Ircon International Ltd. · NSE:IRCON
Ircon International — H1 FY27 Earnings Presentation
31 slides from Ircon International's earnings presentation, Nov 4, 2026
Slide 1: Regulation 30 intimation of investors' presentation
IRCON/SECY/STEX/124 4th November, 2026 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 – 400
Slide 2: Investors' Presentation Q2 & H1 FY27
Ircon Int ernational Li mit ed Investors’ Presentation Q2 & H1 FY27 Quarter and Half-Year Ended 30th September 2026 4th November 2026
Slide 3: Safe Harbour
Safe Harbour IR CON I N TE RN AT I ON AL L IM I T ED 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
Slide 4: IRCON - Journey
IRCON - Journey Established under Granted “Miniratna” Equity Shares listed Turnover crossed Highest Ever the Companies Act Status on NSE & BSE Rs.10,000 crore Turnover Achieved 1976 1992 1998 2006 2018 2020 2023 2023 2024 Converted into Upgraded to Schedule “A” Achieved Turnover Public Limited “Navr
Slide 5: Key Achievements
KEY ACHIEVEMENTS Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Railways PR OJ ECT S 408 Domestic 131 International CO MP LE TED EX EC UTE D WOR K 5,858 10,762 7,258 1.59 167 183 TKM RKM KMS Mn Sqm. KMS Nos. Railway Track Railway Roads and Buildings Tunnel Bridges Electrifica
Slide 6: Group Structure - Subsidiaries and JVs
GROUP STRUCTURE - SUBSIDIARIES AND JVs Ircon International Limited Subsidiaries (11 nos.) Ircon Infrastructure & 100% Ircon Bikaner Phalodi 100% Ircon Shivpuri Guna 100% Ircon Davanagere 100% Services Limited Tollway Limited BOT Tollway Limited BOT Haveri Highway Limited HAM Ircon Ludhiana Ircon Vad
Slide 7: Index
INDEX Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Railways 01 Functional Directors O V E R V IE W Key Financial Key Financial 02 Highlights 03 Highlights Consolidated Standalone H IGH LIG H TS Group Financial Standalone Financial 04 Performance 05 Performance PERFO RMANCE
Slide 8: Functional Directors
INDEX SEC TION 01 FUNCTIONAL DIRECTORS 01
Slide 9: Functional Directors
LEADERSHIP Functional Directors Shri Saleem Ahmad Smt. Ragini Advani Chairman & Managing Director (Additional Charge) Director (Finance) • Civil Engineering from Jamia Millia Islamia University, New Delhi • Chartered Accountant and Cost Accountant with Ranks • Over 35 years of extensive experience i
Slide 10: Key Financial Highlights (Consolidated)
I N D E X SECTION 02 KEY FINANCIAL HIGHLIGHTS 02 (Consolidated)
Slide 11: Financial Highlights (Consolidated) – Q2FY27 (Y-o-Y)
Financial Highlights (Consolidated) – Q2FY27 (Y-o-Y) (Rs. crore) Q2FY26 O P E RA T I NG RE V E N UE 1977 +14.9% 2272 Q2FY27 0 500 1000 1500 2000 2272 2500 YoY change Q2FY26 297 EBITDA +7.6% 319 Q2FY27 0 50 100 150 200 250 300 319 350 400 YoY change P R OF I T A F T E R T A X Q2FY26 137 Q2FY27 (27.0%
Slide 12: Financial Highlights Consolidated Q2FY27 (Q-o-Q)
FINANCIAL HIGHLIGHTS Consolidated | Q2FY27 (Q-o-Q) (Rs. crore) 1,956 2,272 +16.2% O P E RA T I NG RS. CRORE RS. CRORE Q-O-Q R E V EN U E Change Q1FY27 Q2FY27 279 319 +14.6% EBITDA RS. CRORE RS. CRORE Q-O-Q Q1FY27 Q2FY27 Change 92 100 +9.0% P R OF I T RS. CRORE RS. CRORE Q-O-Q AFTER TAX Change Q1FY27
Slide 13: Financial Highlights Consolidated H1FY27 (Y-o-Y)
FINANCIAL HIGHLIGHTS Consolidated | H1FY27 (Y-o-Y) (Rs. crore) O P E RA T I NG RE V E N UE EBITDA P R OF I T A F T E R T A X 621 598 301 3,763 4,227 192 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 +12.3% (3.70%) (36.0%) Y-O-Y Y-O-Y Y-O-Y H1FY27 vs H1FY26 H1FY27 vs H1FY26 H1FY27 vs H1FY26 EBITDA = PBT
Slide 14: Key Financial Highlights (Standalone)
I N D E X SECTION 03 KEY FINANCIAL HIGHLIGHTS (Standalone) 03 13
Slide 15: Financial Highlights (Standalone) – Q2FY27 (Y-o-Y)
Financial Highlights (Standalone) – Q2FY27 (Y-o-Y) (Rs. crore) Q2FY26 O P E RA T I NG RE V E N UE 1852 +12.9% 2090 Q2FY27 0 500 1000 1500 2000 2090 2500 YoY growth Q2FY26 239 EBITDA (16.7%) 199 Q2FY27 0 50 100 150 200 199 250 300 350 400 YoY change P R OF I T A F T E R T A X Q2FY26 185 Q2FY27 (34.0%
Slide 16: Financial Highlights Standalone Q2FY27 (Q-o-Q)
FINANCIAL HIGHLIGHTS Standalone | Q2FY27 (Q-o-Q) (Rs. crore) 1,800 2,090 +16.1% O P E RA T I NG RS. CRORE RS. CRORE Q-O-Q R E V EN U E Q2FY27 Change Q1FY27 222 199 (10.2%) EBITDA RS. CRORE RS. CRORE Q-O-Q Q1FY27 Q2FY27 Change 164 122 (25.4%) P R OF I T RS. CRORE RS. CRORE Q-O-Q AFTER TAX Change Q1FY
Slide 17: Financial Highlights Standalone H1FY27 (Y-o-Y)
FINANCIAL HIGHLIGHTS Standalone | H1FY27 (Y-o-Y) (Rs. crore) O P E RA T I NG RE V E N UE EBITDA P R OF I T A F T E R T A X 335 285 3,516 3,891 449 421 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 +10.7% (6.2%) (14.9%) Y-O-Y Y-O-Y Y-O-Y H1FY27 vs H1FY26 H1FY27 vs H1FY26 H1FY27 vs H1FY26 EBITDA = PBT + F
Slide 18: Group Financial Performance
I N D E X SECTION 04 04 GROUP FINANCIAL PERFORMANCE
Slide 19: Financial Highlights (Consolidated) – Income Statement
Financial Highlights (Consolidated) – Income Statement Particulars (INR Crore) Q2FY27 Q1FY27 Q-o-Q (%) Q2FY26 Y-o-Y (%) Operating Revenue 2271.7 1955.8 16.2% 1976.8 14.9% Total Expenses (Excl. Dep. & Finance Cost) 2033.1 1750.7 16.1% 1835.6 10.8% Core EBITDA 227.4 191.8 18.6% 161.6 40.7% Core EBITDA
Slide 20: Financial Highlights (Consolidated) – Income Statement
Financial Highlights (Consolidated) – Income Statement Particulars (INR Crore) H1 FY27 H1 FY26 Y-o-Y (%) FY 26 Operating Revenue 4227.5 3763.0 12.3% 9071.1 Total Expenses (Excl. Dep. & Finance Cost) 3783.8 3422.0 10.6% 8305.3 Core EBITDA 419.2 379.4 10.5% 848.4 Core EBITDA Margins (%) 9.9% 10.1% (16
Slide 21: Financial Highlights (Consolidated) – Balance Sheet
Financial Highlights (Consolidated) – Balance Sheet Particulars (INR Crore) H1FY27 H1FY26 FY26 Particulars (INR Crore) H1FY27 H1FY26 FY26 I. ASSETS: II. EQUITY AND LIABILITIES: 1. Non-Current Assets 9547 8934 9503 1. Equity 6803 6491 6671 (a) PPE, CWIP, Investment (a) Equity Share Capital 188 188 18
Slide 22: Standalone Financial Performance
I N D E X SECTION 05 05 STANDALONE FINANCIAL PERFORMANCE
Slide 23: Financial Highlights (Standalone) – Income Statement
Financial Highlights (Standalone) – Income Statement Particulars (INR Crore) Q2FY27 Q1FY27 Q-o-Q (%) Q2FY26 Y-o-Y (%) Operating Revenue 2090.2 1800.3 16.1% 1851.5 12.9% Total Expenses (Excl. Dep. & Finance Cost) 1988.7 1704.7 16.7% 1788.4 11.2% Core EBITDA 101.5 95.5 6.3% 63.1 60.8% Core EBITDA Marg
Slide 24: Financial Highlights (Standalone) – Income Statement
Financial Highlights (Standalone) – Income Statement Particulars (INR Crore) H1 FY27 H1 FY26 Y-o-Y (%) FY 26 Operating Revenue 3890.5 3515.7 10.7% 8478.9 Total Expenses (Excl. Dep. & Finance Cost) 3693.4 3350.0 10.3% 8126.0 Core EBITDA 197.1 165.7 18.9% 352.8 Core EBITDA Margins (%) 5.1% 4.7% 36bps
Slide 25: Financial Highlights (Standalone) – Balance Sheet
Financial Highlights (Standalone) – Balance Sheet Particulars (INR Crore) H1FY27 H1FY26 FY26 Particulars (INR Crore) H1FY27 H1FY26 FY26 I. ASSETS: II. EQUITY AND LIABILITIES: 1. Non-Current Assets 4314 1. Equity 6856 6458 6630 4386 4198 (a) PPE, CWIP, Investment (a) Equity Share Capital 188 188 188
Slide 26: Order Book
I N D E X SECTION 06 06 ORDER BOOK
Slide 27: Order Book
ORD ER BOOK INR Crore O R DE R B OO K Sector Geography Mode of Award Rs 21,296 7% 9% crore 17% 55% as on 30.09.2026 45% 76% 91% About 55% Share of orders won on Railways Domestic Nomination competitive bidding basis, Rs.16,271 Crore Rs.19,308 Crore Rs.9,614 Crore of the total order book Highways Int
Slide 28: Opportunities
I N D E X SECTION 07 07 OPPORTUNITIES
Slide 29: Opportunities
OPP ORTUNITIE S National Rail Plan to give impetus to Railway Infrastructure Projects Infrastructure Outlay of INR 2.93 Lakh Crore was announced in Union Massive Govt. push to the CAPEX by allocation of Budget for Indian Railways Rs.12.2 lakh Crore in Union Budget 2026 Indian Railways to require inv
Slide 30: Formulas
Formulas Particulars Formula EBITDA PBT + Depreciation & Amortization + Finance Cost EBITDA Margin (%) (PBT + Depreciation & Amortization + Finance Cost) × 100 / Total Revenue Core EBITDA PBT + Depreciation & Amortization + Finance Cost – Other Income (PBT + Depreciation & Amortization + Finance Cos
Slide 31: Thank You
Thank You For further information Mr. Sachin Garg DGM / Finance / IR Ircon International Ltd. Tel: 011-26545368 sachin.garg@ircon.org E-mail: sachin.garg@ircon.org