Ircon International shares slip 5% after railway PSU's mixed Q4 results

Ircon International share price, Ircon International Q4 results 2024: Ircon International shares on Wednesday, May 22 slipped nearly five per cent on D-Street after railway PSU staged a mixed Q4 show. Ircon International fell as much as 5.48 per cent to the day's low of Rs 273.85 on NSE. The counter closed 3.88 per cent lower at Rs 278.5 on NSE.

Ircon International Q4 results 2024

On Tuesday, Ircon International posted a 15.1 per cent growth in its profit after tax at Rs 285.68 crore during the March 2024 quarter. 

Profit after tax increased by 21.5 per cent to Rs 930 crore in FY24 as against Rs 765 crore in FY23. Total revenue of the company rose 0.6 per cent to Rs 3,796.59 crore from Rs 3,773.97 crore in the year-ago quarter. As on March 31, 2024, the company's total order book stood at Rs 27,208 crore. 

Ircon dividend 2024

Ircon International has recommended a final dividend of Rs 1.3 per equity share on a face value of Rs 2 per share for FY24.

"Recommended a final dividend of Rs.1.30 per equity share of face value of Rs.2/- each (65% of the paid-up equity share capital) for the financial year 2023-24, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company. The final dividend would be paid within 30 days from the date of its declaration at the AGM,"  the company' filing read.

What does Ircon International do?

State-owned Ircon International Ltd is a turnkey construction company. The company has executed projects in the areas of railway construction, including ballastless track, electrification, tunnelling, signal & telecommunication.

(with PTI inputs)

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