IRCON2024-07-012024-09-30 IRCON2024-07-012024-09-30 IRCON2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member IRCON2024-07-012024-09-30in-bse-fin:OneOperatingExpenses02Member IRCON2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member IRCON2024-07-012024-09-30in-bse-fin:FourOperatingExpenses02Member IRCON2024-09-30 IRCON2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue01Member IRCON2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue02Member IRCON2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue01Member IRCON2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue02Member IRCON2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults01Member IRCON2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults02Member IRCON2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults01Member IRCON2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults02Member IRCON2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets01Member IRCON2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets02Member IRCON2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member IRCON2024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member IRCON2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member IRCON2024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member IRCON2024-07-012024-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member IRCON2024-07-012024-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member IRCON2024-07-012024-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member IRCON2024-07-012024-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 541956 IRCON NOTLISTED Ircon International Limited Equity 2024-04-01 2025-03-31 2024-11-07 2024-10-29 INR Crores Half yearly 14:30:00 17:45:00 2024-11-07 2024-11-07 true Cash Flow Indirect Not applicable Geographical 2024-07-01 2024-09-30 Unaudited Consolidated 22988600000.00 1558200000.00 24546800000.00 1598000000.00 0.00 76600000.00 696600000.00 20800000.00 96500000.00 19571600000.00 22060100000.00 2486700000.00 0.00 2486700000.00 496100000.00 -31600000.00 464500000.00 0.00 2022200000.00 0.00 0.00 0.00 0.00 2022200000.00 -8800000.00 2013400000.00 2013400000.00 0.00 1881000000.00 2 2.15 2.15 0.00 0.00 2.15 2.15 1. The above standalone and consolidated financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on 7th November 2024. The Statutory Auditors of the company have conducted limited review of the financial results for the Quarter and half year ended 30th Sept. 2024. 2. The Standalone and consolidated financial results have been prepared in accordance with the Indian Accounting Standards (Ind AS) as notified under Section 133 of the Companies Act, 2013 read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 (as Amended) and other recognised accounting practices and policies to the extent applicable. 3. “Ministry of Railways” (MoR) vide its letter No. 2011/LMB/22/1/39 dated 18.10.2021 had communicated ‘in-principle’ decision for closure of Indian Railway Station Development Corporation Limited (IRSDC) and transfer/handover of its business to RLDA/MoR. Accordingly, as part of the closure activities, all assets and liabilities (except investments in SITCO and GARUD) are to be transferred to RLDA/MoR on slump sale basis for a consideration not less than the book value as on the cutoff date to be mutually agreed upon as approved in the 59th BoD meeting held on 07.11.2022 of IRSDC. Subsequently, based on the 63rd Board of Directors meeting of IRSDC held on June 19, 2024, IRCON's Board approved the transfer of IRSDC's business at book value of Rs. 41.93 crore (as per audited financials for the year ended on 31.03.2024) within a limit of ± 5% variance on slump sale basis. Further, the investment in SITCO had been transferred to RLDA at Par i.e. Rs. 6.30 crore and transfer of shareholding in GARUD for a consideration of Rs. 12.50 crore, at book value @ Rs. 15.82 per share is in process. Additionally, IRCON has also conveyed its acceptance to initiate the process of voluntary liquidation of IRSDC based on the estimated solvency position of Rs. 232.07 crore which includes IRCON's share to the tune of Rs. 60.34 crore against investment value of Rs. 52 crore. The financial statements of IRSDC has been prepared on liquidation basis and the company does not foresee any impairment in the value of investment at this stage. 4. Ministry of Railway (MoR) has granted in-principle approval for closure of Bastar Railway Private Limited, a joint venture company and transfer of its assets and liabilities to MoR. The legal formalities, pricing and related modalities are in process. 5. It has been decided to handover Phase- I (Angul - Balram, 14 KM already operational) and Phase- II (Balram-Putgadia-Tentuloi,54 KM under construction)of MCRL Project to Ministry of Railways (MoR). The legal formalities, pricing and related modalities are in process and the Company does not foresee any impairment in the value of investment at this stage. 6. During the period, the Group received an opinion from the Expert Advisory Committee of ICAI that interest income on annuity payments under the Hybrid Annuity Model (HAM) can be classified as ''other operating revenue''. Accordingly, it is now classified as Other Operating Revenue in the Consolidated Statement of Profit and Loss leading to an increase in Revenue from Operations by Rs. 82.91 crore for the half year ended 30 September 2024 (Rs. 93.13 crore for the half year ended 30 September 2023) with a corresponding decrease in Other Income . Further, the reclassification has also resulted into increase in Revenue from Operations for the year ended 31 March 2024 by Rs. 182.74 crore with a corresponding decrease in Other Income . 7. Please refer notes mentioned in the PDF. Geographical 2024-04-01 2024-09-30 Unaudited Consolidated 44793400000.00 2531900000.00 47325300000.00 2193100000.00 0.00 76300000.00 1377800000.00 40600000.00 192000000.00 38615700000.00 42495500000.00 4829800000.00 0.00 4829800000.00 1105000000.00 -62500000.00 1042500000.00 0.00 3787300000.00 0.00 0.00 0.00 0.00 3787300000.00 -5500000.00 3781800000.00 3781800000.00 0.00 1881000000.00 2 4.03 4.03 0.00 0.00 4.03 4.03 Other expenses 166100000.00 Project Expenses 19405500000.00 Other expenses 299300000.00 Project Expenses 38316400000.00 1971200000.00 59200000.00 5421200000.00 0.00 72000000.00 300000.00 0.00 0.00 24005800000.00 0.00 2966400000.00 487700000.00 27459900000.00 1295800000.00 3044000000.00 39323600000.00 2959800000.00 10597500000.00 11052900000.00 12038900000.00 21118400000.00 452200000.00 18275700000.00 73535600000.00 543500000.00 19942900000.00 96981800000.00 0.00 0.00 136305400000.00 1881000000.00 58395700000.00 60276700000.00 60276700000.00 0.00 0.00 7239100000.00 7239100000.00 1491600000.00 0.00 0.00 9382500000.00 18113200000.00 0.00 7074600000.00 26723500000.00 33798100000.00 21336400000.00 2712700000.00 68300000.00 0.00 57915500000.00 0.00 0.00 76028700000.00 136305400000.00 (i) Includes Clients Fund of Rs 2,268.41 Crore (31st March, 2024: Rs. 2,898.36 crore) on which interest is passed on to them. (ii) Includes Unpaid Dividend Bank Account of Rs. 2.89 Crore (31st March, 2024 Unpaid Dividend Bank Account of Rs 0.47 Crore). (iii) Figures for the previous year have been re-grouped / re-classified / re-casted to conform to the classification of the current year. Domestic 23422400000.00 International 1124400000.00 Domestic 45225700000.00 International 2099600000.00 24546800000.00 47325300000.00 0.00 0.00 24546800000.00 47325300000.00 Domestic 2193300000.00 International 313300000.00 Domestic 4144100000.00 International 723000000.00 2506600000.00 4867100000.00 19900000.00 37300000.00 0.00 1. The company / Group has reported segment information as per Ind AS 108 Operating Segments . The operations of the Company / Group fall primarily under geographical information about group of countries, which is considered to be the only reportable segment by management. 2. Figures for the previous periods / year have been re-grouped / re-classified / re-casted to conform to the classification of the current period / year. 0.00 2486700000.00 4829800000.00 Domestic 126433800000.00 International 9871600000.00 136305400000.00 0.00 136305400000.00 Domestic 68239000000.00 International 7789700000.00 76028700000.00 0.00 76028700000.00 30800000.00 -636200000.00 -1588300000.00 0.00 2100800000.00 0.00 0.00 0.00 0.00 -1469000000.00 0.00 -6446100000.00 0.00 192000000.00 0.00 0.00 0.00 0.00 0.00 -249600000.00 638300000.00 994600000.00 0.00 5300000.00 0.00 -295300000.00 0.00 -80300000.00 0.00 -10068800000.00 -5239000000.00 0.00 0.00 0.00 334500000.00 0.00 -5573500000.00 0.00 185700000.00 62201600000.00 66318200000.00 0.00 1799000000.00 0.00 0.00 0.00 145000000.00 0.00 52500000.00 0.00 0.00 0.00 0.00 0.00 4100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 638300000.00 1086200000.00 0.00 4884100000.00 0.00 305700000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5700000.00 0.00 1222700000.00 3300000.00 0.00 0.00 -1231700000.00 -6499500000.00 249600000.00 -6249900000.00 18288800000.00 12038900000.00 Items that will not be reclassified to Profit and Loss 3600000.00 Items that will not be reclassified to Profit and Loss 6800000.00 3600000.00 6800000.00 900000.00 1700000.00 Items that will be reclassified to Profit and Loss -15400000.00 Items that will be reclassified to Profit and Loss -14200000.00 -15400000.00 -14200000.00 -3900000.00 -3600000.00