Railway PSU IRCON Declares 64.81% Drop In PAT, Rs 1.65/Sh Dividend

Leading Navratna public sector undertaking (PSU) IRCON International Ltd shares today slipped 4.87% to settle at Rs 179.75 per share on Bombay Stock Exchange (BSE) as Sensex fell 1018.20 to 76,293.60. The PSU today reported a steep decline of 64.81% year-on-year (YoY) in its consolidated profit after tax (PAT) to Rs 86.1 crore for Q3FY25 as against Rs 244.7 crore declared in the Q3FY24.

The company also recommended an interim dividend of Rs 1.65 per equity share of the face value of Rs 2/- each for the financial year 2024-25.The company’s market cap is Rs 16,905.77 crore. It offers a return of equity (ROE) at 14.09%. Check more details below:

Top Railway PSU IRCON Declares 64.81% Drop In PAT, Rs 1.65/Sh Dividend

IRCON International Ltd Recommends Interim Dividend

As per the exchange filing of IRCON International Ltd dated February 11, 2025, “declared an interim dividend of Rs.1.65 per equity share on the face value of Rs.2/- each (82.50% of the paid-up equity share capital) for the financial year 2024-25.”

IRCON International Sets Record Date For Interim Dividend

The exchange filing added, “Further, as informed vide our letter dated 4th February, 2025 submitted to Stock Exchanges, pursuant to Regulation 42 of SEBI (LODR) Regulations, 2015, the record date for the purpose of payment of Interim Dividend for the financial year 2024-25 would be Monday, 17th February, 2025. The Interim Dividend will be paid from Friday, 28th February, 2025 onwards.”

IRCON Dividend History

It recommended a total of 31 dividends since July 30, 2002. In last 1-year, Ircon recommended an equity dividend amounting to Rs 3.10 per share. At the current share price of Rs 179.75, Ircon offers a dividend yield of 1.72%.

IRCON International Declares Q3 Results

The company declared its consolidated total income of Rs 2,691.9 crore for Q3FY25, down 10.62% as against Rs 3,011.9 crore announced in the corresponding quarter of last year. It declared its consolidated revenue from operations for the quarter under review at Rs 2,612.9 crore as compared to Rs 2,929.5 announced in the similar quarter of last year. According to the BSE filing, “EBITDA was Rs.218.3 crore, as compared to Rs.378.1 crore in Q3FY24. The Company’s EBITDA margin stood at 8.1%. EPS for the quarter (not annualized) stands at Rs.0.92 per equity share of the face value of Rs.2/- per share.”

IRCON International Shares Performance

Shares of IRCON witnessed steep decline in last 6-months and trading 2.5% away from 52-week low price of Rs 175.25 per share, if today’s last trading price of Rs 179.75 is taken into consideration. The 52-week high price of IRCON on BSE is 351.65 per share (as on 15/07/2024) and 52-week low price is Rs 175.25 per share (as on 14/03/2024), respectively. IRCON International share fell 17.53% year-to-date (YTD), slipped 32.09% in last 6-months, and declined 19.18% in last 1-year. In last 2-year, IRCON International stock offered return of 226.23% and surged 300.78% in last 3-years.

Disclaimer: The story highlights Q3 results, dividend, and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.