IRCON Ircon International Q2 FY27 results (Jul–Sep 2026) and concall
Ircon International reported Q2 FY27 consolidated operating revenue of ₹2,272 crore and PAT of ₹100 crore amid a challenging operating environment characterized by sectoral headwinds and competition. The order book stood at ₹21,296 crore, with management aiming to achieve annual order inflows of ₹9,000 to ₹10,000 crore, backed by ₹25,000 crore of bids already submitted. Execution is being led by large projects like Sivok tunnels and the bullet train T-2 package, while under-construction HAM and coal connectivity SPVs are slated to reach completion and breakeven over the next 1-2 years.
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What they filed
Q2 FY27: revenue up 178.9%, net profit down 27.0% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | -11 | -10 | -22 | -19 | -19 −73% | -7 +30% | 9 +141% | 15 +179% |
| EBITDA | 132 | 254 | 200 | 141 | 158 +20% | 267 +5% | 192 −4% | 227 +61% |
| Net profit | 86 | 212 | 164 | 137 | 100 +16% | 191 −10% | 92 −44% | 100 −27% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.





