Q4 net profit: Ircon International sees a rise of 15%

22 May 2024 CW Team

Ircon International announced that, for the March 2024 quarter, its earnings after tax increased by 15.1% to Rs 2.85 billion. According to a statement from Ircon International, the company recorded a profit after tax (PAT) of Rs 2.48 billion for the March quarter of 2022?23.

From Rs 7.65 billion in FY23 to Rs 9.30 billion in FY24, profit after tax climbed by 21.5%. The company's total sales increased by 0.6% to Rs 37.96 billion from Rs 37.73 billion in the same period last year. The business had a total order book of Rs 272 billion as of March 31, 2024. A final dividend of Rs 1.30 per equity share on a face value of Rs 2 per share has been proposed by the company's board for FY24. State-owned Ircon International Ltd. is a leading turnkey construction company. The company has executed projects in the areas of railway construction, including ballastless track, electrification, tunnelling, signalling, and telecommunication.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..