India's Ircon International at more than 1-year low on weak Q3 results

Ircon International

12/02/2025 04:27

** Ircon International  IRCN.NS  slides as much as 9.2% to
163.33 rupees, lowest since December 2023
    ** Engineering and construction co's Q3 consol net profit
plummets ~65% y/y
    ** Q3 EBITDA margins falls to 5.3% vs year-ago 10.1%
    ** Third-quarter order book declines over 25% y/y
    ** Stock among top four pct losers on Nifty 500 index
 .NIFTY500 , which is down 1.1%
    ** IRCN last down ~8%, extends YTD losses to ~23% 

($1 = 86.5000 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))