IRCON international reports strong Q2, H1 FY26 financials; order book robust

IRCON International Limited, a Navratna public sector enterprise, reported its unaudited financial results for the quarter and half year ended September 30, 2025. Consolidated total income reached Rs.2112.2 crore for Q2FY26 and Rs.4004.6 crore for H1FY26, with profit after tax (PAT) at Rs.136.5 crore and Rs.300.6 crore, respectively. Standalone figures show operating revenue of Rs.1851.5 crore for Q2FY26 and Rs.3515.7 crore for H1FY26, with PAT at Rs.184.7 crore and Rs.335.2 crore.

A prior period error related to an overstatement of deferred tax assets amounting to Rs.227.47 crores in Chhattisgarh East Railway Limited (CERL) was identified. IRCON restated its consolidated financial statements from April 01, 2024, to reflect its Rs.57.57 crores share of this adjustment, with no impact on current or comparative profit and loss.

The company’s total order book stands at Rs.23,865 crore as of September 30, 2025, with railways comprising Rs.17,952 crore, highways Rs.4,605 crore, and others Rs.1,308 crore. Approximately 62.2% of these orders were secured through competitive bidding. IRCON noted significant opportunities in infrastructure, driven by government initiatives and substantial CAPEX allocations in the Union Budget 2025.