Q1 2025 Ircon International Ltd Earnings Call Transcript
Key Points
- IRCON International Ltd (BOM:541956) reported a total revenue of INR2,385 crores in Q1 FY25, with a PAT of INR224 crores, marking a 20% increase compared to the same quarter last year.
- Core EBITDA increased marginally to INR259 crores from INR251 crores in Q1 FY24.
- Earnings per share rose to INR2.38 in Q1 FY25 from INR1.99 in Q1 FY24.
- The company has a robust order book of about INR26,000 crores as of June 30, 2024, with 51% of orders on a competitive basis.
- IRCON International Ltd (BOM:541956) is actively bidding for new projects and expects to secure orders worth INR4,000 crores to INR5,000 crores soon.
- The company experienced a decline in revenue in Q1 FY25 due to the nearing completion of large projects and adverse geographical factors like excessive rainfall.
- International revenue has declined, particularly due to issues in countries like Bangladesh.
- The order book has decreased from INR44,000 crores to INR26,000 crores, indicating a significant drop in new orders.
- The company may need to engage in aggressive bidding to secure new orders, potentially impacting future margins.
- Nomination-based orders from Indian Railways have ceased, which could affect the company's order book in the long term.
Ladies and gentlemen, good day, and welcome to the post result earnings call of Ircon Limited conference call hosted by Antique Stock Broking. (Operator Instructions) Please note that this conference is being recorded.
And I hand the conference over to Mr. Vishal Periwal from Antique Stock Broking Limited. Thank you. And over to you, Mr. Periwal.
Good afternoon, everyone, and welcome to the quarter one FY25 post results earnings call of Ircon Limited. From the management side that we have with us, Mr. Hari Mohan Gupta, Chairman and Managing Director; Ms. Ragini Advani, Director Finance, Mr. B. Mugunthan ED Finance; Mr. Alin Roy Choudhury, CGM Finance; and Mr. Sachin Garg, DGM Finance and Investor Relations. As usual, will have a brief from the management on the gone-by result, and we'll open the line for Q&A. Yes, Hari sir, over to you.
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