Ircon International Ltd's Q3FY25 Quarterly Results

Result Summary

• Ircon International Ltd reported a 9.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 10.6%.
• Its expenses for the quarter were up by 16.4% QoQ and down 6.1% YoY.
• The net profit decreased 57.4% QoQ and decreased 64.8% YoY.
• The earnings per share (EPS) of Ircon International Ltd stood at 0.9 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Ircon International Ltd is a prominent player in the infrastructure sector, primarily engaged in the construction and development of transportation infrastructure. This includes railway construction, roads, highways, and bridges, among other projects. The company operates largely under the public sector, with a significant share of its projects being government-backed. Ircon International has established a substantial presence both domestically and internationally, executing projects across various countries. As of the latest updates available, there are no specific major developments announced that would impact the company's operations significantly. However, the company continues to expand its portfolio and enhance its capabilities in infrastructure development.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Ircon International Ltd reported a total income of ₹2691.90 crores. This represents an increase of 9.7% quarter-over-quarter (QoQ) from ₹2454.68 crores in Q2FY25. However, there is a year-over-year (YoY) decline of 10.6% compared to ₹3011.88 crores in Q3FY24. Such fluctuations in revenue can be indicative of varying project completions and new contract acquisitions. The data highlights the variation in revenue generation across different quarters and years, reflecting seasonal or project-based influences on the company's earnings.

Profitability

The profitability metrics for Ircon International Ltd demonstrate a notable decline in the third quarter of fiscal year 2025. The Profit Before Tax (PBT) stood at ₹124.48 crores, showing a decrease of 49.9% QoQ from ₹248.67 crores in Q2FY25, and a 55.0% YoY decline from ₹276.68 crores in Q3FY24. Profit After Tax (PAT) also decreased significantly to ₹86.10 crores in Q3FY25, down by 57.4% QoQ and 64.8% YoY. Earnings Per Share (EPS) followed a similar trend, dropping to ₹0.90, a decline of 57.1% QoQ and 65.4% YoY. These figures indicate a reduction in net profitability for the period under review.

Operating Metrics

The total expenses for Ircon International Ltd in Q3FY25 amounted to ₹2567.42 crores, which is an increase of 16.4% QoQ from ₹2206.01 crores in Q2FY25. Compared to the same quarter in the previous year, there was a YoY decrease of 6.1% from ₹2735.20 crores in Q3FY24. The tax expense for Q3FY25 was ₹45.72 crores, slightly reduced by 1.6% QoQ from ₹46.45 crores, and a more substantial decrease of 33.8% YoY from ₹69.09 crores. This data provides insights into the company's cost management and tax liabilities over the reviewed periods, reflecting the operational and fiscal adjustments made during the quarter.