IRCON Q4 Results: Net Profit Rises to ₹192 Cr, Total Dividend ₹1.90/Share

NEW DELHI, MAY 22, 2026: IRCON International Limited, a 'Navratna' Central Public Sector Enterprise under the Ministry of Railways, announced its audited standalone financial results for the quarter and year ended March 31, 2026, reporting a solid standalone net profit of ₹192.03 crore for Q4 FY26.

Standalone Financial Performance – Q4 FY26 (Highlights):

• Net Profit: ₹192.03 crore (vs. ₹218.21 crore in Q4 FY25)

• Revenue from Operations: ₹2,997.79 crore (vs. ₹3,243.45 crore in Q4 FY25)

• Total Income: ₹3,126.38 crore

• Profit Before Tax (PBT): ₹245.74 crore

• Earnings Per Share (EPS): ₹2.04 per share (Basic & Diluted) – Face value ₹2 per share

Also Read: REC Q3 Results: Net Profit Rises to ₹4,043 Crore | Indian Oil Q4 Results: Net Profit Soars to ₹11,377 Crore | JSW Energy FY26 Results | PTC India Q4 Results | NHPC Q4 Results | RCF Q4 Results

Shareholder Reward: Final Dividend Recommended
The Board of Directors recommended a final dividend of ₹0.70 per equity share (face value of ₹2 each) for the financial year 2025-26.

• Dividend Rate: 35% of the paid-up equity share capital

• Interim Dividend Paid: ₹1.20 per share (paid on February 11, 2026)

• Total Dividend for FY26: ₹1.90 per share (95% of face value)

• Status: Subject to approval of shareholders at the ensuing Annual General Meeting (AGM)

• Payment: Within 30 days from declaration at the AGM

Also Read: Indian Oil Q4 Results: Standalone Net Profit Soars 56% to ₹11,377 Crore

Standalone Financial Performance – Full Year FY26:

Segment-Wise Performance (Standalone, FY26):

Consolidated Financial Performance – Full Year FY26:

• Consolidated Net Profit: ₹591.92 crore (attributable to owners of parent: ₹595.47 crore)

• Consolidated Revenue from Operations: ₹9,071.05 crore

• Total Comprehensive Income: ₹596.09 crore

• Net Worth (Equity Share Capital + Other Equity): ₹6,638.64 crore

• Total Assets: ₹21,306.68 crore

Key Financial Ratios (Standalone):

Key Developments & Notes to Accounts:

1. Joint Ventures – Liquidation Basis of Accounting (IRSDC & ISTPL):

• Indian Railway Stations Development Corporation (IRSDC): Ministry of Railways decided in principle for closure of IRSDC. The process of voluntary liquidation has been initiated. Financial statements prepared on liquidation basis. As on March 31, 2026, net worth of IRSDC is ₹248.67 crore, out of which 26% share (₹64.65 crore) belongs to IRCON. Management does not perceive any impairment.

• Ircon-Soma Tollway Private Limited (ISTPL): Toll collection rights scheduled to cease on May 14, 2026 upon expiry of extended concession period. Highway assets to be handed over to NHAI. Financials prepared on basis other than going concern. As on March 31, 2026, net worth of ISTPL is ₹302.92 crore, out of which 50% share (₹151.46 crore) pertains to IRCON. Management does not foresee any impairment.

2. Prior Period Error – Chhattisgarh East Railway Limited (CERL):
A prior period error pertaining to overstatement of deferred tax assets amounting to ₹227.47 crore as at March 31, 2024 was identified in CERL's financial statements. IRCON holds 26% stake in CERL. The Group has restated its consolidated financial statements from April 1, 2024 to reflect the impact of ₹57.57 crore (25.31% of ₹227.47 crore) on its investment and retained earnings. No impact on Profit & Loss, Cash Flows, or EPS for current or comparative periods.

3. MCRL Project – Handover to Ministry of Railways:
It has been decided to handover Phase-I (Angul-Balram, 14 KM already operational) and Phase-II (Balram-Putgadia-Tentuloi, 54 KM under construction) of MCRL Project to Ministry of Railways. Legal formalities, pricing, and related modalities are in process. Company does not foresee any impairment in the value of investment at this stage.

4. Bastar Railway Private Limited – Closure Approved:
Ministry of Railways has granted in-principle approval for closure of Bastar Railway Private Limited, a joint venture company, and transfer of its assets and liabilities to MoR. Legal formalities, pricing, and related modalities are in process.

5. Labour Codes – Impact Not Material:
On November 21, 2025, the Government of India notified provisions of the new Labour Codes. The Group has assessed the incremental impact as not material and has been recognized in the financial results for the quarter and year ended March 31, 2026.

6. Board Meeting: The meeting commenced at 11:30 AM and concluded at 2:50 PM on May 22, 2026. The results were reviewed by the Audit Committee and approved by the Board.

7. Audit Opinion: The Statutory Auditors (M/s Ramesh C. Agrawal & Co., Chartered Accountants) have issued an unmodified opinion on both Standalone and Consolidated Audited Financial Results for the year ended March 31, 2026.

About IRCON International Limited: IRCON International Limited is a 'Navratna' Central Public Sector Enterprise under the Ministry of Railways, Government of India. The Company is a premier engineering and construction corporation specializing in railway infrastructure, highways, bridges, tunnels, and other large-scale infrastructure projects both in India and internationally. The Company has a strong presence in domestic and international markets with operations across multiple countries.