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Earnings Call

Ircon International Earnings Call: Key Takeaways

Ircon reports a decline in FY26 revenue and PAT amidst a hyper-competitive EPC environment. Management maintains a 'flat' revenue outlook for FY27, citing execution delays and sectoral headwinds as primary constraints.

Highlights
Revenue growthDecline to ₹9,502cr in FY26 from ₹11,131cr.
MarginsCore EBITDA margins rose to 9.35%; PAT margins around 6.1-6.3%.
Order bookStanding at ₹24,984cr; 54% competitive bidding, 46% nomination.
Demand visibilityStrong sector tailwinds in railways and highways despite intense competition.
Management confidenceCautious; focusing on maintaining current levels rather than aggressive growth.

Growth

Revenue down 14.6% to ₹9,502cr; core EBITDA margins improved 95bps to 9.35% via operational efficiency.

Outlook

FY27 revenue guided to match FY26 levels of ~₹9,000cr; ₹24,984cr order book.

Risks

Shrinking margins in competitive bidding and high reliance on project-specific client clearances.

Source

Earnings Call filed with NSE, NSE: IRCON. Summary written with AI assistance from the document.

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Ircon International Ltd: key numbers

Share price
₹105.95
Market cap
₹9,965 Cr
Revenue (annual)
₹9,071 Cr
Net profit (annual)
₹595.5 Cr
P/E (TTM)
19.0×Sector 33.0×
Promoter holding
65.17%+0.00% QoQ
FII holding
4.61%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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