🚆 IRCON Q4 FY25: ₹3,515 Cr Revenue, ₹211 Cr PAT — This ₹189 PSU Is Quietly Laying Tracks to Riches

Author: Prashant Marathe
Date Published: May 21, 2025

🧾 At a Glance

• Total Income (Q4): ₹3,515.25 Cr
• Net Profit (Q4): ₹211.78 Cr
• EPS (Q4): ₹2.24
• CMP: ₹189
• EduFair Value: ₹235–₹255
  👉 Verdict: PSU infra is boring… until it’s not.

🏗️ About the Company

IRCON International Ltd is a Mini Ratna PSU under the Ministry of Railways. It’s one of India’s largest railway EPC contractors, known for:

• 🔧 Building railway lines, bridges, stations
• 🌏 International railway projects (Nepal, Bangladesh, Malaysia)
• 🏗️ Metro + highway + tunnelling