The shares of the prominent railway company gained up to 3 percent in today’s trading session after the company bagged a significant work order from South Western Railway worth Rs 253 crore.
With a market capitalization of Rs 17,959.15 crore, the shares of IRCON International Ltd were trading at Rs 190.95 per share, increasing around 1.41 percent as compared to the previous closing price of Rs 188.30 apiece.
The shares of IRCON International Ltd have seen bullish movement after bagging a significant work order from South Western Railway worth Rs 253 crore for survey, design, supply, installation, testing, and commissioning of KAVACH equipment and other associated works over 778 RKM of Bengaluru and Mysuru Divisions of South Western Railway.
Recently, the company bagged a significant work order from North Western Railway for the provision of Remote Diagnostic & Predictive Maintenance System in RE-MD Section of Jaipur Division, MD-PNU Section of Ajmer Division, RE-BTI Section of Bikaner Division, MTD-LUNI Section of Jodhpur Division. The order is valued at Rs 51.61 crore. This will be executed within 24 months from the date of the LOA’s issue.
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Financial & operational Highlights
Looking forward to the company’s financial performance, revenue decreased by 11 percent from Rs 2,930 crore in Q3FY24 to Rs 2,613 crore in Q3FY25. During the same period, net profits plummeted by 64 percent from Rs 245 crore to Rs 86 crore.
As of December 31, 2024, IRCON’s order book stands at Rs 21,939 crore. Railways account for 78 percent of the orders, with 90 percent from domestic projects. About 53 percent of the orders were secured through competitive bidding, while 47 percent were via nomination. Highways and international orders form smaller shares.
IRCON’s strategic focus remains on core segments like railways and roads, with an increasing shift toward EPC road projects. The company aims to diversify project types to suit market conditions.
Ircon International Limited is an India-based integrated engineering and construction company. The Company operates in infrastructure sectors, including railways, highways, bridges, flyovers, tunnels, metro, railway electrification, extra high voltage sub-stations, electrical and mechanical works, commercial and residential buildings, and railway production units, amongst others.
Written by Abhishek Singh
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