BAJAJ BROKING
IRCON International, in a joint venture with Badri Rai and Company, secured a Rs.1,096.17 crore EPC contract for the Meghalaya Secretariat Complex project. IRCON holds a 26% share worth Rs.285 crore. IRCON International share price closed at Rs.138.25, down 1.53%.
State-owned IRCON International has won a Rs.285 crore share in a Rs.1,096.17 crore Engineering, Procurement, and Construction contract for the construction of a new Secretariat Complex in Meghalaya. The contract, awarded by the Directorate of Urban Affairs, Government of Meghalaya, was secured in a joint venture with Badri Rai and Company. IRCON holds a 26% stake in the project, while BRC holds the remaining 74%. The project includes campus infrastructure and is scheduled for completion in 36 months.
Also read: Tata Motors Incorporates Digital.AI Labs to Expand in IT Sector
IRCON secures Rs.285 crore share in a Rs.1,096.17 crore EPC contract
Project involves constructing a new Secretariat Complex in New Shillong City
Joint venture with Badri Rai and Company, with IRCON holding a 26% stake
Completion timeline set at 36 months
IRCON International share price closed at Rs.138.25, down 1.53% on March 17, 2025
Also read: Manappuram Finance Board to Consider Fundraising Proposals on March 20
For the third quarter of FY25, IRCON International reported a 65% drop in net profit to Rs.86 crore compared to Rs.244 crore in the same quarter last year. The company’s revenue from operations declined by 10%, falling to Rs.2,612.86 crore from Rs.2,929.54 crore in Q3FY24. EBITDA also fell to Rs.218.3 crore from Rs.378.1 crore, with the EBITDA margin shrinking to 8.1%. As of December 31, 2024, IRCON's total order book stood at Rs.21,939 crore.
Financial Metric | Q3 FY25 | Q3 FY24 | Change |
Net Profit | Rs.86 crore | Rs.244 crore | -65% |
Revenue from Operations | Rs.2,612.86 crore | Rs.2,929.54 crore | -10% |
EBITDA | Rs.218.3 crore | Rs.378.1 crore | -42% |
EBITDA Margin | 8.1% | N/A | Decline |
Total Order Book | Rs.21,939 crore | N/A | - |
Despite securing the new order, IRCON International share price declined by 1.53% on March 17, 2025, closing at Rs.138.25. The company’s financial performance in the third quarter reflected lower profitability and revenue, but its strong order book of Rs.21,939 crore suggests future growth potential. Investors will monitor the execution of the Meghalaya project and IRCON’s ability to improve margins in upcoming quarters.
IRCON International continues to strengthen its order book with new project wins, including its Rs.285 crore share in the Meghalaya Secretariat Complex contract. While financial results showed a decline, the company’s ongoing projects may support future earnings and IRCON International share price trends.
Also read: Moody’s Affirms IndusInd Bank Ratings, Places BCA on Review for Downgrade
Do you have a trading account app or demat account app?
You can open an account with Bajaj Broking in minutes.
Download the Bajaj Broking app now from Play Store or App Store.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://www.bajajbroking.in/disclaimer
Share this article:
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading