Ircon Intl.
Ircon Intl. Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Ircon expects operating revenue for FY’26 to be in the range of Rs. PAT margins are expected to be in the range of 6% to 7% going forward (Page 5). - Margins are likely to compress by about 1% due to industry competition and lower margins on new orders (Page 6-7). - The company is targeting fresh order inflows of around Rs.
From Ircon Intl.'s Q2 FY26 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- Ircon expects operating revenue for FY’26 to be in the range of Rs. 10,000 crores to Rs. 11,000 crores.
- For FY’27, the company maintains a similar revenue outlook of around Rs. 10,000 crores.
- While the first half of FY'26 saw slightly lower turnover, the latter half is expected to witness higher execution and revenue pick-up.
- The order inflow target for the full year remains around Rs. 4,000 crores per half, indicating steady project acquisitions.
2 more points from Ircon Intl.'s call on revenue
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Profitability & Margins
See what Ircon Intl. said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The transcript does not explicitly mention any current or future capex or capital investment plans by Ircon International Limited.
- There is a mention of diversification into new segments like Kavach (a railway safety system) and a hydro power project, indicating strategic moves for future business expansion.
- There is discussion about ongoing projects and order inflows but no specific capex figures or strategic investment commitments disclosed.
2 more points from Ircon Intl.'s call on capex
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Top-ranked in Construction
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Ircon Intl. said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of September 30, 2025, Ircon International Limited's order book stood at Rs. 23,865 crore.
- Approximately 63% of the order book is from competitive bidding, and the remaining from nominations.
- Around 91% of the order book relates to domestic projects; the balance 9% is international.
- In the first half of FY’26, the company secured fresh orders worth over Rs. 4,000 crore.
- Similar order inflow of around Rs. 4,000 crore is targeted for the second half of FY'26.
2 more points from Ircon Intl.'s call on order book
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Ircon Intl. — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹3.2K Cr, net profit ₹191 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Ircon International Ltd's management said in earlier quarters
- Q2 FY25 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
- Q3 FY23 earnings call →
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Frequently Asked Questions
What were Ircon Intl. Q2 FY26 results?
Ircon expects operating revenue for FY’26 to be in the range of Rs. PAT margins are expected to be in the range of 6% to 7% going forward (Page 5). - Margins are likely to compress by about 1% due to industry competition and lower margins on new orders (Page 6-7). - The company is targeting fresh order inflows of around Rs.
What is Ircon Intl. share price analysis?
Ircon Intl. currently shows a neutral. The stock trades at a P/E of 22.4 with a market cap of ₹11,730 Cr. Investors should review the full earnings analysis for detailed insights.
Is Ircon Intl. planning capital expenditure?
The transcript does not explicitly mention any current or future capex or capital investment plans by Ircon International Limited.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.