New Delhi: IRCON International Limited, a Navratna public sector enterprise under the Ministry of Railways, on Wednesday announced its financial results for the second quarter and first half of FY26. The company reported a decline in revenue and net profit compared to the corresponding periods of the previous fiscal year.
Q2FY26 Performance Highlights
For Q2FY26, IRCON recorded a total income of ₹2,112.2 crore, down from ₹2,538.6 crore in Q2FY25. Revenue from operations fell to ₹1,976.8 crore against ₹2,447.5 crore in the same period last year. The company’s EBITDA for the quarter stood at ₹297.0 crore, with a margin of 14.1%, compared to ₹342.8 crore previously. Profit before tax dropped to ₹172.5 crore from ₹262.3 crore, while net profit fell to ₹136.5 crore from ₹205.9 crore. Earnings per share (EPS) for the quarter were ₹1.47 per equity share of face value ₹2.
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H1FY26 Performance Highlights
For the first half of FY26, IRCON posted total income of ₹4,004.6 crore, down from ₹4,923.9 crore in H1FY25. Revenue from operations stood at ₹3,763.0 crore compared to ₹4,734.7 crore a year ago. EBITDA for H1FY26 was ₹620.9 crore, with a margin of 15.5% versus ₹700.2 crore in H1FY25. Profit before tax fell to ₹384.0 crore from ₹544.2 crore, while net profit decreased to ₹300.6 crore from ₹430.0 crore. EPS for the half-year was ₹3.22 per equity share.
Key Drivers and Outlook
The decline in revenue and profit reflects ongoing challenges in the infrastructure and construction sectors, including delayed project execution and cost pressures. Despite this, IRCON continues to maintain a strong order book and is actively pursuing new projects across India and abroad, ensuring sustainable long-term growth.
About IRCON International
IRCON International Limited is a Navratna public sector undertaking under the Ministry of Railways, engaged in construction, engineering, and project management services for infrastructure projects in India and overseas. The company is a major player in railway, road, and metro projects and contributes significantly to India’s infrastructure development initiatives.
