IRCON International Limited reported its financial results for the first quarter ended June 30, 2026. Consolidated total income declined by 38.4% year-on-year to ₹1926.5 crore in Q1FY27 from ₹3126.4 crore in Q4FY26. However, standalone total income saw an increase of 8.8% year-on-year to ₹1771.4 crore. The company also highlighted its order book standing at ₹23,366 crore as of June 30, 2026.
IRCON Reports Q1 FY27 Financial Highlights
IRCON International Limited has announced its financial results for the first quarter (Q1) of the financial year 2027 (FY27), which concluded on June 30, 2026. The company detailed key financial performance indicators both on a consolidated and standalone basis.
Consolidated Financial Performance (Q1 FY27 vs. Q4 FY26 & Q1 FY26)
On a consolidated basis, IRCON’s total income experienced a significant decrease, falling by 38.4% to ₹1926.5 crore in Q1FY27 compared to ₹3126.4 crore in Q4FY26. Year-on-year, consolidated total income decreased by 38.4% from ₹3126.4 crore in Q4FY26 and showed an increase of 8.8% to ₹1771.4 crore in Q1FY26. Revenue from operations also saw a substantial drop of 39.9% to ₹1800.3 crore in Q1FY27 versus ₹2997.8 crore in Q4FY26. EBITDA for the quarter stood at ₹221.8 crore, a decrease of 14.7% from ₹259.9 crore in Q4FY26. Profit Before Tax (PBT) was ₹203.5 crore, down 17.2% from ₹245.7 crore in Q4FY26. Profit After Tax (PAT) was ₹163.5 crore, a decline of 14.8% from ₹192.0 crore in Q4FY26. Earnings Per Share (EPS) for the quarter (not annualized) was ₹1.74, a decrease of 14.7% from ₹2.04 in Q4FY26.
Compared to Q1FY26, consolidated total income increased by 8.8% to ₹1771.4 crore. Revenue from operations grew by 8.2% to ₹1664.2 crore. EBITDA saw a 5.7% increase to ₹209.8 crore. PBT rose by 4.6% to ₹194.6 crore. PAT increased by 8.6% to ₹150.6 crore. EPS for the quarter (not annualized) was ₹1.60, marking an 8.7% increase.
Key Financial Highlights (Consolidated: Y-o-Y and Q-o-Q)
In the year-on-year (Y-o-Y) comparison for the consolidated results, total income stood at ₹2042.7 crore in Q1FY27, up from ₹1892.4 crore in Q1FY26. Revenue from operations was ₹1955.8 crore, compared to ₹1786.3 crore in Q1FY26. EBITDA was ₹278.7 crore, a decrease from ₹323.9 crore in Q1FY26, with the EBITDA margin at 13.6%. Profit Before Tax was ₹126.8 crore, down from ₹211.5 crore in Q1FY26. Profit After Tax was ₹92.0 crore, against ₹164.1 crore in Q1FY26. EPS for the quarter (not annualized) was ₹0.99 per equity share.
Quarter-on-quarter (Q-o-Q), consolidated total income in Q1FY27 was ₹2042.7 crore, down from ₹3291.2 crore in Q4FY26. Revenue from operations was ₹1955.8 crore, compared to ₹3189.0 crore in Q4FY26. EBITDA stood at ₹278.7 crore, a decrease from ₹389.2 crore in Q4FY26, with the EBITDA margin also at 13.6%. Profit Before Tax was ₹126.8 crore, against ₹247.8 crore in Q4FY26. Profit After Tax was ₹92.0 crore, compared to ₹191.5 crore in Q4FY26. EPS for the quarter (not annualized) was ₹0.99 per equity share.
Order Book Status
As of June 30, 2026, IRCON’s total order book stood at an impressive ₹23,366 crore. This substantial order book is comprised of ₹17,989 crore from Railways, ₹3,747 crore from Highways, and ₹1,630 crore from other segments.
Industry Outlook and Way Forward
The company noted that India’s infrastructure sector is experiencing strong growth, driven by government initiatives, private sector participation, and rapid urbanization. The government’s continued focus on prioritizing investments in roads, railways, airports, logistics, and urban infrastructure, supported by policies like PM Gati Shakti and the National Logistics Policy, is expected to boost the sector. The Budget 2026 allocation of ₹12.2 lakh crore for CAPEX underscores this focus, with plans for high-speed rail corridors and freight corridors. IRCON is strategically positioned to leverage these opportunities through enhanced capabilities, focusing on sustainable growth and contributing to India’s infrastructure development.
Source: BSE
