New Delhi: IRCON International Limited, a government-owned Navratna infrastructure and construction PSU, reported a decline in financial performance for Q3 FY26, with standalone revenue falling 20.4% to ₹1,965.35 crore and net profit dropping 35.2% to ₹91.18 crore compared to the same period last year. The company’s nine-month performance reflected similar trends, with revenue declining 21.1% to ₹5,481.07 crore.
Despite these challenges, the Board of Directors approved an interim dividend of ₹1.20 per equity share for FY2025-26, with a record date of February 17, 2026.
Q3 FY26 Standalone and Consolidated Performance
Standalone Results (Q3 FY26 vs Q3 FY25):
- Revenue from Operations: ₹1,965.35 crore (-20.4%)
- Total Income: ₹2,053.52 crore (-20.1%)
- Net Profit After Tax: ₹91.18 crore (-35.2%)
- Profit Before Tax: ₹131.19 crore (-25.8%)
Nine-Month Performance (FY26 vs FY25):
- Revenue from Operations: ₹5,481.07 crore (-21.1%)
- Net Profit After Tax: ₹426.42 crore (-17.9%)
- Earnings Per Share (Standalone): ₹4.53 (-17.9%)
Consolidated Results:
- Q3FY26 Revenue: ₹2,119.04 crore vs ₹2,612.86 crore (Q3FY25)
- Net Profit Attributable to Owners: ₹100.66 crore vs ₹86.59 crore (Q3FY25)
- Nine-Month Revenue: ₹5,882.07 crore; Net Profit: ₹403.87 crore
Segment-wise Performance
IRCON operates across domestic and international markets:
- Domestic Q3FY26 Revenue: ₹1,915.83 crore (down from ₹2,389.86 crore)
- International Q3FY26 Revenue: ₹49.52 crore (down from ₹80.49 crore)
Nine-month data also shows domestic operations forming the majority of revenue, while international operations contributed modestly.
Read also: IRCON Appoints Sudhir Singh as Director Projects to Strengthen Railway and Infrastructure Projects
Interim Dividend Declaration
Despite the decline in profits, IRCON declared an interim dividend of ₹1.20 per equity share (Face Value ₹2/-), representing 60% of paid-up equity share capital.
- Record Date: February 17, 2026
- Payment Start Date: February 25, 2026
The decision reflects the company’s commitment to shareholder returns, even amid a challenging market environment.
Operational and Audit Highlights
- Financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 11, 2026.
- Results comply with Indian Accounting Standards (Ind AS 34).
- Auditor reports confirmed no material misstatements, though several foreign branches and joint ventures relied on other auditors’ reports or management certifications.
- Key operational notes included liquidation basis for IRSDC and going concern basis for Ircon-Soma Tollway Pvt Ltd, with no anticipated impairment to investments.
About IRCON International Limited
IRCON International Limited is a government-owned Navratna PSU specializing in infrastructure and construction projects in India and abroad. The company undertakes large-scale railway, road, metro, and industrial projects, contributing significantly to India’s infrastructure development and global operations.
