Ircon International Limited has informed the Exchange that Board of Directors at its meeting held on May 21, 2025, recommended Final Dividend of 1.00 per equity share subject to the approval of Shareholders in its ensuing Annual General Meeting.
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Ircon International Limited announced audited financial results for Q4 and FY ended March 31, 2025 (standalone and consolidated), approved at the board meeting on May 21, 2025. Standalone total income from operations fell to Rs. 10,193.14 crore from Rs. 11,950.40 crore in FY24, a decline of roughly 15%, while net profit after tax dropped to Rs. 737.59 crore from Rs. 862.90 crore, and EPS slipped to Rs. 7.84 from Rs. 9.17. Consolidated numbers also weakened, with total income at Rs. 11,131.03 crore (vs Rs. 12,870.52 crore) and PAT at Rs. 727.83 crore (vs Rs. 929.51 crore). The Board recommended a final dividend of Rs. 1.00 per equity share on a Rs. 2 face value (50% of paid-up capital), which combined with the interim dividend of Rs. 1.65 paid in February 2025, takes total FY25 dividend to Rs. 2.65 per share. The statutory auditor issued an unmodified (clean) opinion, with an emphasis of matter note regarding the ongoing liquidation of joint entity IRSDC. Shri Ajit Kumar Mishra, Director (Works), was also designated as a Key Managerial Personnel for five years.
The clear year-on-year decline in both revenue (~15%) and profit (~14-22% on consolidated basis) may weigh on the stock in the near term, but a total dividend of Rs. 2.65 per share provides a reasonable yield, and the clean audit opinion with a government-of-India shareholding offers comfort on stability.