Ircon International has made investment of Rs.5.40 crore in the equity shares of Ircon Bhoj Morbe Expressway (IrconBMEL), a wholly owned subsidiary of IRCON. Powered by Capital Market - Live

Ircon International announced the cessation of the following directors with effect from 08 November 2024: 1. Dipendra Kumar Gupta [DIN:09398271] 2. Ajay Kumar Chauhan [DIN:09394953] 3. Ranjana Upadhyay [DIN:07787711] Powered by Capital Market - Live

The key equity indices traded near flat line with negative bias in morning trade. The Nifty traded below the 24,200 level. Oil & gas shares extended losses for the second consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex shed 21.74 points or 0.03% to 79,520.05. The Nifty 50 index lost 13.20 points or 0.05% to 24,186.15. In the broader market, the S&P BSE Mid-Cap index fell 0.23% and the S&P BSE Small-Cap index declined 0.48%. The market breadth was negative. On the BSE, 1,613 shares rose and 2,003 shares fell. A total of 156 shares were unchanged. Result Today: Tata Motors (down 0.85%), Ashok Leyland (down 1.53%), State Bank of India (down 1.10%), MRF (down 0.58%), Welspun Corp (down 0.99%), Motherson Sumi Wiring India (down 0.43%), Fortis Healthcare (down 0.91%), Aarti Industries (down 0.68%), Metropolis Healthcare (up 0.13%), Dreamfolks Services (up 0.09%), Jupiter life Line Hospitals (up 0.92%), GE Vernova T&D (up 0.57%), India Cements (up 1.85%), Inox India (up 5.92%), Info Edge (down 0.80%), Orient Cement (down 0.99%), Piccadily Agro (up 2.54%), Premier Energies (up 1.95%), Puravankara (down 1.15%), Relaxo Footwears (down 0.98%), R Systems International (Q3) (down 0.25%), Safari Industries (up 1.11%), ZF Commercial (down 0.48%), Mrs. Bectors Food Specialities (up 0.21%) and Cholamandalam Financial (down 1.19%) will declare their result later today. Buzzing Index: The Nifty Oil & Gas index fell 1.40% to 11,292.55. The index slipped 2.07% in two consecutive trading sessions. Petronet LNG (down 3.43%), Gujarat Gas (down 2.94%), Oil India (down 2.93%), Hindustan Petroleum Corporation (down 2.71%), GAIL (India) (down 2.06%), Bharat Petroleum Corporation (down 2.03%), Gujarat State Petronet (down 1.61%), Indian Oil Corporation (down 1.46%), Reliance Industries (down 1.23%) and Oil & Natural Gas Corpn (down 0.98%) declined. Stocks in Spotlight: Ircon International dropped 4.79% after the company's consolidated net profit decline 17.90% to Rs 205.9 crore in Q2 FY25 as against Rs 250.8 crore posted in Q2 FY24. Revenue from operations slipped 19.31% to Rs 2,447.52 crore during the quarter as compared with Rs 3,033.27 crore posted in corresponding quarter last year. Mahanagar Gas added 0.05%. The company said that it will form a joint venture entity with International Battery Company for undertaking the manufacturing, promotion, marketing, distribution and sale of battery cells to customers in India. Rail Vikas Nigam (RVNL) fell 5.34% after the company reported 27.26% decline in consolidated net profit to Rs 286.89 crore in Q2 FY25 as against Rs 394.42 crore posted in Q2 FY24. However, revenue from operations decreased 1.20% YoY to Rs 4,854.95 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live

Revenue from operations slipped 19.31% to Rs 2,447.52 crore during the quarter as compared with Rs 3,033.27 crore posted in corresponding quarter last year. Profit from operations before tax stood at Rs 262.3 crore in Q2 FY25, down 20.12% as compared with Rs 328.4 crore recorded in same quarter last year. EBITDA was at Rs 342.8 crore in the second quarter of FY25, down 12.64% as against Rs 392.4 crore posted in Q2 FY24. The company's EBITDA margin stood at 13.5% in Q2 FY25. The company's revenue from international customers tumbled 53.03% year on year to Rs 92.83 crore in Q2 FY25, while revenue from domestic customer declined by 16.95% YoY to Rs 2,354.69 crore posted in Q2 FY25. As on 30 September 2024, the company's total order book stands at Rs.24,253 crore. On half year basis, the company's net profit fell 1.87% to Rs 4,29.95 crore on 18.32% declined in revenue from operations to Rs 4,734.65 crore in H1 FY25 over H1 FY24. Ircon International is a public sector construction company, with emphasis on infrastructure projects, with specialization in execution of Railway projects on turnkey basis and otherwise. After commencing business as a railway construction company, it diversified progressively to roads, buildings, electrical substation and distribution, airport construction, commercial complexes, as well as metro rail works.Powered by Capital Market - Live

Net profit of Ircon International declined 17.86% to Rs 205.95 crore in the quarter ended September 2024 as against Rs 250.73 crore during the previous quarter ended September 2023. Sales declined 18.06% to Rs 2447.52 crore in the quarter ended September 2024 as against Rs 2986.83 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2447.522986.83 -18 OPM %8.217.22 - PBDT290.10355.44 -18 PBT262.34328.36 -20 NP205.95250.73 -18 Powered by Capital Market - Live

Ircon International will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live

Ircon International will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live

IRCON International announced that it signed a Memorandum of Understanding (MoU) with Patel Engineering on 16th October, 2024 for collaboration and co-operation with each other to explore, identify, pursue and jointly execute mutually beneficial business opportunities in various infrastructure projects in India and Overseas. IRCON International is a public sector construction company, with emphasis on infrastructure projects, with specialization in execution of Railway projects on turnkey basis and otherwise. After commencing business as a railway construction company, it diversified progressively to roads, buildings, electrical substation and distribution, airport construction, commercial complexes, as well as metro rail works. On a consolidated basis, net profit of IRCON International rose 19.57% to Rs 224.02 crore on 17.25% decline in net sales to Rs 2287.13 crore in Q1 June 2024 over Q1 June 2023. Powered by Capital Market - Live

Ircon International announced that the Annual General Meeting (AGM) of the company will be held on 12 September 2024.Powered by Capital Market - Live

Net profit of Ircon International rose 19.57% to Rs 224.02 crore in the quarter ended June 2024 as against Rs 187.36 crore during the previous quarter ended June 2023. Sales declined 17.25% to Rs 2287.13 crore in the quarter ended June 2024 as against Rs 2763.84 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales2287.132763.84 -17 OPM %10.959.08 - PBDT309.28282.18 10 PBT281.81263.05 7 NP224.02187.36 20 Powered by Capital Market - Live