Press release- Highlights of Financial Performance for the fourth quarter and year ended on 31st March, 2026
IRCON · price
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IRCON International reported a 14.6% decline in full-year FY26 consolidated total income to Rs. 9,502 crore from Rs. 11,131 crore in FY25, while PAT fell 18.7% to Rs. 591.9 crore. However, Q4FY26 showed sequential recovery with PAT jumping 91.8% quarter-on-quarter to Rs. 191.5 crore, though it remained down 9.6% versus Q4FY25. EBITDA margin remained largely flat YoY at Rs. 1,279.3 crore. The company declared a total dividend of Rs. 1.90 per share (interim Rs. 1.20 already paid plus final Re. 0.70 subject to AGM approval). The order book stands at a robust Rs. 24,984 crore, providing near 2.6x FY26 revenue visibility.
Revenue contraction in FY26 raises concerns about execution scale, but strong Q4 sequential recovery and a healthy order book of Rs. 24,984 crore (including Rs. 19,459 crore in Railways) provide medium-term revenue visibility. Flat EBITDA despite revenue decline suggests cost management, though the PAT decline will weigh on near-term investor sentiment.