Q4 2025 Ircon International Ltd Earnings Call Transcript
Key Points
- IRCON International Ltd (NSE:IRCON) reported a total revenue of INR11,131 crore for FY25, with a PAT of INR728 crore and core EBITDA of INR905 crore.
- The company has a strong order book of INR20,347 crore as of March 31, 2025, with 58% from competitive bidding and the rest from nomination basis.
- IRCON has diversified into new verticals such as Kavach, a train protection warning system, and signaling diagnostics, which are expected to provide significant growth opportunities.
- The company has received new orders worth INR1,150 crore in FY26 up to May 22, 2025, indicating a positive start to the new fiscal year.
- IRCON has recommended a final dividend of INR1 per equity share, bringing the total dividend for FY25 to INR2.65 per equity share, reflecting a commitment to returning value to shareholders.
- The operational performance for Q4 and FY25 was subdued due to the completion of major cost-plus jobs, a reduced order book, and one-off provisions or losses.
- The company faced increased competition in the sector, which has put pressure on margins, with an expected decline of 0.5% to 1% going forward.
- One-off items, such as a provision for LD in a job on DFTC amounting to INR108 crore and losses on projects like Chennai Metro, impacted financial results.
- Operational losses were incurred in some projects, such as a coal connectivity project in Chhattisgarh, which may continue until full project completion.
- Despite entering new verticals, the dominance of EPC orders with intense competition is expected to continue squeezing margins.
Good afternoon, everyone, and welcome to the Q4 and FY25 post-results earnings call of Ircon International Limited. I am Steve, the moderator for this conference call.
From the management side, we have with us Mr. Hari Mohan Gupta, CMD; Srimati Ragini Advani, Director, Finance; Mr. Alin Roy Choudhury, CGM, Finance and CFO; Mr. Ram Kumar Goyal, GM, Finance; and Sachin Garg, CGM, Investor Relations. Please note that this conference call is being recorded. (Operator Instructions)
I would like to remind you that some of the statements that will be made in today's discussion may be forward-looking in nature. It is subject to several risks and uncertainties, and the actual results could materially differ.
I would now like to hand the conference over to Mr. Hari Mohan Gupta, CMD, for the opening remarks; after which, we will have the forum open for interactive Q&A session. Thank you, and over to you, sir.
Thank you, Mr. Steve. Good afternoon, everyone. I'm Hari Mohan Gupta,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
