IRCON International Q2 Profit Takes 26.5% Hit To ₹100.3 Crore Despite 14.9% Revenue Growth, Railway-Led Order Book Stands Strong At ₹21,296 Crore
Mumbai: State-owned engineering and construction company IRCON International reported a 26.5 per cent year-on-year decline in consolidated net profit to Rs 100.3 crore for the second quarter ended September 30, 2026, compared with Rs 136.5 crore in the corresponding period last year. The decline in profitability came despite double-digit revenue growth, highlighting pressure on earnings during…
Mumbai-based engineering and construction firm IRCON International faced a 26.5% drop in net profit to ₹100.3 crore during Q2 FY27, despite a 14.9% rise in revenue to ₹2,271.7 crore. The company's earnings per share remained unchanged at ₹2.62, as reported by the state-owned entity. Revenue growth was evident, but profitability suffered, with a 7.6% increase in EBITDA to ₹319.5 crore, yet a 1.6% contraction in EBITDA margin to 13.5%.
The company's order book stood robust at ₹21,296 crore, with railway projects comprising 76.3% of the commitments, followed by highway projects and other infrastructure sectors.
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