IRCTC, IRCON International tumble up to 9% to hit 52-week low after Q3 results

IRCON International shares tanked more than 9% to hit a fresh 52-week low of ₹159.61 per share on the NSE. Nearly 94 lakh shares changed hands on the bourse.

Shares of Indian Railway Catering And Tourism Corporation (IRCTC) also dropped more than 3% to hit a 52-week low of ₹722.05 per piece on the NSE. More than 6 lakh shares changed hands on the bourse. Both the railway sector companies witnessed sharp movement in stock prices after Q3 results.

IRCON International Q3 net profit slumps 65% YoY

IRCON International reported a 65% plunge in consolidated net profit to ₹86 crore for the October-December quarter of FY25 compared to ₹244 crore in the year-ago quarter.

The engineering and construction firm reported a 10% drop in consolidated revenue from operations to ₹2,612.86 crore for the third quarter of FY2024-25, compared to ₹2,929.54 crore in the same period of the last fiscal year.

Its EBITDA dropped to ₹218.3 crore in Q3FY25 from ₹378.1 crore in Q3FY24, with an EBITDA margin of 8.1%. The total order book of Ircon International stood at ₹21,939 crore as of December 31, 2024.

IRCTC fall despite robust Q3 results

Indian Railway Catering and Tourism Corporation (IRCTC), on the other hand, reported a 13.7% increase in consolidated net profit to ₹341 crore for the December quarter compared to ₹300 crore in the year-ago period.

Its revenue from operations rose by 10% to ₹1,224.7 crore in the third quarter from ₹1,115.5 crore in the same period of last year.