Ircon International Ltd. · NSE:IRCON
Ircon International — Q4 FY2026 Earnings Presentation
30 slides from Ircon International's earnings presentation, May 22, 2026
Slide 1: Intimation of Investor Presentation Q4 & FY26
IRCON/SECY/STEX/124 22nd May, 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 – 400051
Slide 2: Ircon International Limited Q4 & FY26 Investor Presentation
Ircon International Limited Q4 & FY26 Investor Presentation 22nd May 2026
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
KEY ACHIEVEMENTS Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Railways Projects Executed Work Awards Completed 10,669 RKM 5,740 TKM Railway USA ENR Railway Track Electrification Construction 239th Companies 405 (Top International Contracting Firms for Year 2025) Domestic 70
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
FU NCTI O NA L D IRE CTO RS
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: (Consolidated) – Q4FY26 (Y-o-Y)
Financial Highlights (Consolidated) – Q4FY26 (Y-o-Y) (Rs. crore) Operating Revenue EBITDA Profit after Tax 3412 389 212 3189 357 191 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Q4FY25 Q4FY26 EBITDA = PBT + Finance Cost + Depreciation & Amortisation 10
Slide 12: (Consolidated) – Q4FY26 (Q-o-Q)
Financial Highlights (Consolidated) – Q4FY26 (Q-o-Q) (Rs. crore) Operating Revenue EBITDA Profit after Tax 3189 389 191 2119 269 100 Q3FY26 Q4FY26 Q3FY26 Q4FY26 Q3FY26 Q4FY26 EBITDA = PBT + Finance Cost + Depreciation & Amortisation 11
Slide 13: (Consolidated) – FY26
Financial Highlights (Consolidated) – FY26 (Rs. crore) Operating Revenue EBITDA Profit after Tax 728 10760 1276 1279 9071 592 FY25 FY26 FY25 FY26 FY25 FY26 EBITDA = PBT + Finance Cost + Depreciation & Amortisation 12
Slide 14: Key Financial Highlights (Standalone)
Key Financial Highlights (Standalone)
Slide 15: (Standalone) – Q4FY26 (Y-o-Y)
Financial Highlights (Standalone) – Q4FY26 (Y-o-Y) (Rs. crore) Operating Revenue EBITDA Profit after Tax 3243 270 260 218 2998 192 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Q4FY25 Q4FY26 EBITDA = PBT + Finance Cost + Depreciation & Amortisation 14
Slide 16: (Standalone) – Q4FY26 (Q-o-Q)
Financial Highlights (Standalone) – Q4FY26 (Q-o-Q) (Rs. crore) Operating Revenue EBITDA Profit after Tax 2998 260 192 1965 144 91 Q3FY26 Q4FY26 Q3FY26 Q4FY26 Q3FY26 Q4FY26 EBITDA = PBT + Finance Cost + Depreciation & Amortisation 15
Slide 17: (Standalone) – FY26
Financial Highlights (Standalone) – FY26 (Rs. crore) Operating Revenue EBITDA Profit after Tax 738 963 10193 853 618 8479 FY25 FY26 FY25 FY26 FY25 FY26 EBITDA = PBT + Finance Cost + Depreciation & Amortisation 16
Slide 18: Group Financial Performance
Group Financial Performance
Slide 19: Financial Highlights (Consolidated) – Income Statement
Financial Highlights (Consolidated) – Income Statement Particulars (INR Crore) Q4FY26 Q3FY26 Q-o-Q (%) Q4FY25 Y-o-Y (%) Operating Revenue 3189.0 2119.0 50.5% 3412.1 (6.5%) Total Expenses (Excl. Dep. & Finance Cost) 2922.1 1961.3 49.0% 3150.6 (7.3%) Core EBITDA 286.9 182.1 57.6% 254.3 12.8% Core EBIT
Slide 20: Financial Highlights (Consolidated) – Income Statement
Financial Highlights (Consolidated) – Income Statement Particulars (INR Crore) FY26 FY25 Y-o-Y (%) Operating Revenue 9071.1 10759.6 (15.7%) Total Expenses (Excl. Dep. & Finance Cost) 8305.3 9914.8 (16.2%) Core EBITDA 848.4 904.6 (6.2%) Core EBITDA Margins (%) 9.4% 8.4% 94 bps Other Income 430.9 371.
Slide 21: Financial Highlights (Consolidated) – Balance Sheet
Financial Highlights (Consolidated) – Balance Sheet Particulars (INR Crore) FY26 FY25 I. ASSETS: 1. Non-Current Assets 9,503 8250 (a) PPE, CWIP, Investment property, Intangible Assets, RoUs 4,118 3,429 (b) Investment accounted for using Equity Method 1,065 828 (c) Financial Assets 3,572 3,091 (d) De
Slide 22: Standalone Financial Performance
Standalone Financial Performance
Slide 23: Financial Highlights (Standalone) – Income Statement
Financial Highlights (Standalone) – Income Statement Particulars (INR Crore) Q4FY26 Q3FY26 Q-o-Q (%) Q4FY25 Y-o-Y (%) Operating Revenue 2997.8 1965.4 52.5% 3243.5 (7.6%) Total Expenses (Excl. Dep. & Finance Cost) 2866.4 1909.6 50.1% 3105.2 (7.7%) Core EBITDA 131.4 55.7 135.6% 138.3 (5.0%) Core EBITD
Slide 24: Financial Highlights (Standalone) – Income Statement
Financial Highlights (Standalone) – Income Statement Particulars (INR Crore) FY26 FY25 Y-o-Y (%) Operating Revenue 8478.9 10193.1 (16.8%) Total Expenses (Excl. Dep. & Finance Cost) 8126.0 9714.0 (16.3%) Core EBITDA 352.8 479.2 (26.4%) Core EBITDA Margins (%) 4.2% 4.7% (54 bps) Other Income 499.7 484
Slide 25: Financial Highlights (Standalone) – Balance Sheet
Financial Highlights (Standalone) – Balance Sheet Particulars (INR Crore) FY26 FY25 I. ASSETS: 1. Non-Current Assets 4,314 3,941 (a) PPE, CWIP, Investment property, Intangible Assets, RoUs 820 799 (b) Financial Assets 3,112 2,727 (c) Deferred Tax Assets (Net) 148 141 (d) Other Non-Current Assets 234
Slide 26: Order Book
Order Book
Slide 27: Order Book
O RDE R B OO K Sector Geography Mode of Award 1,606 2,028 6% 11,525 3,919 16% 8% 46% 54% 92% 78% 19,459 13,459 22,956 Railways Highways Others Domestic International Nomination Competitive • Order Book of Rs.24,984 crore as on 31.03.2026. • Share of orders won on competitive bidding basis is about 5
Slide 28: Opportunities
O P PO RTUNI TI ES Infrastructure Projects National Rail Plan to give impetus to Railway Infrastructure Massive Govt. push to the CAPEX by allocation of Rs.12.20 lakh Crore in Union Outlay of INR 2.78 Lakh Crore was announced in Budget 2026 Union Budget for Indian Railways Announced new Dedicated Fr
Slide 29: Formulas
F OR MU LA S 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 & Amortizati
Slide 30: 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
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