IRCON declares Rs 1.20 interim dividend, Q3 PAT declines
IRCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts less than Nifty Smallcap 250 and 0.5 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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IRCON International's board declared an interim dividend of Rs 1.20 per share (60 percent on face value of Rs 2) for FY 2025-26, with record date Feb 17 and payment from Feb 25. Standalone Q3 PAT fell to Rs 91.18 Cr from Rs 140.65 Cr year on year, while 9M PAT dropped to Rs 426.42 Cr from Rs 519.38 Cr. Consolidated 9M PAT declined to Rs 400.46 Cr from Rs 727.83 Cr. Auditor flagged emphasis of matter on joint ventures IRSDC and ISTPL.
Dividend is positive for shareholders, but sharp PAT decline and joint venture concerns on IRSDC and ISTPL may weigh on stock sentiment.