IRCON International Limited’s Board has approved the unaudited financial results for Q2 2026, ending September 30, 2025. The results reflect a restatement due to a prior period error identified in a joint venture. There is no impact on the current or comparative periods’ profit and loss.
Q2 2026 Financial Results Approved
The Board of Directors at IRCON International Limited has approved the unaudited financial results for the second quarter of the financial year 2026 (Q2 2026), concluding on September 30, 2025. The decision was made during the board meeting held on November 12, 2025.
Prior Period Error Restatement
During Q2 2026, a prior period error was identified pertaining to the overstatement of deferred tax assets amounting to ₹227.47 Crores as of March 31, 2024. This occurred in the financial statement of Chhattisgarh East Railway Limited (“CERL”), a joint venture. In compliance with accounting standards, IRCON has restated its consolidated financial statements from April 1, 2024.
The impact of the adjustment on IRCON’s investment in CERL and retained earnings is ₹57.57 crores (25.31% of ₹227.47 Crores). According to the announcement, the adjustment pertains entirely to the earliest period presented, and there is no impact on the current or comparative periods’ profit and loss.
Standalone Financial Highlights (₹ in Crore)
Total Income from Operations: ₹1,851.53
Net Profit (Loss) Before Tax: ₹226.37
Net Profit After Tax: ₹184.67
Consolidated Financial Highlights (₹ in Crore)
Total Income from Operations: ₹1,976.75
Net Profit (Loss) Before Tax: ₹172.45
Net Profit After Tax: ₹136.51
Source: BSE
