Ircon International Limited — Updates, 11-02-2025: Press Release

Ircon International Limited has reported its financial results for the quarter and nine months ended December 31, 2024.

**Financial Highlights:** In Q3FY25, total income decreased to Rs.2,691.9 crore from Rs.3,011.9 crore YoY, while revenue from operations fell to Rs.2,612.9 crore from Rs.2,929.5 crore. EBITDA was Rs.218.3 crore with an EBITDA margin of 8.1%, down from Rs.378.1 crore in Q3FY24. Profit Before Tax and Profit After Tax declined significantly, standing at Rs.131.8 crore and Rs.86.1 crore respectively, compared to Rs.313.8 crore and Rs.244.7 crore YoY. For the nine-month period, total income decreased to Rs.7,615.8 crore from Rs.8,976.5 crore.

**Strategic Initiatives and Growth Drivers:** The company remains well-positioned to leverage India's infrastructure growth, driven by government initiatives aimed at enhancing transportation infrastructure through projects like PM Gati Shakti and the National Logistics Policy.

**Business Developments:** The total order book as of December 31, 2024, is Rs.21,939 crore, indicating strong ongoing engagement in diverse sectors including railways and highways.

**Investor Implications:** Despite a challenging quarter, the positive outlook on infrastructure development presents opportunities for growth. Investors should note the potential in the expanding market and government support for upcoming projects.