 14.7 per cent increase from ₹370 crore in Q4FY23. This growth reflects the company's improving financial health and operational efficiency.

Additionally, the EBITDA margin was recorded at 10.9 per cent, indicating a stable profitability ratio and efficient cost management during the period. In the fourth quarter of FY24, the total income was ₹3,894 crore, slightly down from ₹3,954 crore in the same period the previous year, Q4FY23. As of March 31, 2024, the total order book stands at ₹27,208 crore.

This amount is distributed across various sectors, with the railways sector accounting for the largest portion at ₹21,158 crore. The highways sector follows with orders totaling ₹5,964 crore. Additionally, other sectors contribute ₹86 crore to the overall order book.