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Earnings Call

Ircon International Earnings Call: Key Takeaways

Ircon reported FY26 revenue of ₹9,502cr and PAT of ₹592cr. Management is navigating a competitive bidding environment while maintaining an order book 2x revenue.

Why this was an Alfa AlertNot a filter event. Revenue and PAT declined YoY and missed prior guidance of ₹10,000-11,000cr.
Highlights
Revenue growthFY26 revenue of ₹9,502cr vs ₹11,131cr in FY25.
MarginsCore EBITDA margins at 9.35%, up 94 bps YoY.
Order book₹24,984cr as of March 31, 2026; 92% domestic, 8% international.
Demand visibilityHigh; bid for ₹48,000cr projects; result pending evaluation.
Management confidenceOptimistic on domestic infra robust growth despite global headwinds.

Growth

Revenue fell 14.6% YoY to ₹9,502cr from ₹11,131cr; PAT dropped 18.2% to ₹592cr from ₹724cr.

Outlook

FY27 revenue guidance is similar to FY26 levels; planned ₹400cr investment in SPVs and coal connectivity projects.

Risks

Intense competitive pressures in EPC, geopolitical turmoil affecting international orders, and rising commodity/energy prices.

Source

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

Read the document ↗

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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