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Ircon International’s Q2 profit after tax jumps 44% to Rs 251 crore, identified as a multibagger stock

Posted on November 9, 2023 By Haley Bennett

Ircon International Ltd, a leading turnkey construction company and a navratna public sector enterprise, has announced a significant increase in its consolidated Profit After Tax (PAT) for the September quarter. The company reported a 44 per cent rise in PAT, which amounted to Rs 250.8 crore, compared to Rs 174.2 crore in the same period last year.

According to a filing to the Bombay Stock Exchange (BSE), Ircon International’s consolidated total income also saw a notable growth, reaching Rs 3,136.3 crore in the second quarter of the ongoing fiscal, up from Rs 2,305.9 crore in the corresponding quarter of the previous year. The company’s total order book as of September 30 stood at an impressive Rs 32,152 crore.

Specializing in the railways and highways sectors, Ircon International is a part of the Ministry of Railways. The company’s strong performance in the September quarter demonstrates its continued success and solidifies its position as a key player in the construction industry.

Haley Bennett

I have over 10 years of experience in the cryptocurrency industry and I have been on the list of the top authors on LinkedIn for the past 5 years. I have a wealth of knowledge to share with my readers, and my goal is to help them navigate the ever-changing world of cryptocurrencies.

Business Tags:Ircon International, Ircon International pat, Ircon International profit and loss, Ircon International q2 profit and loss, Ircon International revenue

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