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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -23.03 % over the year, substantial increase in net sales/revenue by 0.51 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 4.23 %. Marginal increase in other income during this quarter, up by 58.72%.
- Profit over the Year and quarter: Challenges in sustaining profitability for IRCON International Ltd. Profit dropped by -19.36 % Year to Year, IRCON International Ltd’s profitability dropped by -9.74 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -19.48 % Year to Year. EPS decreased by -9.66 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 2986.83 Cr | Rs. 2287.13 Cr | Rs. 2298.86 Cr | + 0.51 % | -23.03 % |
| Expenses | Rs. 2771.15 Cr | Rs. 2036.62 Cr | Rs. 2194.28 Cr | + 7.74 % | -20.82 % |
| Operating Profit | Rs. 215.68 Cr | Rs. 250.51 Cr | Rs. 104.58 Cr | -58.25 % | -51.51 % |
| OPM % | 7.22 % | 10.95 % | 4.55 % | -6.4 % | -2.67 % |
| Other Income | Rs. 149.5 Cr | Rs. 98.17 Cr | Rs. 155.82 Cr | + 58.72 % | + 4.23 % |
| Interest | Rs. 36.93 Cr | Rs. 48.15 Cr | Rs. 2.08 Cr | -95.68 % | -94.37 % |
| Depreciation | Rs. 27.08 Cr | Rs. 27.47 Cr | Rs. 9.65 Cr | -64.87 % | -64.36 % |
| Profit before tax | Rs. 301.17 Cr | Rs. 273.06 Cr | Rs. 248.67 Cr | -8.93 % | -17.43 % |
| Tax % | 25.76 % | 21.16 % | 18.68 % | -2.48 % | -7.08 % |
| Net Profit | Rs. 250.78 Cr | Rs. 224.03 Cr | Rs. 202.22 Cr | -9.74 % | -19.36 % |
| EPS in Rs | Rs. 2.67 | Rs. 2.38 | Rs. 2.15 | -9.66 % | -19.48 % |
Today, we’re looking at IRCON International Ltd’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -23.03 %. However, it did see a marginal increase of 0.51 % from the previous quarter. Expenses ticked up slightly by 7.74 % quarter-on-quarter, aligning with the annual decline of -20.82 %. Operating profit, while down -51.51 % compared to last year, faced a quarter-on-quarter dip of -58.25 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -2.67 %, but a shrinkage of -6.4 % sequentially. Other income rose by 58.72 % compared to the last quarter, despite an annual growth of 4.23 %. Interest expenses dropped significantly by -95.68 % from the previous quarter, yet the year-over-year decrease remains at a moderate -94.37 %. Depreciation costs fell by -64.87 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -64.36 %. Profit before tax declined annually by -17.43 % but saw a reduction from the preceding quarter by -8.93 %.
Tax expenses as a percentage of profits decreased slightly by -7.08 % compared to last year, with a more notable quarter-on-quarter decrease of -2.48 %. Net profit fell by -19.36 % year-on-year but witnessed a -9.74 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -19.48 % but a quarterly fall of -9.66 %. In summary, IRCON International Ltd’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 2986.83 Cr | Rs. 2287.13 Cr | Rs. 2298.86 Cr | + 0.51 % | -23.03 % |
| Expenses | Rs. 2771.15 Cr | Rs. 2036.62 Cr | Rs. 2194.28 Cr | + 7.74 % | -20.82 % |
| Operating Profit | Rs. 215.68 Cr | Rs. 250.51 Cr | Rs. 104.58 Cr | -58.25 % | -51.51 % |
| Net Profit | Rs. 250.78 Cr | Rs. 224.03 Cr | Rs. 202.22 Cr | -9.74 % | -19.36 % |
| EPS in Rs | Rs. 2.67 | Rs. 2.38 | Rs. 2.15 | -9.66 % | -19.48 % |
In reviewing IRCON International Ltd’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -23.03 % year-on-year, however, there was a minor increase of 0.51 % from the previous quarter. Expenses decreased by -20.82 % compared to the previous year, with a 7.74 % increase quarter-on-quarter. Operating Profit dropped by -51.51 % annually, and saw a -58.25 % decrease from the last quarter.
Net Profit showed yearly decrease of -19.36 %, and experienced a -9.74 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -19.48 % annually, however dipped by -9.66 % compared to the last quarter. In essence, while IRCON International Ltd exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
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