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.

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