Ircon Q1 FY27: Revenue Up, Profit Pressure, Order Book Holds Steady

Consolidated operating revenue was Rs 1,955.8 crore, EBITDA was Rs 278.7 crore, and PAT was Rs 92.0 crore for Q1FY27.

Operating revenue increased 9.5% YoY (Rs 1,786.3 crore to Rs 1,955.8 crore), while EBITDA decreased 14.0% and PAT decreased 43.9%.

Standalone operating revenue was Rs 1,800.3 crore, EBITDA was Rs 221.8 crore, and PAT was Rs 163.5 crore for Q1FY27.

Order book is Rs 23,366 crore. Sector mix: Railways 77% (Rs 17,989 crore), Highways 16% (Rs 3,747 crore), Others 7% (Rs 1,630 crore). Geography mix: Domestic 91% (Rs 21,377 crore) and International 9% (Rs 1,989 crore).

As of 30.06.2026, competitive bidding contributes 55% (Rs 12,920 crore) and nomination contributes 45% (Rs 10,446 crore) of the order book.

For FY26, consolidated operating revenue was Rs 9,071.1 crore, EBITDA was Rs 1,279.3 crore, and PAT was Rs 591.9 crore.

It cited Union Budget 2026 capex allocation of Rs 12.2 lakh crore, Indian Railways outlay of INR 2.78 lakh crore, Indian Railways renewable power target of 30 GW by 2029-30, and highways outlay of INR 3.10 lakh crore along with 8 high-speed corridor projects (936 km, Rs 50,655 crore).