Ircon International Ltd. · NSE:IRCON
Ircon International — H1 FY26 Earnings Presentation
26 slides from Ircon International's earnings presentation, Nov 12, 2025
Slide 1: Intimation of Analysts Presentation to stock exchanges
IRCON/SECY/STEX/124 12th November, 2025 BSE Limited National Stock Exchange of India Limited Listing Dept./ Dept. of Corporate Services Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C-1, G Block, Dalal Street, Bandra –Kurla Complex, Mumbai – 400001 Bandra (East), Mumbai – 40
Slide 2: Analysts Presentation Q2 & H1 FY26
IRCON INTERNATIONAL LIMITED Analysts Presentation Q2 & H1 FY26 12 th November 2025
Slide 3: Safe Harbour
Safe Harbour No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the
Slide 4: IRCON - Journey
IRCON - Journey Established Granted Equity Shares Turnover crossed Highest Ever under the “Miniratna” listed on NSE & Rs.10,000 crore Turnover Achieved Companies Act Status BSE 1976 1992 1998 2006 2018 2020 2023 2023 2024 Converted into Schedule “A” Achieved Turnover Upgraded to Public Limited Compa
Slide 5: Key Achievements: Navratna CPSE under the Ministry of Railways
KEY ACHIEVEMENTS Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Railways Projects Executed Work Awards Completed 9,654 RKM 5,564 TKM Railway Railway Track USA ENR Electrification Construction 232nd 405 Companies Domestic 6,807 KMS 1.56 Mn Sqm. Roads and Buildings Highways For
Slide 6: Group Structure - Subsidiaries and JVs
GROUP STRUCTURE - SUBSIDIARIES AND JVs Ircon International Limited Subsidiaries (11 nos.) JVs (7 Nos.) Ircon Infrastructure & Services Limited (100%) Ircon Bikaner Phalodi Tollway Limited (100%) (BOT) Ircon Shivpuri Guna Tollway Limited (100%) (BOT) Ircon Davanagere Haveri Highway Limited (100%) (HA
Slide 7: Index
INDEX 1. Functional Directors 2. Key Financial Highlights (Consolidated) 3. Key Financial Highlights (Standalone) 4. Group Financial Performance 5. Standalone Financial Performance 6. Order Book 7. Opportunities 6
Slide 8: Functional Directors
FUNCTIO NAL DIRECTORS
Slide 9: Functional Directors
• Holds Bachelors’ degree in Civil Engineering from University of Roorkee (renamed as IIT/Roorkee) • Belongs to Indian Engineering Services of 1989 Batch • Previously worked as Director (Infrastructure) of DFCCIL, Executive Director (Works) in Ministry of Railways Shri Hari Mohan Gupta • Has vast ex
Slide 10: Key Financial Highlights (Consolidated)
Key Financial Highlights (Consolidated)
Slide 11: Financial Highlights (Consolidated) – Q2FY26 (Y-o-Y)
Financial Highlights (Consolidated) – Q2FY26 (Y-o-Y) (Rs. crore) Operating Revenue EBITDA Profit after Tax 343 206 2448 297 1977 137 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 EBITDA = PBT + Finance Cost + Depreciation & Amortisation 10
Slide 12: Financial Highlights (Consolidated) – Q2FY26 (Q-o-Q)
Financial Highlights (Consolidated) – Q2FY26 (Q-o-Q) (Rs. crore) Operating Revenue EBITDA Profit after Tax 1977 324 164 1786 297 137 Q1FY26 Q2FY26 Q1FY26 Q2FY26 Q1FY26 Q2FY26 EBITDA = PBT + Finance Cost + Depreciation & Amortisation 11
Slide 13: Financial Highlights (Consolidated) – H1FY26
Financial Highlights (Consolidated) – H1FY26 (Rs. crore) Operating Revenue EBITDA Profit after Tax 4735 700 430 3763 621 301 H1FY25 H1FY26 H1FY25 H2FY26 H1FY25 H2FY26 EBITDA = PBT + Finance Cost + Depreciation & Amortisation 12
Slide 14: Key Financial Highlights (Standalone)
Key Financial Highlights (Standalone)
Slide 15: Financial Highlights (Standalone) – Q2FY26 (Y-o-Y)
Financial Highlights (Standalone) – Q2FY26 (Y-o-Y) (Rs. crore) Operating Revenue EBITDA Profit after Tax 2299 260 202 239 185 1852 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 EBITDA = PBT + Finance Cost + Depreciation & Amortisation 14
Slide 16: Financial Highlights (Standalone) – Q2FY26 (Q-o-Q)
Financial Highlights (Standalone) – Q2FY26 (Q-o-Q) (Rs. crore) Operating Revenue EBITDA Profit after Tax 185 1852 239 1664 151 210 Q1FY26 Q2FY26 Q1FY26 Q2FY26 Q1FY26 Q2FY26 EBITDA = PBT + Finance Cost + Depreciation & Amortisation 15
Slide 17: Financial Highlights (Standalone) – H1FY26
Financial Highlights (Standalone) – H1FY26 (Rs. crore) Operating Revenue EBITDA Profit after Tax 379 4479 506 335 449 3516 H1FY25 H1FY26 H1FY25 H2FY26 H1FY25 H2FY26 EBITDA = PBT + Finance Cost + Depreciation & Amortisation 16
Slide 18: Group Financial Performance
Group Financial Performance
Slide 19: Financial Highlights (Consolidated) – Q2FY26
F IN A N C I A L H I G H L I G H T S ( C O N S O L I D AT E D ) – Q 2 F Y 2 6 Particulars (INR Crore) Y-o-Y Q2FY26 Q1FY26 Q-o-Q (%) Q2FY25 Y-o-Y (%) FY25 FY24 (%) Operating Revenue 1976.8 1786.3 10.7% 2447.5 (19.2%) 10759.6 12513.7 (14.0%) Total Expenses (Excl. Dep. & 1835.6 1586.4 15.7% 2246.6 (18.
Slide 20: Standalone Financial Performance
Standalone Financial Performance
Slide 21: Financial Highlights (Standalone) – Q2FY26
F IN A N C I A L H I G H L I G H T S ( S TA N D A L O N E ) – Q 2 F Y 2 6 Particulars (INR Crore) Q2FY26 Q1FY26 Q-o-Q (%) Q2FY25 Y-o-Y (%) FY25 FY24 Y-o-Y (%) Operating Revenue 1851.5 1664.2 11.3% 2298.9 (19.5%) 10193.1 11950.4 (14.7%) Total Expenses (Excl. Dep. & 1788.4 1561.6 14.5% 2194.3 (18.5%)
Slide 22: Order Book
Order Book
Slide 23: Order Book
ORDER BOOK Sector Geography Mode of Award 1308 6% 6% 2209 4605 9017 9% 19% 38% 62% 91% 75% 17952 14848 21656 Railways Highways Others Domestic International Nomination Competitive • Order Book of Rs.23,865 crore as on 30.09.2025. • Share of orders won on competitive bidding basis is about 62.2% of t
Slide 24: Opportunities
OPPORTUNITIES Infrastructure Projects National Rail Plan to give impetus to Railway Infrastructure Massive Govt. push to the CAPEX by allocation of Rs.11.21 lakh Crore in Union Outlay of INR 2.65 Lakh Crore was announced in Budget 2025 Union Budget for Indian Railways Expansion of National Infrastru
Slide 25: Formulas
FORMULAS 1. EBITDA : PBT + Depreciation & Amortization + Finance Cost 2. EBITDA Margin : (PBT + Depreciation & Amortization + Finance Cost)*100/ Total Revenue 3. CORE EBITDA : PBT + Depreciation & Amortization + Finance Cost – Other Income 4. CORE EBITDA Margin : (PBT + Depreciation & Amortization +
Slide 26: Thank You
THANK YOU For Further Information: Mr. Sachin Garg DGM/Finance/IR Ircon International Ltd. Tel: 011-26545368 E-mail: sachin.garg@ircon.org