Construction PSU Declares Rs 1.30 Dividend, 3.80% YoY Fall In Net, Shares Rise 632% In 2-Yrs

Shares of mid cap construction sector firm, IRCON International Ltd share hit fresh 52-week high to 289.70 per share despite reporting a decline of 3.8% year-on-year to Rs 246.8 crore for Q4 ended March 31, 2024 as against Rs 256.5 crore net profit declared in the corresponding quarter of last year. Board Of Directors of IRCON International today recommended a final dividend of Rs 1.30 per equity share of face value of Rs 2/- each for the financial year 2023-24. IRCON International share offered shareholders highly attractive returns of 632% in just last 2-years.

IRCON International received Navratna status on October 12, 2023. FII/FPI have increased holdings from 4.11% to 4.58% in Mar 2024 quarter. Institutional Investors have increased holdings from 5.30% to 6.15% in Mar 2024 quarter. More details below:

IRCON International Recommends Dividend: As per the BSE filing dated May 21, "recommended a final dividend of Rs.1.30 per equity share of face value of Rs.2/- each (65% of the paid up equity share capital) for the financial year 2023-24, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company. The final dividend would be paid within 30 days from the date of its declaration at the AGM."

IRCON International Q4: The state-run construction company announced a dip of 1% in its revenue from operations to Rs 3,742.7 crore as against Rs 3,780.7 crore in the similar quarter of last year. EBITDA of IRCON, at the operating level, slipped 56.3% to Rs 286.3 crore for the March 2024 quarter as against Rs 183.2 crore in the similar quarter of last year. EBITDA margin stood at 7.7% for the quarter under review as against 4.9% for Q4 of last fiscal.

IRCON International Share Performance: The 52-week high price of IRCON International share on BSE is Rs 301.40 per share (as on 21/05/2024) and 52-week low price is Rs 77.50 per share (as on 22/05/2023). IRCON International has a market capitalisation of Rs 27,246.74 crore. IRCON International shares zoomed 66% YTD, jumped 75% in last 6-months, rose massively by 270% in last 1-year only, and offered eye-popping returns of 632% in last 2-years.

IRCON International Stock Split History: Ircon International split the face value of its share once since April 3, 2020. IRCON International last split face value of its shares from Rs 10 to Rs 2 in 2020.

IRCON International Dividend History: IRCON International announced 29 dividends since July 30, 2002. In last 1-year, Ircon International Ltd. has declared an equity dividend amounting to Rs 3.00 per share. At the current share price of Rs 289.7500, Ircon International offers a dividend yield of 1.04%.

Ircon International Bonus Share History: Ircon International offered 2 bonus issues since February 18, 2005. Its last bonus was declared in the ratio 1:1 with ex-bonus date declared as May 20, 2021.

IRCON International About: Ircon International Limited is a central Public Sector Enterprise incorporated as a government company under the Companies Act. 1956. IRCON was set up to utilize the Indian Railway's experience in helping Developing Nations of the world to install or maintain their own railways and also to execute railway projects for private sector, as per its LinkedIn page.

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