Ircon International Ltd
Ircon International Q4 FY25: Revenue ₹11,131 Cr
Q4 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
FY’25 revenue was Rs.11,131 crore with PAT Rs.728 crore; order book stood at Rs.20,347 crore. FY’26 revenues expected to remain similar to FY’25, with turnover range maintained due to order book and execution timelines.
From Ircon International Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY’25 revenue was Rs.11,131 crore with PAT Rs.728 crore; order book stood at Rs.20,347 crore.
- FY’26 turnover expected to remain similar to FY’25 due to steady order book and execution timelines.
- Order inflows for FY’25 were Rs.2,600 crore; Rs.1,150 crore already received in FY’26 till May.
- Orders from new verticals like Kavach, signaling diagnostic, hydro power indicate diversification.
- Margins expected to slightly decline by 0.5%-1% in FY’26 due to competition and some loss-making projects.
- Efforts to grow order book via aggressive bidding, JV tie-ups, and entry into new verticals like Kavach and signaling.
- Overseas order pursuits ongoing in Algeria, Myanmar, Sri Lanka, Bangladesh, and Nepal.
- Medium-term growth expected once order additions surpass Rs.20,000 crore mark to break away from degrowth phase.
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Profitability & Margins
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Capital Expenditure Plans
- The company has made investments of about Rs.1,500 crores in road projects, with Rs.400-500 crores still to be invested.
- In coal connectivity, investments of around Rs.1,000 crores have been made, with another Rs.500 crores pending.
- Renewable energy investments are mostly complete, with Rs.30-50 crores remaining to be invested in the current year.
- Overall, around Rs.2,300 crores have been invested across all SPVs, with about Rs.1,000 crores more planned, including approximately Rs.500 crores in the current financial year.
- The company aims to monetize operational PPP projects quickly once projects are completed, in coordination with Railways and DIPAM.
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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
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Order Book & Pipeline
- Order book as of March 31, 2025: Approximately Rs. 20,347 - 20,500 crore.
- Order inflows during FY’25: Rs. 2,600 crore.
- Order inflows for FY’26 till May 22, 2025: Rs. 1,150 crore.
- Recent significant order: Kavach project (South Western Railway) worth Rs. 253 crore.
- Additional Kavach tenders bid and under evaluation.
- Orders include a mix of domestic (around 90%) and international projects.
- Order book dominated by EPC projects, with gradual entry into new verticals like Kavach, signaling diagnostics, hydro power, and roads.
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Ircon International Ltd — 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.
Full financials →Continue your research
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 International Ltd Q4 FY25 results?
FY’25 revenue was Rs.11,131 crore with PAT Rs.728 crore; order book stood at Rs.20,347 crore. FY’26 revenues expected to remain similar to FY’25, with turnover range maintained due to order book and execution timelines.
What is Ircon International Ltd share price analysis?
Ircon International Ltd currently shows a neutral. The stock trades at a P/E of 22.4 with a market cap of ₹11,737 Cr. Investors should review the full earnings analysis for detailed insights.
Is Ircon International Ltd planning capital expenditure?
The company has made investments of about Rs.1,500 crores in road projects, with Rs.400-500 crores still to be invested.
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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.