Latest news with #IRCONInternational
Mint
21 hours ago
- Business
- Mint
IRCON International share price rise amid market crash on this order book update
Stock Market today: IRCON International share prices gained in the morning trades on Monday amid market crash on this order book update. Check details IRCON International intimated the exchanges on 31 May 2025, Saturday, about Receipt of Letter of Acceptance (LOA) from East Central Railway of the Indian Railway. In its intimation to the National Stock Exchange of India and the BSE or the Bombay Stock Exchange, the IRCON International said that East Central Railway, Indian Railway has awarded the work to Ircon International Limited for Engineering, Procurement and Construction (EPC) for Construction of New BG Rail Bridge (2x32.086m Open Web Steel Girder + 33x122.0 m Open Web Steel Girder) with Sub-structure of Double line Track and Superstructure of Single line Track across River Ganga between Bikramshila and Katareah Stations on New Railway Line Project invited by East Central Railway.
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Business Standard
6 days ago
- Business
- Business Standard
₹102-crore order lifts HBL Engineering share price 3%; key details inside
HBL Engineering share price: Battery and engineering solutions and services provider HBL Engineering shares rose up to 2.65 per cent to hit an intraday high of ₹579 per share. At 9:51 AM, HBL Engineering share price was trading 1.77 per cent higher at ₹574 per share. In comparison, Nifty50 was trading 0.21 per cent lower at 24,772.85 level. Why did HBL Engineering share price rise in trade today? HBL Engineering share price rose after the company announced that it has secured an order worth ₹101.55 crore from IRCON International. In an exchange filing, HBL Engineering said, 'IRCON International has issued letter of acceptances to HBL for provision of the Kavach in Bangalore and Mysore divisions of South Western Railway, across 85 stations covering 778 Kms and 2 (Two) locomotives.' According to the order details, the company will be responsible for 85 stations, covering 778 Kms and 2 (two) locomotives. The company said that the time allotted to complete the contract is 18 months. HBL Engineering Q4 results HBL Engineering reported a 44 per cent year-on-year (Y-o-Y) decline in consolidated net profit for the fourth quarter ended March 2025 (Q4FY25), coming in at ₹45 crore compared to ₹81 crore in the same period last year. Revenue from operations also saw a sharp drop, falling 22 per cent Y-o-Y to ₹475.57 crore from ₹610.08 crore in Q4FY24. About HBL Engineering HBL Engineering Limited, formerly known as HBL Power Systems Limited, is a diversified Indian engineering company with a strong focus on specialised batteries, power electronics, and spun concrete products. The company rebranded in November 2024 to reflect its broader engineering capabilities beyond power systems. ALSO READ | Founded in 1988 as a joint venture between A J Prasad and Nife, Sweden, HBL Engineering has grown into a key player in India's high-technology and engineering-intensive sectors, serving a wide array of industries including defense, aviation, railways, and telecommunications. The company's core business segments include the manufacturing of advanced batteries—such as lead-acid, nickel-cadmium, silver-zinc, and lithium variants—alongside cutting-edge power electronics and railway signaling solutions. HBL is also active in the construction sector through its spun concrete products and has made strides in electric mobility with electric drivetrain kits and EV chargers.
Business Standard
6 days ago
- Business
- Business Standard
HBL Engineering bags LoA for Kavach projects worth Rs 101 crore
HBL Engineering said that it has received letter of acceptances (LoA) from IRCON International for provision of the Kavach in Bangalore and Mysore divisions of South Western Railway, across 85 stations covering 778 kilometers and two locomotives. The contract has to be executed within a period of 18 months. The total value of the contract is Rs 101.55 crore. HBL Engineering (formerly known as HBL Power Systems) manufactures different types of batteries, including lead acid, nicad, silver zinc, lithium, and railway & defence electronics and other products. The company reported a consolidated net profit of Rs 64.61 crore in Q3 FY25, down 18.3% compared with Rs 79.04 crore in Q3 FY24. Revenue from operations fell 24.8% YoY to Rs 450.56 crore in Q3 FY25. The scrip had gained 1.59% to end at Rs 563.90 on the BSE today.
Business Standard
22-05-2025
- Business
- Business Standard
IRCON Intl drops as Q4 PAT slides 14% YoY to Rs 278 cr
IRCON International declined 2.08% to Rs 185.80 after the company's consolidated net profit dropped 14.14% to Rs 211.78 crore in Q4 FY25, compared to Rs 246.66 crore in Q4 FY24. Revenue from operations declined 9.90% to Rs 3,412.07 crore during the quarter, compared to Rs 3,787 crore in the same quarter last year. Profit from operations before tax stood at Rs 263.05 crore in Q4 FY25, down 26.09%, compared with Rs 355.93 crore recorded in the same quarter last year. EBITDA was Rs 357.5 crore in Q4 FY25, down 15.68% from Rs 424 crore in Q4 FY24. The companys EBITDA margin stood at 10.17% in Q4 FY25. The company's revenue from international customers fell 54.19% YoY to Rs 82.69 crore in Q4 FY25, while revenue from international customers decreased 7.68% YoY to Rs 3,329.38 crore. As of 31 March 2025, the company's total order book stood at Rs 20,347 crore. The railways segment contributed Rs 15,435 crore, the highways segment contributed Rs 4,541 crore, and the others segment contributed Rs 371 crore. On a full year basis, the companys consolidated net profit slipped 21.69% to Rs 727.83 crore on 14.01% decline in revenue from operations to Rs 10,759.58 crore in FY25 over FY24 Meanwhile, the board of directors has recommended a final dividend of Rs 1.00 per equity share of face value Rs 2/- each, subject to shareholders approval at the forthcoming annual general meeting. This is in addition to the interim dividend of Rs. 1.65 per equity share, which has already been approved and paid by the company. Ircon International is a public sector construction company with an emphasis on infrastructure projects, with a specialization in the execution of railway projects on a turnkey basis and otherwise. After commencing business as a railway construction company, it diversified progressively to roads, buildings, electrical substations and distribution, airport construction, commercial complexes, as well as metro rail works.
Economic Times
21-05-2025
- Business
- Economic Times
IRCON Q4 results: Cons PAT falls 14% YoY to Rs 212 crore, revenue down 10%
IRCON International on Wednesday reported a consolidated profit after tax (PAT) of Rs 212 crore in Q4FY25 as against Rs 247 crore reported in the year ago period, recording a 14% decline. The revenue from operations in the quarter ended March 31, 2025 stood at Rs 3,412 crore, down by 10% versus Rs 3,787 crore in the corresponding quarter of the previous financial year. ADVERTISEMENT The state-run company's total income in the quarter under review stood at Rs 3,515 crore versus Rs 3,894 crore reported in the year ago period. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) was reported at Rs 357 crore as compared to Rs 424.0 crore in Q4FY24. The company's EBITDA margin stood at 10.17%. The Profit Before Tax (PBT) was at Rs 263 crore in Q4FY25 as against Rs 356 crore in a sequential basis, PAT jumped 146% as against Rs 86 crore in Q3FY24 while the topline surged 31% over Rs 2,613 crore in board of directors of the company recommended a final dividend of Re 1 per equity share which is in addition to interim dividend of Rs 1.65 per equity share. ADVERTISEMENT The total income for FY25 stood at Rs 11,131 crore against Rs 12,870 crore in FY24 while net profit was recorded at Rs 728 crore in FY25 as against Rs 930 crore in EPS in FY25 stood at Rs 7.73 per equity share. ADVERTISEMENT The total order book as on March 31, 2025 stood at Rs 20,347 crore which includes orders worth Rs 15,435 crore in railways, Rs 4,541 crore in highways and Rs 371 crore as others. Also Read: IndusInd Bank Q4 Results: Lender reports Rs 2,329 crore loss, NII down 43% YoY (You can now subscribe to our ETMarkets WhatsApp channel)
