Ircon International Limited announced its financial results for the second quarter and half year ended September 30, 2026. The company reported a consolidated total income of ₹2,363.7 crore for Q2 FY27, marking an 11.9% increase year-on-year. Revenue from operations also saw a healthy rise of 14.9%. Profit after tax for the quarter stood at ₹100.3 crore.
Ircon International Announces Q2 FY27 Financial Highlights
Ircon International Limited, a Navratna Public Sector Enterprise, has released its financial results for the second quarter and half year ended September 30, 2026. The company has demonstrated a positive performance with notable growth in key financial metrics.
Quarterly Performance (Q2 FY27)
For the second quarter of FY27, Ircon International reported a consolidated Total Income of ₹2,363.7 crore, a significant increase of 11.9% compared to ₹2,112.2 crore in the corresponding quarter of the previous year (Q2 FY26). Revenue from operations also grew by 14.9% to ₹2,271.7 crore from ₹1,976.8 crore in Q2 FY26.
EBITDA for the quarter stood at ₹319.5 crore, showing a 7.6% increase year-on-year. EBITDA Margin was reported at 13.5%. Profit Before Tax (PBT) was ₹159.6 crore, while Profit After Tax (PAT) was ₹100.3 crore, reflecting a 26.5% decrease compared to ₹136.5 crore in Q2 FY26. PAT Margin stood at 4.3%.
Earnings Per Share (EPS) for the quarter was ₹1.09, a decrease of 25.8% from ₹1.47 in Q2 FY26.
Half-Yearly Performance (H1 FY27)
In the first half of FY27 (H1 FY27), the consolidated Total Income reached ₹4,406.5 crore, an increase of 10.0% compared to ₹4,004.6 crore in H1 FY26. Revenue from operations also rose by 12.3% to ₹4,227.5 crore from ₹3,763.0 crore in the previous year’s half.
EBITDA for H1 FY27 was ₹598.1 crore, a slight decrease of 3.7% year-on-year. EBITDA Margin was 13.6%. Profit Before Tax (PBT) declined by 25.4% to ₹286.4 crore, and Profit After Tax (PAT) decreased by 36.0% to ₹192.4 crore compared to ₹300.6 crore in H1 FY26. PAT Margin for the half-year was 4.4%.
EPS for H1 FY27 stood at ₹2.08, a reduction of 35.4% from ₹3.22 in H1 FY26.
Standalone Financial Highlights
On a standalone basis, the company’s Total Income for Q2 FY27 was ₹2,187.8 crore, up 7.9% year-on-year. Revenue from Operations increased by 12.9% to ₹2,090.2 crore. Profit After Tax (PAT) for the quarter was ₹121.9 crore, a decrease of 34.0% from ₹184.7 crore in Q2 FY26.
For H1 FY27 standalone, Total Income was ₹4,114.3 crore (8.3% increase YoY), and Revenue from Operations was ₹3,890.5 crore (10.7% increase YoY). PAT for the half-year stood at ₹285.4 crore, down 14.9% from H1 FY26.
Order Book
As of September 30, 2026, Ircon International’s total order book stands at a robust ₹21,296 crore. The break-up includes ₹16,271 crore from Railways, ₹3,538 crore from Highways, and ₹1,487 crore from other segments.
Industry Outlook
The company noted that India’s infrastructure sector is experiencing strong growth, driven by government initiatives and private sector participation. Investments in roads, railways, airports, and logistics are being prioritized, with schemes like PM Gati Shakti and the National Logistics Policy strengthening connectivity. The Union Budget 2026 has allocated ₹12.2 lakh crore for infrastructure, signaling a continued focus on development and creating significant opportunities across the value chain.
Source: BSE
