IRCON International Limited reported its unaudited financial results for the quarter and nine months ended December 31, 2025. Consolidated Total Income for Q3FY26 stood at Rs.2206.2 crore, down year-on-year, but EBITDA improved to Rs.269.3 crore, with a margin of 12.2%. The Board also approved an interim dividend of Rs.1.20 per equity share for FY25-26.
IRCON Announces Q3 and 9M FY26 Unaudited Financial Results
IRCON International Limited, a Navratna public sector enterprise, announced its financial results for the third quarter (Q3FY26) and the nine months ended December 31, 2025. The company continues to benefit from robust government backing in the infrastructure sector, including a CAPEX allocation of Rs.12.20 lakh crore and the proposal of seven high-speed rail corridors in Budget 2026.
Consolidated Performance Highlights (Q3FY26 vs. Q3FY25)
The comparison reveals a year-over-year decline in top-line performance for the quarter:
- Total Income: Rs.2206.2 crore (down from Rs.2691.9 crore in Q3FY25).
- Revenue from Operations: Rs.2119.0 crore (down from Rs.2612.9 crore in Q3FY25).
- EBITDA showed strength, rising to Rs.269.3 crore (up from Rs.218.3 crore), leading to an EBITDA margin of 12.2%.
- Profit After Tax (PAT): Rs.99.9 crore (up from Rs.86.1 crore in Q3FY25).
- Earnings Per Share (EPS) for the quarter stood at Rs.1.07 per share (face value Rs.2/-).
Consolidated Performance Highlights (9MFY26 vs. 9MFY25)
For the cumulative nine-month period, the top line saw a reduction:
- Total Income: Rs.6210.8 crore (down from Rs.7615.8 crore in 9MFY25).
- Revenue from Operations: Rs.5882.0 crore (down from Rs.7347.5 crore in 9MFY25).
- EBITDA was reported at Rs.890.2 crore (compared to Rs.918.6 crore in 9MFY25), with the margin improving to 14.3%.
- Profit After Tax (PAT): Rs.400.5 crore (down from Rs.516.1 crore in 9MFY25).
- EPS for the half year (not annualized) was Rs.4.29 per share.
Standalone Financial Snapshot
Standalone results for Q3FY26 indicated declines across key metrics compared to Q3FY25, including Total Income falling 20.1% to Rs.2053.5 crore and PAT dropping 35.2% to Rs.91.2 crore.
For the 9MFY26 standalone period, Total Income was Rs.5852.20 crore (a 19.9% decrease), and PAT stood at Rs.426.42 crore (a 17.9% decrease).
Order Book and Dividend Declaration
As of 31.12.2025, the total order book stands impressively at Rs.23,801 crore. The breakdown is heavily weighted towards the core segment:
- Railways: Rs.17,781 crore
- Highways: Rs. 4,297 crore
- Others: Rs. 1,723 crore
Further boosting shareholder value, the Board of Directors (BoD) has approved an interim dividend of Rs.1.20 per equity share (face value Rs.2/-) for the Financial Year 2025-26.
Industry Outlook and Strategic Positioning
IRCON emphasizes that the Indian infrastructure sector is undergoing a significant transformation driven by strategic government action, particularly through initiatives like PM Gati Shakti, the National Logistics Policy, Bharatmala, and Sagarmala. IRCON remains strategically positioned to leverage this growth, utilizing its core competence in Railway and Highway construction, including specialized areas like ballastless track, tunneling, and Metro Rail systems.
Source: BSE
