{"id":106652,"date":"2023-08-09T18:34:19","date_gmt":"2023-08-09T13:04:19","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106652"},"modified":"2023-08-09T18:37:00","modified_gmt":"2023-08-09T13:07:00","slug":"railway-stock-jumps-7-after-company-reports-a-29-increase-in-net-profits","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/railway-stock-jumps-7-after-company-reports-a-29-increase-in-net-profits\/","title":{"rendered":"Railway stock jumps 7% after company reports a 29% increase in net profits"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-795104485\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The stocks of this small-cap company today made waves in the financial markets with a significant surge in its share price. The company&#8217;s stock experienced a high increase following the release of its latest results. This impressive performance has captured the attention of investors and the market.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1973360007\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h4 class=\"wp-block-heading\" id=\"h-ircon-international-ltd\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/IRCON\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">IRCON International Ltd<\/a><\/strong><\/h4><p>The company has a market capitalization of 10,011 Cr, which places it as a small-cap company. On Wednesday the company&#8217;s shares closed 7% higher at Rs. 106.45. The company&#8217;s stock records a new 52-week high of Rs. 110.20 on the same day.\u00a0It has generated a 173% multi-bagger return, making a 1 lakh investment one year ago now would be worth 2.73 lakhs.<\/p><p>As per the company filling, total revenue rose by 36.7% YoY basis from Rs. 2068 Cr in Q1 FY23 to Rs. 2828 Cr in FY24. EBITDA ( Earnings Before Interest and Tax Depreciation &amp; Amortization) increased by 32.4% YoY from Rs. 238 Cr in Q1 FY23 to Rs. 315 Cr in Q1 FY24.<\/p><p>Profit after Tax grew by 29% YoY from Rs. 145 Cr in Q1 FY23 to Rs. 187 Cr in Q1 FY24. The EPS of the company is 8.1 as on March 2023.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-951319847\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company\u2019s order book stood at 32,486 Cr as on June 2023. 72.7% of orders from the railways segment, 21.3% of orders from the highways segment and 6% of orders from other segments.<\/p><p>In this company, as of June 2023, promoters owned 73.18%, DIIs owned 1.06%, FIIs owned 5.17%, and the public owned a 20.59% stake in this company.<\/p><p>A division of Indian Railways, Ircon International Ltd. (Ircon) is a heavy construction contractor. Ircon specializes in creating highways, railroads, airports, and runways, as well as residential, industrial, and commercial structures. Additionally, it offers services including signal and telecommunications installations, locomotive and passenger car leasing, and railway electrification.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sheshadri N<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2693068308\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The stocks of this small-cap company today made waves in the financial markets with a significant surge in its share price. The company&#8217;s stock experienced a high increase following the release of its latest results. This impressive performance has captured the attention of investors and the market. IRCON International Ltd The company has a market [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":73343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10742,10744,10639,948,936,10743],"class_list":["post-106652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ircon-international-latest-news","tag-ircon-international-q1-results-2023","tag-ircon-international-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-ircon-international-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Railway stock jumps 7% after company reports a 29% increase in net profits - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The stocks of this small-cap company today made waves in the financial markets with a significant surge in its share price. 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