Ircon International Limited (IRCON) Earnings Call Transcripts

Ircon International Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Ircon International Limited reported a total revenue of INR 9,502 crores, a decline from INR 11,131 crores in the previous year. The company’s profit after tax (PAT) also decreased to INR 592 crores from INR 724 crores year-over-year. Management maintained guidance for FY '27 revenue to be similar to FY '26 levels, citing a challenging environment but expressing optimism about future order opportunities.

Reported metrics

Guidance from management

Management expects FY '27 revenue to be similar to FY '26 levels, maintaining a cautious outlook given the current order book and competitive environment.

What management said

As per budget '26, around INR 2.93 lakh crore funds have been sanctioned by government of India and huge and bigger projects in railways are in the pipeline. They are being floated. During '25, '26, we could secure orders of the order of around INR 5,000 crores, and we bid it for 107. We submitted 107 bps for around INR 48,000 crores. And many of them are still under evaluation. The results would be known in time to ...

No, how much were awarded by Indian Railways that figure would not be available with us in the company because that would be the domain of Indian Railways. They uploaded in the [indiscernible] tenders for civil, for electrical, for signaling some complex or mechanical, some integrated. So that figure I don't have right now available with me, but we secured for around INR 5,000 crores in total for the financial year. ...

What analysts pressed on

Analysts expressed concerns regarding the impact of geopolitical tensions on infrastructure spending and the ability to secure new orders. There is skepticism about whether the anticipated revenue of INR 9,000 crores for FY '27 can be achieved in light of these challenges.

Main topics on the call

• Revenue Decline — Ircon reported a total revenue of INR 9,502 crores for FY '26, down from INR 11,131 crores in FY '25. Management acknowledged that 'the company is facing a challenging environment marked by significant sectoral headwinds...
• Order Book Stability — The order book stood at INR 24,984 crores, approximately 2x the annual revenue. Management noted, 'we did manage to maintain the order book at about 2x of the annual revenue,' indicating a solid backlog despite revenue c...
• Core EBITDA Margin Improvement — Core EBITDA margin improved to 9.35%, an increase of 94 basis points year-over-year. This was highlighted as a positive aspect amidst declining revenues, with management stating, 'Core EBITDA margin in percentage terms h...
• Future Revenue Guidance — Management guided for FY '27 revenue to be maintained at similar levels to FY '26, indicating a cautious outlook. They stated, 'the guidance would be similar levels of FY '26,' reflecting uncertainty in securing new orde...

Read the full Ircon International Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 21 Ircon International Limited earnings call transcripts on record, spanning February 13, 2020 to May 25, 2026. Based on this history, Ircon International Limited reports semi-annually. The most recent call on file is dated May 25, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

IRCON

Exchange

NSEI

Country

IN

Sector

Industrials

Industry

Construction and Engineering

Calls on record

21

First call

February 13, 2020

Most recent

May 25, 2026

Reporting cadence

semi-annually