
MARKET ARCHIVE
February 12, 2025 at 04:15 AM
*Ircon International Q3FY24 Results*
- *Net Profit:* ₹86 crore, down *65% YoY* (₹245 crore last year)
- *Revenue:* ₹2,613 crore, down *11% YoY* (₹2,929 crore last year)
- *Profit Before Tax (PBT):* ₹131.8 crore, down from ₹314 crore
- *EBITDA:* ₹218.3 crore vs. ₹378.1 crore, with margins at *8.1%*
- *Order Book:* ₹21,939 crore (remains strong)
- *Dividend:* Interim dividend of *₹1.65 per share* announced
Following the weak earnings, Ircon’s stock dropped *8.8%* intraday, hitting a low of ₹163.85 on BSE.