Shares of Ircon Worldwide Ltd plunged to a 52-week low of ₹159.61 on Wednesday, buying and selling down 6.92 per cent at ₹167.40 on the NSE at 10:50 AM, after the railway infrastructure firm reported a steep decline in its third-quarter income.
The Navratna PSU’s consolidated internet revenue fell 64.8 per cent to ₹86.1 crore in Q3FY25 from ₹244.7 crore in the identical quarter final 12 months. Complete earnings decreased to ₹2,691.9 crore from ₹3,011.9 crore year-on-year, whereas income from operations declined to ₹2,612.9 crore from ₹2,929.5 crore.
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The corporate’s EBITDA margin contracted to eight.1 per cent in Q3FY25, with EBITDA falling to ₹218.3 crore in comparison with ₹378.1 crore in Q3FY24. The Board of Administrators authorized an interim dividend of ₹1.65 per fairness share of face worth ₹2.
As of December 31, 2024, Ircon’s order ebook stood at ₹21,939 crore, with railways contributing ₹17,075 crore, highways ₹4,775 crore, and others ₹89 crore. The Ministry of Railways-controlled firm makes a speciality of railway development, together with ballastless monitor, electrification, tunneling, and sign & telecommunication, together with freeway development and different infrastructure initiatives.
