Ircon International’s Q2 earnings fall amid revenue decline

For Q2FY26, Ircon International's consolidated total income decreased to Rs.2112.2 crore from Rs.2538.6 crore in Q2FY25, with revenue from operations falling to Rs.1976.8 crore from Rs.2447.5 crore. Consolidated Profit After Tax (PAT) for the quarter was Rs.136.5 crore, a decline from Rs.205.9 crore in the prior year's comparable quarter. Earnings Per Share (EPS) for the quarter stood at Rs.1.47.

The half-year (H1FY26) consolidated results also showed a dip, with total income at Rs.4004.6 crore compared to Rs.4923.9 crore in H1FY25. Consolidated PAT for H1FY26 was Rs.300.6 crore, down from Rs.430.0 crore in H1FY25, resulting in an EPS of Rs.3.22. The company’s EBITDA margin for Q2FY26 was 14.1% and for H1FY26 was 15.5%.

On a standalone basis, Q2FY26 saw total income decrease by 17.4% to Rs.2027.3 crore, and PAT fell by 8.7% to Rs.184.7 crore. For H1FY26, standalone total income declined by 19.7% to Rs.3798.7 crore, with PAT decreasing by 11.5% to Rs.335.2 crore. As of September 30, 2025, the total order book stood at Rs.23,865 crore, with Railways comprising the largest share at Rs.17,952 crore.