Key Financial Highlights (Consolidated) - Year-over-Year Comparison

Q1 FY27 vs Q1 FY26:

  • Total Income: ₹2,042.7 crore (up from ₹1,892.4 crore in Q1 FY26)
  • Revenue from Operations: ₹1,955.8 crore (up from ₹1,786.3 crore in Q1 FY26)
  • EBITDA: ₹278.7 crore (down from ₹323.9 crore in Q1 FY26)
  • EBITDA Margin: 13.6%
  • Profit Before Tax: ₹126.8 crore (down from ₹211.5 crore in Q1 FY26)
  • Profit After Tax: ₹92.0 crore (down from ₹164.1 crore in Q1 FY26)
  • EPS: ₹0.99 per equity share (face value ₹2 per share)

Key Financial Highlights (Consolidated) - Quarter-over-Quarter Comparison

Q1 FY27 vs Q4 FY26:

  • Total Income: ₹2,042.7 crore (down from ₹3,291.2 crore in Q4 FY26)
  • Revenue from Operations: ₹1,955.8 crore (down from ₹3,189.0 crore in Q4 FY26)
  • EBITDA: ₹278.7 crore (down from ₹389.2 crore in Q4 FY26)
  • EBITDA Margin: 13.6%
  • Profit Before Tax: ₹126.8 crore (down from ₹247.8 crore in Q4 FY26)
  • Profit After Tax: ₹92.0 crore (down from ₹191.5 crore in Q4 FY26)
  • EPS: ₹0.99 per equity share (face value ₹2 per share)

Financial Performance (Standalone)

| Particulars | Q1FY27 (₹ Crore) | Q4FY26 (₹ Crore) | Change % | Q1FY26 (₹ Crore) | Change % |

| Total Income | 1,926.5 | 3,126.4 | (38.4) | 1,771.4 | 8.8 |

| Revenue from Operation | 1,800.3 | 2,997.8 | (39.9) | 1,664.2 | 8.2 |

| EBITDA | 221.8 | 259.9 | (14.7) | 209.8 | 5.7 |

| PBT | 203.5 | 245.7 | (17.2) | 194.6 | 4.6 |

| PAT | 163.5 | 192.0 | (14.8) | 150.6 | 8.6 |

| EPS (₹/Share) | 1.74 | 2.04 | (14.7) | 1.60 | 8.7 |

Order Book Position

As of June 30, 2026, the total order book stands at ₹23,366 crore with the following breakdown:

  • Railways: ₹17,989 crore
  • Highways: ₹3,747 crore
  • Others: ₹1,630 crore

Industry Outlook and Forward Guidance

The company provided commentary on the positive industry outlook, noting that India's infrastructure sector is witnessing strong growth supported by:

  • Government initiatives and private sector participation
  • Rapid urbanization
  • Continued government prioritization of investments in roads, railways, airports, logistics and urban infrastructure
  • Specific programs including PM Gati Shakti, National Logistics Policy, Bharatmala, and Sagarmala
  • Urban development acceleration through PMAY, Smart Cities, Metro Rail and NaMo Bharat initiatives

Budget 2026 allocated ₹12.2 lakh crore for CAPEX, reflecting continued infrastructure focus. The budget also proposed seven high-speed rail corridors and a dedicated freight corridor, expected to create significant opportunities across the infrastructure value chain.

The company stated it is "strategically positioned to leverage these emerging opportunities by strengthening its capabilities" and remains "focused on sustainable growth and contributing to India's expanding infrastructure development."

Company Background

Ircon International Limited is a Navratna Public Sector Enterprise and leading turnkey construction company reporting to the Ministry of Railways. Core competencies include Railways and Highways construction. The company has executed projects in railway construction (ballastless track, electrification, tunneling, signaling & telecommunications), road construction, building construction, airport infrastructure, and mass rapid transit systems.

Operations span multiple Indian states and international presence in Malaysia, Nepal, Bangladesh, Algeria, Myanmar, and Sri Lanka. The company has completed more than 131 projects in 25 countries globally and 408 projects across various Indian states.