New Delhi: IRCON International Limited, a Navratna Central Public Sector Enterprise under the Ministry of Railways, announced its audited standalone financial results for the quarter and year ended March 31, 2026, reporting a net profit of ₹192.03 crore in Q4 FY26.
The company also recommended a final dividend of ₹0.70 per equity share for FY26, taking the total dividend for the year to ₹1.90 per share (95% of face value).
Q4 FY26 Financial Performance Highlights
IRCON reported the following standalone performance for the quarter:
- Net Profit: ₹192.03 crore (vs ₹218.21 crore YoY)
- Revenue from Operations: ₹2,997.79 crore (vs ₹3,243.45 crore YoY)
- Total Income: ₹3,126.38 crore
- Profit Before Tax (PBT): ₹245.74 crore
- Earnings Per Share (EPS): ₹2.04
The company witnessed a marginal decline in both revenue and net profit compared to the same quarter last year.
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Full-Year FY26 Performance Shows Moderate Decline
For the financial year ended March 31, 2026, IRCON reported:
- Revenue from Operations: ₹8,478.86 crore (down 16.8%)
- Net Profit: ₹618.45 crore (down 16.2%)
- EPS: ₹6.58
Despite the decline, the company maintained stable profitability amid changing project execution dynamics.
Dividend Announcement for Shareholders
The Board of Directors approved a final dividend of ₹0.70 per share (face value ₹2), subject to shareholder approval at the AGM.
- Interim Dividend Already Paid: ₹1.20 per share
- Total FY26 Dividend: ₹1.90 per share
- Dividend Payout: 95% of face value
Segment Performance and Order Profile
Domestic and International Revenue
- Domestic Revenue: ₹8,182.62 crore
- International Revenue: ₹296.24 crore
The domestic segment continues to dominate IRCON’s business portfolio.
Key Corporate Developments
The company also highlighted several structural and strategic updates:
- IRSDC liquidation process initiated under Ministry of Railways direction
- ISTPL toll project nearing completion with asset handover to NHAI
- MCRL railway project phases to be transferred to Ministry of Railways
- Closure approval received for Bastar Railway Private Limited
- Prior period adjustments made in CERL investment accounting
These developments reflect ongoing restructuring within IRCON’s joint ventures and project assets.
Financial Position and Audit Status
- Total Assets: ₹21,306.68 crore
- Net Worth: ₹6,638.64 crore
- Audit Opinion: Unmodified (clean opinion)
The statutory auditors confirmed that the financial statements present a true and fair view of the company’s performance.
Outlook
IRCON continues to operate in a competitive infrastructure environment, with a gradual shift toward bidding-based project acquisition impacting revenue visibility. However, operational efficiency and stable margins indicate resilience in execution capability.
About IRCON International Limited
IRCON International Limited is a leading Indian engineering and construction company specializing in railway infrastructure, highways, and EPC projects. As a Navratna PSU under the Ministry of Railways, it plays a key role in India’s transport infrastructure development both domestically and internationally.
