Ircon International Limited , a Navratna public sector enterprise under the Ministry of Railways, has announced its financial results for the second quarter and first half of fiscal year 2026, revealing a decline in both revenue and profit.

Key Financial Highlights

For the quarter ended September 30, 2025 (Q2 FY26):

For the half-year ended September 30, 2025 (H1 FY26):

Financial Performance Analysis

The company experienced a significant decline in both revenue and profitability compared to the same periods in the previous fiscal year. The total income for Q2 FY26 decreased by 16.80% year-over-year, while the revenue from operations saw a sharper decline of 19.20%. This reduction in top-line performance has directly impacted the company's bottom line, with profit after tax falling by 33.70% in Q2 FY26 compared to Q2 FY25.

The half-yearly results also reflect a similar trend, with total income down by 18.70% and profit after tax decreasing by 30.10% compared to the first half of FY25.

Operational Performance

Despite the financial challenges, Ircon International maintains a robust order book of Rs. 23,865 crore as of September 30, 2025. The order book composition is as follows:

• Railways: Rs. 17,952 crore (75.20%)
• Highways: Rs. 4,605 crore (19.30%)
• Others: Rs. 1,308 crore (5.50%)

This diverse order book provides a foundation for potential future growth and revenue generation.

Profitability Metrics

The company's EBITDA margin stood at 14.10% for Q2 FY26 and 15.50% for H1 FY26, indicating that despite the revenue decline, Ircon International has managed to maintain relatively stable operational efficiency.

Outlook

The company's substantial order book of Rs. 23,865 crore provides a buffer against short-term revenue fluctuations and indicates potential for future growth. However, the declining revenue and profit trends highlight the need for strategic initiatives to improve performance in the coming quarters.

Investors and stakeholders will likely be looking for guidance from Ircon International's management on strategies to address the declining trends and capitalize on the strong order book position in the remainder of FY26 and beyond.

Ircon International Limited, a prominent engineering and construction company, has announced a significant change in its senior management. The company's Board of Directors has approved the appointment of Shri Vinod Kumar as Executive Director/Civil, effective November 3, 2025.

Key Appointment Details

Background and Experience

Shri Vinod Kumar brings a wealth of experience to his new role at Ircon International. Some notable points about his background include:

• IRSE Officer from the 1998 batch
• Extensive experience in various railway projects across India
• Worked on significant projects such as:
  • Lumding-Silchar Gauge Conversion Project
  • Rangia-Murkongselek Gauge Conversion Project
  • Harmuti – Naharlagun (Itanagar) New Line Project
  • Udhampur – Srinagar Baramulla Rail Link Project
  • Bairabi – Sairang (Aizawl) New Line Railway Project

Appointment Process

The appointment of Shri Vinod Kumar was made following due process:

1. Recommendation by the Nomination and Remuneration Committee
2. Approval by the Board of Directors
3. Compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

This appointment marks a significant addition to Ircon International's leadership team. With his extensive experience in railway projects, Shri Vinod Kumar is expected to contribute significantly to the company's civil engineering operations and strategic initiatives.

The company has duly informed the stock exchanges about this change in senior management, adhering to regulatory requirements and ensuring transparency for its stakeholders.