Ircon International Ltd
Ircon International Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q4 FY26 call signalled
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The short version
For FY27, Ircon plans to maintain revenue levels similar to FY26, around Rs. FY27 revenue expected to be similar to FY26 (~Rs.9,000 crores) due to order book spread over multiple years and limited new major orders yet.
From Ircon International Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- For FY27, Ircon plans to maintain revenue levels similar to FY26, around Rs. 9,000 crores, based on the current order book, which is approximately double the annual revenue.
- Revenue growth is constrained by existing order execution timelines, with many projects spanning 2.5 to 3 years.
- New major order wins at the start of FY27 could improve revenue, but no significant increase is currently projected.
- The company has submitted bids worth Rs. 48,000 crores (107 bids) mainly in railway, highway, and bridge sectors, with many still under evaluation, indicating potential future order inflows.
- Despite global and regional challenges (e.g., Gulf crisis), management remains optimistic about infrastructure growth supported by government focus.
2 more points from Ircon International Ltd's call on revenue
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Profitability & Margins
See what Ircon International Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Ircon International plans capital expenditure of around Rs. 400-500 crores in FY26-27, primarily on SPV (Special Purpose Vehicle) projects focused on roads and coal connectivity railway projects.
- Routine CAPEX within the company, including machinery purchases, is expected to be about Rs. 50-60 crores.
- Total anticipated investments in subsidiaries and JVs are about Rs. 700-800 crores, with Rs. 500-600 crores expected to be spent in the current year.
2 more points from Ircon International Ltd'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 International Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book as of March 31, 2026: Rs. 24,984 crores.
- Order book composition: 54% competitive bidding, 46% nomination basis.
- Domestic orders constitute 92%, international 8%.
- Order book duration: projects lasting 2.5 to 3 years.
- New bids submitted in FY26: 107 bids worth Rs. 48,000 crores, many still under evaluation.
- Order book has increased compared to previous year (FY25).
- Future order prospects positive with large projects coming up, including Dedicated Freight Corridor.
- Order book expected to support similar revenue levels (~Rs. 9,000 crores) in FY27.
2 more points from Ircon International Ltd's call on order book
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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 FY26 results?
For FY27, Ircon plans to maintain revenue levels similar to FY26, around Rs. FY27 revenue expected to be similar to FY26 (~Rs.9,000 crores) due to order book spread over multiple years and limited new major orders yet.
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?
Ircon International plans capital expenditure of around Rs.
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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.