New Delhi: Ircon International Limited (IRCON), a Navratna public sector enterprise under the Ministry of Railways, reported a 44 percent year-on-year decline in consolidated Profit After Tax (PAT) to Rs 92 crore for the quarter ended June 30, compared with Rs 164.1 crore in the corresponding quarter of the previous fiscal.
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The company's consolidated total income increased 7.9 percent year-on-year to Rs 2,042.7 crore in Q1FY27 from Rs 1,892.4 crore in Q1FY26. Revenue from operations rose 9.5 percent to Rs 1,955.8 crore from Rs 1,786.3 crore.
However, EBITDA declined to Rs 278.7 crore from Rs 323.9 crore in the year-ago quarter, with the EBITDA margin standing at 13.6 percent. Profit Before Tax (PBT) fell to Rs 126.8 crore from Rs 211.5 crore in Q1FY26.
On a sequential basis, the company's consolidated performance moderated from the March 2026 quarter. Total income declined from Rs 3,291.2 crore in Q4FY26 to Rs 2,042.7 crore, while revenue from operations fell from Rs 3,189 crore to Rs 1,955.8 crore. EBITDA declined from Rs 389.2 crore to Rs 278.7 crore, while PAT fell from Rs 191.5 crore to Rs 92 crore.
On a standalone basis, IRCON reported total income of Rs 1,926.5 crore in Q1FY27, up 8.8 percent year-on-year. Revenue from operations rose 8.2 percent to Rs 1,800.3 crore, while EBITDA increased 5.7 percent to Rs 221.8 crore. Standalone PBT grew 4.6 percent to Rs 203.5 crore and PAT rose 8.6 percent to Rs 163.5 crore.
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IRCON's total order book stood at Rs 23,366 crore as of June 30, 2026. Railways accounted for the largest share at Rs 17,989 crore, followed by highways at Rs 3,747 crore and other segments at Rs 1,630 crore.
The company said India's infrastructure sector continues to witness strong growth, supported by government initiatives, private sector participation and urbanisation. It highlighted continued investments in roads, railways, airports, logistics and urban infrastructure, along with initiatives such as PM Gati Shakti, the National Logistics Policy, Bharatmala and Sagarmala.
IRCON said the Rs 12.2 lakh crore capital expenditure allocation in Budget 2026, along with proposals for seven high-speed rail corridors and a dedicated freight corridor, is expected to create opportunities across the infrastructure value chain. The company said it remains focused on strengthening its capabilities to leverage emerging opportunities and support India's infrastructure development.
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