IRCON International released its financial result for the April-June quarter of the current fiscal year after trading hours. The company reported a 29.6% rise in its net profit for the quarter under review at Rs 187 crore from Rs 144.6 crore during Q1FY23.

The company’s revenue from operations during the same period increased by 35.7% at Rs 2,712.2 crore from Rs 2,001.9 crore in the year-ago quarter. The company said in its statement that it achieved a higher turnover during the June quarter of FY24.

The EBITDA for the June quarter increased by 31.2% to Rs 208.8 crore against the Rs 159 crore reported in the same quarter of the previous fiscal year.

IRCON, in its exchange filing, said, “BRPL is at a construction stage and is not generating revenue at this stage. IRCON’s share of loss in FY 2022-23 was Rs.0.25 crore. Ministry of Railways is interested to take over the project.”

IRCON International’s total order book during the quarter under review stood at Rs 32,486 crore, out of which railways accounted for Rs 23,613 crore, highways for Rs 6,906 crore, and others accounted for Rs 1,967 crore.

At 11:30 am, the shares of IRCON International were trading at Rs 108.70 or 9.08% above its previous close of Rs 99.65 on NSE.