ALFA Finder| Revenue growth | 9.5% YoY growth in consolidated operating revenue. |
|---|---|
| Margins | Consolidated PAT margin compressed to 4.5% from 8.7% YoY. |
| Order book | ₹23,366 Cr; 77% Railways, 16% Highways, 7% Others. |
| Demand visibility | Strong pipeline from National Rail Plan and Highway CAPEX. |
Growth
Consolidated Revenue rose 9.5% YoY; however, EBITDA declined 14% and PAT dropped from ₹164 Cr to ₹92 Cr YoY.
Outlook
Order book stands at ₹23,366 crore as of June 30, 2026. Target sectors include high-speed rail and renewable energy.
Risks
Significant margin pressure: EBITDA margin fell 348 bps YoY to 13.6%. PBT margin declined to 6.2%.
Last quarter's promises, checked
Delivered
- Guided FY27 revenue similar to FY26 (approx ₹9,500 Cr) → Q1FY27 ₹1,956 Cr (= ON TRACK)
- Guided core EBITDA margin 9% console level → delivered 13.6% in Q1 (= BEAT)
- Targeted ₹500-600 Cr SPV/PPP investment in current year → ₹3,000 Cr cumulative base maintained (= ON TRACK)
Partly delivered
- Targeted order book growth via ₹48,000 Cr bids → Q1 book at ₹23,366 Cr vs ₹24,984 Cr previous (= PARTIAL)
Missed
- Guided PAT margin 6.1-6.3% → delivered 4.5% in Q1 (= MISS)
Investor Presentation filed with BSE, NSE: IRCON. Summary written with AI assistance from the document.
Ircon International Ltd: key numbers
- Share price
- ₹114.43
- Market cap
- ₹10,762 Cr
- Revenue (annual)
- ₹9,071 Cr
- Net profit (annual)
- ₹595.5 Cr
- P/E (TTM)
- 22.1×Sector 33.5×
- Promoter holding
- 65.17%+0.00% QoQ
- FII holding
- 4.62%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Ircon International Ltd
All →Ircon International Earnings Call Transcript: Key Takeaways
Q2 consolidated revenue ₹2,364 Cr, PAT ₹100 Cr, EBITDA ₹227 Cr; no YoY stated. Order book shrank to ~₹21,000 Cr with only ~₹200 Cr inflow to 30 Sept; management leans on 'hopeful' language.
Ircon International Results Update
IRCON reported Q2 FY27 consolidated PAT of Rs.100.3 crore, down 26.5% YoY, with revenue up 14.9%. Order book stood at Rs.21,296 crore as on 30.09.2026.
- Order book
- ₹21,296 Cr
Ircon International Investor Presentation: Key Takeaways
Q2FY27 consolidated revenue Rs2,272cr (+14.9% YoY), EBITDA Rs320cr (+7.6%), PAT Rs100cr (-26.5%). Standalone PAT down 34%. Order book Rs21,296cr.
Ircon International Merger & Restructuring
IRCON began an asset monetisation plan to sell 100% stakes in four completed road assets. No buyer or consideration is disclosed yet.
Ircon International Q2 FY27 Results: Net Profit ₹100.3 Cr, Down 26.5% YoY
Ircon International Ltd reported revenue from operations of ₹2,272 Cr (+14.9% YoY) and net profit of ₹100.3 Cr (-26.5% YoY) for Q2 FY27.
- Key figure
- Net profit ₹100.3 Cr · -26.5% YoY
Ircon International Board Meeting Date
IRCON will hold a board meeting on November 4, 2026 to consider unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026. The trading window stays closed until November 6.