IRCON Q1FY27 PAT Declines to ₹92 Crore, Revenue Up 9.3%
Ircon International reported Q1FY27 consolidated PAT of ₹92 crore, down from ₹164.1 crore in Q1FY26. Total income rose to ₹2042.7 crore from ₹1892.4 crore YoY. Revenue from operations increased to ₹1955.8 crore from ₹1786.3 crore. The order book stands at ₹23,366 crore as of June 30, 2026.
The decline in profitability (PAT and PBT) compared to the previous year and quarter, while revenue saw growth, indicates potential margin pressures or increased costs. The substantial order book provides some stability, but the reduced profitability could impact investor sentiment and future valuations.
The company reported a significant decrease in Profit After Tax (PAT) and Profit Before Tax (PBT) on a year-on-year basis, despite an increase in total income and revenue from operations. The quarter-on-quarter performance also shows a decline in key financial metrics.
Ircon International Limited announced its financial results for the first quarter ended June 30, 2026, reporting a consolidated Profit After Tax (PAT) of ₹92.0 crore, a decrease from ₹164.1 crore in Q1FY26. The company's total income for the quarter stood at ₹2042.7 crore, an increase from ₹1892.4 crore in the same period last year. Revenue from operations was ₹1955.8 crore, up from ₹1786.3 crore in Q1FY26. EBITDA for the quarter was ₹278.7 crore, with a margin of 13.6%, compared to ₹323.9 crore in Q1FY26. Profit Before Tax (PBT) was ₹126.8 crore, down from ₹211.5 crore in Q1FY26. The Earnings Per Share (EPS) for the quarter was ₹0.99 per equity share.
On a quarter-on-quarter basis, total income decreased to ₹2042.7 crore in Q1FY27 from ₹3291.2 crore in Q4FY26. Revenue from operations also saw a decline to ₹1955.8 crore from ₹3189.0 crore in Q4FY26. EBITDA was ₹278.7 crore, down from ₹389.2 crore in Q4FY26, with the EBITDA margin at 13.6%. PBT stood at ₹126.8 crore, a decrease from ₹247.8 crore in Q4FY26, and PAT was ₹92.0 crore, down from ₹191.5 crore in Q4FY26. The EPS for the quarter remained ₹0.99.
Standalone financial performance showed total income at ₹1926.5 crore and revenue from operations at ₹1800.3 crore for Q1FY27. EBITDA was ₹221.8 crore, PBT was ₹203.5 crore, and PAT was ₹163.5 crore. The standalone EPS was ₹1.74 per share.
As of June 30, 2026, Ircon's total order book stood at ₹23,366 crore, comprising ₹17,989 crore for Railways, ₹3,747 crore for Highways, and ₹1,630 crore for other segments. The company highlighted the strong growth in India's infrastructure sector, supported by government initiatives and increased CAPEX allocation. Ircon is strategically positioned to leverage these opportunities for sustained growth.
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Ircon International Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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