IRCON Ircon International Q4 FY26 results (Jan–Mar 2026) and concall
Ircon International reported a challenging FY26 with a decline in both revenue and PAT, primarily due to project execution delays and intense competitive pressures impacting standalone margins. Despite this, the company maintained a robust order book of ₹24,984 crores, offering strong revenue visibility. Core EBITDA margins improved on a percentage basis, and management expects revenue and consolidated PAT margins to remain stable in FY27, supported by contributions from PPP projects and improving international project profitability.
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What they filed
Q4 FY26: revenue down 6.5%, net profit down 9.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,448 | 2,613 | 3,412 | 1,786 | 1,977 −19% | 2,119 −19% | 3,189 −7% |
| EBITDA | 201 | 132 | 254 | 200 | 141 −30% | 158 +20% | 267 +5% |
| Net profit | 206 | 86 | 212 | 164 | 137 −33% | 100 +16% | 191 −10% |
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.
