Ircon International Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
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Ircon International's board approved audited standalone and consolidated results for the quarter and year ended March 31, 2025. Standalone revenue from operations fell about 14.7% YoY to Rs 10,193.14 crore (from Rs 11,950.40 crore), while net profit after tax declined to Rs 737.59 crore from Rs 862.90 crore (~14.5% lower). Consolidated revenue slipped to Rs 10,759.58 crore and PAT to Rs 727.83 crore. Statutory auditors issued an un-modified opinion on both sets of results. The board recommended a final dividend of Rs 1.00 per share (50% on face value of Rs 2), in addition to the Rs 1.65 interim dividend already paid for FY25. Operating cash flow was negative on both standalone (Rs -171 crore) and consolidated (Rs -1,169 crore) bases, and the auditors flagged an emphasis-of-matter note on the liquidation of joint venture IRSDC.
Declining top line and bottom line, combined with negative operating cash flows, may weigh on near-term sentiment despite the healthy total dividend payout (Rs 2.65 per share). The un-modified audit opinion with only an emphasis-of-matter on IRSDC is reassuring on overall financial integrity.