IRCON International share price declines 9% to 52-week low post Q3 results. Do you own?

Stock Market Today: IRCON International share price declined more than 8% in the morning trade on Wednesday following its Q3 results. The PSU firm declared its earnings performance for the quarter ended December 2024 on Tuesday post-market hours.

IRCON International share price movement

IRCON International share price opened at ₹164.95 on the BSE on Wednesday, more than 8% lower than the previous closing price of ₹179.75. IRCON International share price thereafter dipped to intraday lows of ₹163.85, marking a decline of close to 9%. 

Notably, the intraday low for IRCON International shares also happened to be the 52-week low too.

The stock had hit a 52-week high of ₹351.65 in July, however, it has nearly halved from that value and is now trading at a 52-week low level.

IRCON International Q3 Results

On Tuesday, February 11, IRCON International had released its October-December quarter results for fiscal 2024-25 (Q3FY25), revealing a sharp decline of 65% in consolidated net profit to ₹86 crore from ₹244.70 crore during the same time the previous year.

In the third quarter of the current fiscal year (FY25), the state-run engineering and construction company's operating revenue dropped 10% to ₹2,612.86 crore from ₹2,929.54 crore in the same period last year. The order book stood at ₹21,939 crore at the end of Q3. The break-up of the same is as follows: ₹4,775 crore for highways, ₹17,075 crore for railways and ₹89 crore for others.

IRCON said its earnings before interest, tax, depreciation and amortisation (EBITDA) stood at ₹218.3 crore, lower than ₹378.1 crore in Q3FY24. The company’s EBITDA margin stood at 8.1% in Q3.

IRCON International dividend details

IRCON International approved an interim dividend of ₹1.65 per equity share of face value of ₹2.

The record date for the purpose of payment of the interim dividend for the financial year 2024-25 would be Monday, February 17, as per the company's filing on the exchange.

The interim dividend will be paid from Friday, February 28 onwards, IRCON said.

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