Rs 20,973 crore order book: Railway infrastructure company reports revenue of Rs 1,786.30 crore and PAT of Rs 164.10 crore in Q1FY26

IRCON International Ltd. is a Navratna Public Sector Enterprise and a leading turnkey construction company under the Ministry of Railways. Known for its quality and performance, IRCON's core expertise lies in Railways and Highways, encompassing projects like track construction, electrification, tunnelling and various infrastructure developments, including roads, buildings and metro systems. With a significant presence, IRCON has successfully completed over 130 projects in 25 countries globally and 405 projects across India.

Results: For the first quarter of fiscal year 2026 (Q1FY26), Revenue from Operations was reported at Rs 1,786.30 crore, a decrease of Rs 22 per cent from Rs 2,287.10 crore in Q1FY25. Profit After Tax (PAT) for the quarter also saw a decline of 27 per cent, standing at Rs 164.10 crore in Q1FY26 compared to Rs 224 crore in the same period last year. Looking at the full fiscal year 2025 (FY25), Revenue from Operations was Rs 10,193.10 crore, down from Rs 11,950.40 crore in FY24. Similarly, PAT for the full year was Rs 737.60 crore in FY25, a decrease from Rs 862.90 crore in FY24.

Order Book Update: The total order book as of June 30, 2025, stands at Rs 20,973 crore.

The break-up is as follows:

1. Railways – Rs 15,724 crore
2. Highways – Rs 4,234 crore
3. Others – Rs 1,015 crore

IRCON is a PSU company with a market cap of over Rs 15,000 crore. The stock gave multibagger returns of 330 per cent in just 3 years whereas the BSE Sensex Index is up by 38 per cent.

Industry Outlook/ Way Forward

India's infrastructure sector is experiencing a significant and promising transformation, catalysed by strategic government action, growing private sector engagement and rapid urbanisation. The nation is aggressively expanding its transportation network, with a strong focus on roadways, railways and airports. Landmark government initiatives are driving this development: PM Gati Shakti is set to revolutionise logistics with three new railway corridors, while the National Logistics Policy, Bharatmala and Sagarmala Projects further bolster connectivity. Urban renewal is also advancing through Pradhan Mantri Awas Yojana, the Smart Cities Mission and enhanced public transit via Metro Rail and NaMo Bharat. This robust government backing creates a fertile ground for growth and IRCON is strategically positioned to leverage these opportunities.

Disclaimer: The article is for informational purposes only and not investment advice.