Ircon International Reports Financial Results for Q4 and Full Year Ended March 31, 2026
Ircon International Limited, a Navratna public sector enterprise and a leading turnkey construction company operating under the Ministry of Railways, has announced its financial results for the fourth quarter and year ended March 31, 2026.Financial Performance Summary
The company provided financial details both on a consolidated and standalone basis for the fiscal year (FY26) and the fourth quarter (Q4FY26).Consolidated Financial Performance
The consolidated results highlight the following performance figures for the year and the quarter.FY26 vs FY25 (Y-o-Y)
| Particulars | FY26 (Rs. Crore) | FY25 (Rs. Crore) | Change% |
|---|---|---|---|
| Total Income | 9502 | 11131 | (14.6%) |
| Revenue from Operation | 9071.1 | 10759.6 | (15.7%) |
| EBITDA | 1279.3 | 1276 | 0.3% |
| PBT | 766.5 | 939 | (18.4%) |
| PAT | 591.9 | 727.8 | (18.7%) |
| EPS (Rs./Share) (FV Rs.2/Share) | 6.33 | 7.73 | (18.1%) |
Q4FY26 vs Q4FY25
| Particulars | Q4FY26 (Rs. Crore) | Q3FY26 (Rs. Crore) | Change % | Q4FY25 (Rs. Crore) | Change % |
|---|---|---|---|---|---|
| Total Income | 3291.2 | 2206.2 | 49.2% | 3515.3 | (6.4%) |
| Revenue from Operation | 3189 | 2119 | 50.5% | 3412.1 | (6.5%) |
| EBITDA | 389.2 | 269.3 | 44.5% | 357.5 | 8.9% |
| PBT | 247.8 | 134.7 | 84.0% | 263.1 | (5.8%) |
| PAT | 191.5 | 99.9 | 91.8% | 211.8 | (9.6%) |
| EPS (Rs./Share) (FV Rs.2/Share) | 2.04 | 1.07 | 90.3% | 2.24 | (9.1%) |
Standalone Financial Performance
The company's standalone financial results for the full year and the final quarter are detailed below.FY26 vs FY25 (Y-o-Y)
| Particulars | FY26 (Rs. Crore) | FY25 (Rs. Crore) | Change% |
|---|---|---|---|
| Total Income | 8978.6 | 10677.5 | (15.9%) |
| Revenue from Operation | 8478.9 | 10193.1 | (16.8%) |
| EBITDA | 852.6 | 963.5 | (11.5%) |
| PBT | 797.9 | 917.8 | (13.1%) |
| PAT | 618.5 | 737.6 | (16.2%) |
| EPS (Rs./Share) (FV-Rs.2/Share) | 6.58 | 7.84 | (16.2%) |
Q4FY26 vs Q4FY25
| Particulars | Q4FY26 (Rs. Crore) | Q3FY26 (Rs. Crore) | Change % | Q4FY25 (Rs. Crore) | Change % |
|---|---|---|---|---|---|
| Total Income | 3126.4 | 2053.5 | 52.2% | 3374.8 | (7.4%) |
| Revenue from Operation | 2997.8 | 1965.4 | 52.5% | 3243.5 | (7.6%) |
| EBITDA | 259.9 | 143.9 | 80.6% | 269.6 | (3.6%) |
| PBT | 245.7 | 131.2 | 87.3% | 258 | (4.8%) |
| PAT | 192 | 91.2 | 110.6% | 218.2 | (12.0%) |
| EPS (Rs./Share) (FV Rs.2/Share) | 2.04 | 0.97 | 110.6% | 2.32 | (12.0%) |
Dividend Recommendation
The Board of Directors recommended a final dividend of Re.0.70 per equity share of Rs.2/- per share. This dividend is subject to the shareholders' approval at the ensuing Annual General Meeting and is in addition to the interim dividend of Rs.1.20 per equity share that has already been approved and paid by the company.Order Book Details
The total order book stood at Rs.24,984 crore as of March 31, 2026. The breakdown of this order book is as follows:- Railways: Rs. 19,459 crore
- Highways: Rs. 3,919 crore
- Others: Rs. 1,606 crore
Industry Outlook and Company Overview
India's infrastructure sector is undergoing a significant transformation, driven by strategic government action, growing private sector engagement, and rapid urbanization. The nation is aggressively expanding its transportation network with a strong focus on roadways, railways, and airports. Major initiatives are bolstering connectivity, including PM Gati Shakti, the National Logistics Policy, Bharatmala, and Sagarmala Projects.The government's commitment to the sector is evident through CAPEX allocation of Rs.12.20 lakh crore towards infrastructure. In Budget 2026, the Government of India proposed seven high speed rail corridors and a dedicated freight corridor.
Ircon International Limited, a Navratna Public Sector Enterprise, specializes in railway and highway construction. The company reports to the Ministry of Railways. Its core competencies include railway construction, encompassing ballast less track, electrification, tunneling, and signal & telecommunication, alongside executing projects for roads, highways, commercial, industrial and residential buildings, airport runway and hangars, and metro/mass rapid transit systems.
IRCON has extensive operational presence across several states in India and in international markets including Malaysia, Nepal, Bangladesh, Algeria, Myanmar, and Sri Lanka. To date, the company has completed over 130 projects in 25 countries globally and 405 projects within various states of India.
IRCON Stock Price Movement
Ircon International Limited shares today slipped by 0.87% to settle at ₹140.9. The equity traded on a volume of 2.12 million shares, confined within an intraday range of ₹140.46 to ₹142.75.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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