IRCON International’s share price to remain in focus in Wednesday’s trade as the company bagged a contract worth Rs 253.56 crore from South Western Railways. The order is for the installation, testing and commissioning of KAVACH equipment.
“Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [“SEBI (LODR) Regulations”], it is to inform that South Western Railway, Indian Railway has awarded the work to Ircon International Limited 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,” read an exchange filing.
The company announced the same after market hours on Tuesday. The share price of IRCON International on Tuesday closed the session 4.42% lower at Rs 188.62 on the National Stock Exchange.
Also, the Navratna public sector enterprise (PSU) will declare its quarterly earnings for the fourth quarter of the financial year 2024-25 on May 21. “…it is hereby informed that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, 21st May, 2025 to, inter-alia, consider & approve the Audited Financial Results (Standalone & Consolidated) for the quarter and year ended on 31st March, 2025…,” said the company in a regulatory filing.
IRCON International Q3 earnings
The turnkey construction company in the public sector posted a drop of 65% year-on-year in its net profit at Rs 86 crore in Q3 FY25, compared with a net profit of Rs 245 crore in the same quarter a year ago. Its revenue from operations fell 11% YoY to Rs 2,613 crore in the third quarter of the financial year 2024-25. It came at Rs 2,929 crore in the same period of the previous financial year.
IRCON International’s stock performance
The share price of IRCON International has risen 15.4% in the last five trading sessions. The stock has given a return of 15.7% in the past one month and 1.54% in the last six months. However, IRCON International’s share price has fallen 35% in the last one year.