IRCON International Q2 results: Government construction company Ircon International Ltd announced its September quarter (Q2 FY26) results on Wednesday (November 12). The company’s net profit declined by 33.7% year-on-year to ₹136.5 crore. It was ₹205.9 crore in the same quarter last year.
Decline in revenue and EBITDA
IRCON’s revenue declined 19.2% to ₹1,976 crore in the September quarter from ₹2,447.5 crore last year. EBITDA also fell 29.6% to ₹141.7 crore. Last year it was ₹201 crore. During this period, EBITDA margin declined to 7.2%, which was 8.2% last year.
The total income of the company was ₹2,112.2 crore. A year ago it was ₹2,538.6 crore. Profit before tax was ₹ 172.5 crore, which was ₹ 262.3 crore last year. The company’s earnings per share (EPS) stood at ₹1.47 on a share with a face value of ₹2.
six months performance
The company’s total income for the half financial year ending September 30, 2025 (H1 FY26) stood at ₹4,004.6 crore, compared to ₹4,923.9 crore last year. Revenue from operations during this period stood at ₹3,763 crore, whereas last year it was ₹4,734.7 crore.
EBITDA stood at ₹620.9 crore, with margin of 15.5%. It was ₹700.2 crore in the same half a year ago. Profit before tax stood at ₹384 crore, compared to ₹544.2 crore last year. Profit after tax declined to ₹300.6 crore, from ₹430 crore last year. EPS stood at ₹3.22 per share during the period.
IRCON’s strong order book
IRCON’s total order book as of September 30, 2025 stood at ₹23,865 crore. This included ₹17,952 crore for railway projects, ₹4,605 crore for highway projects and ₹1,308 crore for other projects.
Status of IRCON shares
Shares of IRCON International closed 1.12% higher at ₹166.30 on the BSE on Wednesday. The stock is up 3.71% in the last 6 months. However, the stock is down 16.03% in 1 year. This year i.e. in 2025 also it has fallen by 23.70%. The stock has given a return of 298.80% in the last 5 years.
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What is the business of IRCON?
IRCON International Ltd is a public sector company of the Government of India. It works in the infrastructure construction sector. It mainly designs and develops large engineering and construction projects like railways, highways, bridges, tunnels, airports, metro and power projects. This company works under the Ministry of Indian Railways.
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