The Exchange had sought clarification from Ircon International Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed by SEBI The response of the Company is enclosed.
IRCON · price
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Awaiting price reaction for this filing.
Ircon International responded to an NSE query saying its FY25 (year ended March 31, 2025) financial results were filed in SEBI-prescribed format, but a standard explanatory note was inadvertently omitted. The company has now provided the missing note, clarifying that Q4 standalone figures represent the difference between audited full-year numbers and year-to-date figures up to Q3, and requested NSE to treat the observation as resolved. The attached results show standalone total income from operations declined to ₹10,193.14 crore (from ₹11,950.40 crore in FY24) and standalone net profit after tax fell to ₹737.59 crore (from ₹862.90 crore). Consolidated PAT also dropped to ₹727.83 crore from ₹929.51 crore. The Board has recommended a final dividend of ₹1 per share on a ₹2 face value, taking total FY25 dividend to ₹2.65 per share (including interim). The statutory auditors issued an unmodified opinion on both standalone and consolidated results, though they flagged an emphasis of matter regarding the liquidation of jointly controlled entity IRSDC.
This is primarily a procedural/formatting clarification and should not materially affect the stock. However, the underlying financials show a roughly 14-15% year-on-year decline in both revenue and profit, which investors should weigh against the consistent dividend payout.