Ircon International Ltd

IRCON has appointed Smt. Suman Bala (DIN: 11894015) as an Independent (Non-official Part-Time) Director on its Board of Directors, effective August 17, 2026, as per a regulatory filing. The appointment, approved by the Board, is for a period of three years or until further orders, and is based on an order from the Ministry of Railways dated August 13, 2026. Smt. Bala, aged 50, previously served as the Mayor of the Municipal Corporation, Faridabad, and holds a degree in Commerce from the University of Delhi.

Ircon International Ltd share price slipped 1.46% to Rs 128.1 after the company's net profit tumbled by 51.93% to Rs 92.03 crore, while revenue from operations dropped sharply 38.67% to Rs 1955.83 crore in Q2FY26 over Q1FY26. The market capitalization of Civil Construction industry group stocks on BSE stood at Rs 9.39 lakh crore, tumbling by 16.86%. It has eased by 1.63% over last one week and softened by 1.40% in last one month while the market capitalization of Ircon International Ltd has softened by 3.96% and 13.39% in the same period respectively. Profit before tax (PBT) of Ircon International Ltd stood at Rs 126.81 crore in Q2 FY26, crashing by 40.05% year-on-year, and nosediving by 48.83% quarter-on-quarter. EBITDA came in at Rs 118 crore, expanding by 26.07% YoY and plunging by 28.20% sequentially. Total expenses slumped by 39.46% to Rs 1795.58 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 61.55 crore, registering a fall of 72.64% YoY, while employee benefits expense was at Rs 66.81 crore, inching up 0.91% YoY. For the TTM ended FY26, revenue from operations contracted by 14.02% to Rs 10759.58 crore, while net profit tanked by 21.70% to Rs 727.83 crore, compared to previous TTM. EBITDA surged by 76645% to Rs 473.36 crore, and PBT collapsed by 25.54% to Rs 939.02 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 1109.53 crore in FY26, as against Rs 78.55 crore in FY25. Ircon International Ltd nosedived by 24.02% in last one year, underperforming the benchmark BSE Sensex which has eased by 3.04% during the same period.

IRCON has appointed Shri Vimal Kishor Nagar as Executive Director/Electrical and Shri P.V. Sreekanth as Executive Director/S&T, effective August 7, 2026. Nagar, who previously joined IRCON on deputation in June 2021 and was subsequently absorbed on April 15, 2026, brings over 30 years of experience in railway electrification and electrical infrastructure projects. Sreekanth, an IRSSE Officer with over 35 years of experience in Indian Railways, was also permanently absorbed by IRCON in November 2021.

IRCON has scheduled a board meeting for Wednesday, August 12, 2026, to consider and approve the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026, in compliance with SEBI’s Listing Obligations and Disclosure Requirements. The trading window for transactions in the company's securities, which was closed since July 1, 2026, will remain closed until August 14, 2026, for the purpose of announcing the results.

The contract involves the design, engineering, supply, installation, testing and commissioning of an underground power cable network, smart grid applications, SCADA, Advanced Distribution Management System (ADMS), Outage Management System (OMS), GIS mapping, optical fiber cable (OFC) communication system, and establishment of smart grid control centers under the Agartala Smart Grid project (Package-A) in Tripura. The project is scheduled to be executed within 24 months. The total contract value stands at Rs 763.10 crore, including GST. Under the joint venture arrangement, Badri Rai & Company, the lead partner, holds a 74% share amounting to Rs 564.70 crore, while IRCON's 26% share is valued at Rs 198.41 crore. Ircon International is a public sector construction company with an emphasis on infrastructure projects, with a specialization in the execution of railway projects on a turnkey basis and otherwise. After commencing business as a railway construction company, it diversified progressively to roads, buildings, electrical substations and distribution, airport construction, and commercial complexes, as well as metro rail works. IRCON International's consolidated net profit declined 9.13% to Rs 191.60 crore in Q4 FY26 from Rs 210.85 crore reported in Q4 FY25. Revenue from operations fell 6.54% to Rs 3,188.98 crore in the quarter ended 31 March 2026, compared with Rs 3,411.97 crore in the corresponding quarter of the previous year. Shares of IRCON International fell 1.73% to Rs 136.70 on the BSE.Powered by Capital Market - Live

Ircon International in joint venture with Badri Rai & Company (lead partner) has received an order worth Rs 763.10 crore from Tripura State Electricity Corporation. The company's share in the contract will be Rs 198.40 crore (for a 26% stake in the JV). The scope of the work includes Design, Engineering, Manufacture, Assembly, Inspection, Testing at Manufacturer's Works before Dispatch, Packing, Supply, Delivery at Site, Including Insurance during Transit, Subsequent Storage at delivery location(s), Erection, Testing and Commissioning of Under Ground Power Cable Network (HT & LT), Smart Grid Applications including Supervisory Control and Data Acquisition (SCADA), Advanced Distribution Management System (ADMS), Outage Management System (OMS), GIS Mapping & integration, Under Ground OFC Communication System by laying of Optical Fiber Cable (OFC), Integration with third party IT application softwares & hardwares (such as Billing, ERP, & CIS) along with Underground Power Cable and establishment of Smart Grid Control Centre (Main & Backup) with Distribution Network Automation (DNA) including facility management and O&M of system in Agartala Municipality Area, Tripura (Package-A) of Agartala Smart Grid.

Ircon International announced that the Board of Directors of the Company at its meeting held on 22 May 2026, inter alia, have recommended the final dividend of Rs 0.7 per equity Share (i.e. 35%) , subject to the approval of the shareholders.

Net profit of Ircon International declined 9.13% to Rs 191.60 crore in the quarter ended March 2026 as against Rs 210.85 crore during the previous quarter ended March 2025. Sales declined 6.54% to Rs 3188.98 crore in the quarter ended March 2026 as against Rs 3412.07 crore during the previous quarter ended March 2025. For the full year,net profit declined 18.14% to Rs 595.47 crore in the year ended March 2026 as against Rs 727.41 crore during the previous year ended March 2025. Sales declined 15.69% to Rs 9071.05 crore in the year ended March 2026 as against Rs 10759.58 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales3188.983412.07 -7 9071.0510759.58 -16 OPM %8.377.45 -8.447.85 - PBDT291.81295.18 -1 929.221056.90 -12 PBT247.83263.05 -6 766.50939.02 -18 NP191.60210.85 -9 595.47727.41 -18 Powered by Capital Market - Live

Ircon International will hold a meeting of the Board of Directors of the Company on 22 May 2026.

Ircon International surged 11.39%, while Rail Vikas Nigam advanced 3.28%, as the reports boosted investor sentiment in these stocks. According to media reports, the Ministry of Railways has moved a formal proposal to merge the two companies to create a larger and more integrated railway infrastructure entity. The proposal will now undergo a standard review process, which includes approvals from the Ministry of Finance, the Department of Public Enterprises and the Cabinet Committee on Economic Affairs (CCEA). If approved, the merger is expected to combine Rail Vikas Nigam's project management capabilities with Ircon International's expertise in turnkey railway construction and infrastructure development. The move is also seen as a step towards enhancing execution capacity, improving operational efficiency and strengthening the international presence of the combined entity. Meanwhile, BSE has sought clarification from the companies regarding the news report, and a response is awaited. Powered by Capital Market - Live