| Revenue growth | Consolidated Q2 +14.9% YoY; H1 +12.3% |
|---|---|
| Margins | Consolidated core EBITDA margin 10.0%, +184bps YoY; reported 13.5%, -54bps |
| Order book | Rs21,296cr as of 30.09.2026; 91% domestic, 9% international |
| Demand visibility | Order book Rs21,296cr; govt capex rising (Budget 2026 Rs12.2 lakh cr) |
Growth
Q2 consolidated revenue +14.9% YoY; H1 +12.3%. Q2 PAT -26.5% YoY; H1 PAT -36.0%.
Outlook
No explicit company guidance. Order book Rs21,296cr (76% railways, 55% competitive bids). Govt rail and highway outlays rising.
Risks
Other income -32% YoY; finance cost +35%; standalone EBITDA margin down 269bps to 9.1%; standalone PAT -34%.
Last quarter's promises, checked
Delivered
- Consolidated core EBITDA ~9% → 10.0% (= BEAT)
Partly delivered
- FY27 revenue ~Rs9,000cr (call also said 'similar to FY26' Rs9,502cr) → H1 consolidated revenue +12.3% YoY; FY27 total not yet reported (= PARTIAL)
Missed
- Consolidated PAT margin 6.1–6.3% → ~4.4% in Q2 (derived: Rs100.3cr/Rs2,272cr) (= MISS)
Investor Presentation filed with BSE, NSE: IRCON. Summary written with AI assistance from the document.
Ircon International Ltd: key numbers
- Share price
- ₹103.70
- Market cap
- ₹9,753 Cr
- Revenue (annual)
- ₹9,071 Cr
- Net profit (annual)
- ₹595.5 Cr
- P/E (TTM)
- 18.6×Sector 32.4×
- 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 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 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.
Ircon International Legal & Regulatory
IRCON faces a GST notice over ₹72.41 Crore of allegedly inadmissible input tax credit. The High Court directed the GST authority not to pass an order until the next hearing.
- Value
- ₹72.41 Cr
Ircon International Legal & Regulatory
Ircon International Limited announced that the National Stock Exchange has granted a waiver for fines previously levied against the company for certain compliance delays.