IRCON

What Ircon International promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q4 FY26

what the last two calls moved 12 tracked 2 delivered 2 missed 8 open
  • FY26 PAT Margin delivered said Q3 FY25 Promised: 5% to 5.5% Q4 FY26: Actual FY26 PAT of ₹592 cr on revenue of ₹9,502 cr resulted in a PAT margin of 6.23%, meeting the revised guidance and exceeding the original target.
  • Asset Monetization delayed said Q4 FY24 Promised: Monetize operational road/highway assets Q4 FY26: The topic of asset monetization was not addressed in the earnings call or presentation.
  • CERL JV Loss Period delayed said Q4 FY24 Promised: Losses for another 2 years Q4 FY26: The timeline was pushed out again, with management now expecting break-even 'in the next two years'.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 12 tracked commitments for Ircon International — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens