Ircon Q1 Results 2024 Total Income ₹2,180.48 Crores Net Profit ₹176.51 Crores

Ircon an Indian infrastructure company, recently released its Q1 financial results. For the quarter ending June 30, 2024, the company reported total income from operations of ₹2,180.48 crore. This is lower compared to the previous quarter's ₹3,648.98 crore and slightly higher than ₹2,625.64 crore from the same quarter last year.

Ircon’s net profit before tax and exceptional items for Q1 2024 was ₹234.31 crore. This figure was lower compared to ₹382.87 crore in the previous quarter but higher than ₹227.60 crore in Q1 2023. The net profit after tax for Q1 2024 stood at ₹176.51 crore, a decrease from ₹285.68 crore in the previous quarter and slightly up from ₹161.66 crore a year ago.

Ircon’s total comprehensive income for Q1 2024 was ₹176.84 crore, compared to ₹280.36 crore in the previous quarter and ₹162.17 crore a year earlier. The company's equity share capital remained unchanged at ₹188.10 crore. Other equity, excluding revaluation reserves, was ₹5,583.66 crore. Earnings per share for Q1 2024 were ₹1.88, consistent with the previous quarter.

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Ircon Q1 Results 2024

Ircon International recently announced its financial results for the first quarter (Q1) of 2024. The results highlight the company's solid performance during this period, showing growth in both income and profit.

The earnings per share (EPS) also showed growth, which is positive news for shareholders. This increase in EPS means that each share of the company is now worth more in terms of profit, making Ircon a more attractive investment.

Here’s a table summarizing Ircon’s key financial results for Q1 FY2024:

Ircon Financial Overview 

The Ircon table provides a financial snapshot. They have a market capitalization of ₹25,206 crore, reflecting its total market value. Its current stock price is ₹268, with a past year high of ₹352 and a low of ₹99. 

Here's the information:

Quarterly Results 

The Ircon table provides a clear snapshot of the financial performance over the quarters from June 2021 to June 2024. It includes key metrics like Sales, Expenses, Operating Profit, OPM%, Other Income, Interest, Depreciation, Profit Before Tax, Tax %, Net Profit, and EPS.

Here’s a summary of the key financial figures in a simplified table format for easier understanding:

About Ircon 

Ircon International commonly known as IRCON, is a government-owned construction company in India. It was established on April 28, 1976, by the Ministry of Railways under the name Indian Railway Construction Company. IRCON is known for its excellent work, strong commitment, and consistent performance in the construction sector. 

Ircon has grown to become a leading player in the public sector, with projects across various states in India and in several countries like Malaysia, Nepal, Bangladesh, Mozambique, Ethiopia, Afghanistan, the U.K., Algeria, and Sri Lanka.

IRCON specializes in infrastructure construction and offers a wide range of services in this area. Its main strengths are in building railways, highways, EHP sub-stations (which are involved in electrical engineering and construction), and Mass Rapid Transit Systems (MRTS). IRCON is known for taking on challenging projects, often working in difficult terrains and regions both in India and abroad.

IRCON has played a significant role in many important projects that contribute to the development of nations. The company has successfully completed more than 300 infrastructure projects in India and over 100 projects in more than 21 countries around the world.