Q4 2024 Ircon International Ltd Earnings Call Transcript
Key Points
- IRCON International Ltd (BOM:541956) has been upgraded to Navratna status by DPE, reflecting strong financial performance and credibility.
- The company reported its highest-ever turnover and PAT for FY24, with total revenue reaching INR12,871 crores, up by 20% from the previous year.
- PAT increased by 21.5% to INR930 crores compared to INR765 crores in the previous year.
- Earnings per share rose to INR9.88 per equity share in FY24 from INR8.14 in FY23.
- The Board of Directors recommended a final dividend of INR1.3 per equity share, bringing the total dividend for the year to INR3.10 per equity share.
- The company expects flattish growth in revenue for the next financial year due to the current order book and market conditions.
- Margins are expected to remain stable but not increase due to intense competition and pressure on margins.
- One of the coal connectivity projects, CERL, is running into losses and is expected to continue incurring losses for another two years.
- The first quarter of the next financial year has seen a slowdown in order inflows due to elections, impacting the company's ability to provide a clear outlook.
- The company faces significant competition in bidding for new projects, which may affect its ability to secure new orders and maintain growth.
Good afternoon, ladies and gentlemen. I'm Steve, the moderator for this conference call. I thank everyone for joining us today for the Ircon International Limited Q4 and FY24 analyst conference call. Please note that this conference call is being recorded. (Operator Instructions)
Today we have with the senior management represented by Smt. Ragini Advani, Finance Director; Shri Alin Roy Choudhury, CGM Finance. 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 certain risks and uncertainties and actual results could materially differ. I would now like to hand the conference over to Smt. Ragini Advani, Finance Director for their opening remarks after we will have the forum open for interactive Q&A sessions. Thank you and over to you, ma'am.
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Thank you, Steve. Good afternoon, everyone. I am Ragini Advani, Director Finance, Ircon. On behalf of my
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