Ircon International Ltd

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

Ircon International has fixed 17 February 2026 as record date for interim dividend of Rs 1.20 per equity share of face value of Rs 2 for FY 2025-26. The dividend will be paid from 26 February 2026. Powered by Capital Market - Live

However, revenue from operations declined 18.89% to Rs 2,119.04 crore during the quarter, compared with Rs 2,612.86 crore in the same quarter last year. Profit from operations before tax stood at Rs 134.69 crore in Q3 FY26, up 2.17%, compared with Rs 131.82 crore recorded in the same quarter last year. EBITDA were at Rs 269.3 crore in Q3 FY26, up 23.36% as compared with Rs 218.3 crore in Q3 FY25. The company's EBITDA margin stood at 12.2% in Q3 FY26. The company's revenue from international customers fell 38.47% YoY to Rs 49.52 crore in Q3 FY26, while revenue from domestic customers decreased 18.27% YoY to Rs 2,069.52 crore. As of 31 December 2025, the total order book stands at Rs 23,801 crore, with the Railways segment accounting for Rs 17,781 crore, Highways contributing Rs 4,297 crore, and other segments making up Rs 1,723 crore. The board of directors has approved an interim dividend of Rs 1.20 per equity share of Rs 2 each for the financial year 2025-26. On its outlook, the company is well-positioned to capitalize on India's rapidly evolving infrastructure landscape. With robust government support through initiatives like PM Gati Shakti, Bharatmala, Sagarmala, and the Smart Cities Mission, alongside increased CAPEX of Rs 12.20 lakh crore and new high-speed rail and freight corridors proposed in Budget 2026, the company expects strong growth opportunities across railways, roadways, and urban infrastructure projects. Leveraging its existing order book and strategic capabilities, the company is poised to benefit from these developments and strengthen its market presence. 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, commercial complexes, as well as metro rail works. Shares of Ircon International shed 0.93% to Rs 154.90 on the BSE. Powered by Capital Market - Live

Net profit of Ircon International rose 16.25% to Rs 100.66 crore in the quarter ended December 2025 as against Rs 86.59 crore during the previous quarter ended December 2024. Sales declined 18.90% to Rs 2119.04 crore in the quarter ended December 2025 as against Rs 2612.86 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales2119.042612.86 -19 OPM %7.455.05 - PBDT176.27162.34 9 PBT134.69131.82 2 NP100.6686.59 16 Powered by Capital Market - Live