Analysts/Institutional Investor Meet/Con. Call Updates

IRCON/SECY/STEX/124 6th 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 – 400051 पी. जे. टावस(cid:330), दलाल (cid:720)(cid:332)ीट, ए(cid:411)च(cid:336)ज (cid:600)ाजा, (cid:600)ॉट नं सी-1, जी (cid:624)ॉक, मुंबई– 400001 बां(cid:363)ा-कु ला(cid:330) कॉ(cid:817)(cid:600)े(cid:411), बां(cid:363)ा (पूव(cid:330)), मुंबई-400051 Scrip code / ID: 541956 / IRCON Scrip Code: IRCON Sub: Transcript of the Q2 & H1 FY27 Investors’ Conference Call held on Thursday, 5th की ट(cid:332)ांसि(cid:354)(cid:592) Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”) and in continuation to our letter of even no. dated 30th October, 2026, please find enclosed the transcript of the post result Investors’ Conference Call held on Thursday, 5th November, 2026 to discuss the financial results of the Company for the quarter and half year ended on 30th September, 2026. In accordance with Regulation 46(2)(oa) SEBI LODR, the Transcript of the Investors’ Conference Call is also available on the Company’s website at the link https://www.ircon.org/Investor- Relations/presentation-and-earning-calls which can also be accessed through below mentioned path: www.ircon.org>> Investor Relations>> Presentation and Earning Calls>> Transcript of the Investors’ Conference Call held on 5th November, 2026 to discuss the financial results for the quarter and half year ended on 30th September, 2026. Thanking you/ध(cid:586)वाद, Yours faithfully/भवदीया (Pratibha Aggarwal)/((cid:366)ितभा अ(cid:356)वाल) Membership No/सद(cid:735)ता (cid:354).: F8874 Ircon International Limited November 05, 2026 “Ircon International Limited Q2 & H1 FY'27 Investors’ Conference Call” November 05, 2026 Management Ircon International Limited Mr. Saleem Ahmad : Chairman & Managing Director (AC) Mrs. Ragini Advani : Director Finance Mr. Alin Roy Choudhury : CFO & CGM Finance Mr. Ram Kumar Goyal : GM Finance Mr. Sachin Garg : DGM/ Investor Relations Page 1 of 12 Ircon International Limited November 05, 2026 Moderator: Good afternoon, ladies and gentlemen. I am Renju Thomas, the Moderator of this Conference Call. I thank everyone for joining us today for Ircon International Limited Q2 and H1 FY 2027 analyst conference call. Please note that this conference call is being recorded. At this moment, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. At this time, if you have a question, please press “*” and “1” on your telephone keypad. Today, we have with us the senior management represented by Mr. Saleem Ahmad, Chairman and Managing Director, Mrs. Ragini Advani, Director of Finance, Mr. Alin Roy Choudhury, CGM Finance and CFO, Mr. Ram Kumar Goyal, GM Finance, Mr. Sachin Garg, DGM Finance, Investor Relations. I would like to remind you that some of the statements that will be made in today's discussion may be forward-looking in nature. It is subject to several risks and uncertainties, and the actual results could differ materially. I would now like to hand the conference over to Mr. Saleem Ahmad, Chairman and Managing Director, for the opening remarks, after which we will have the forum open for the interactive and Q&A session. Thank you, and over to you, sir. Saleem Ahmad: Thank you. Good afternoon, ladies and gentlemen. I am Saleem Ahmad, Chairman and Managing Director of Ircon. On behalf of the entire Ircon team, I extend a warm welcome to each of you and sincerely thank you for joining us today for our earning calls for quarter two and H1 period ended 30th September 2026. Now, I request my Director of Finance to give brief about the financial performance of the company. Over to you, Ragini. Ragini Advani: Thank you. Thank you, sir. Good afternoon, everyone. I am Ragini Advani, Director of Finance. On behalf of my team, I extend a very warm welcome to all of you for your presence today at Ircon's Earning Calls for Q2 and H1 FY 2027. I have with me my team members, Mr. Alin Roy Choudhury – CFO, Mr. Ram Kumar Goyal – GM (Finance and Compilation), and Mr. Sachin Garg – DGM Investor Relations. Page 2 of 12 Ircon International Limited November 05, 2026 The operational environment remains challenging with sectoral headwinds and rising competition. The company has procured some orders during the quarter, though nominal, and the order book stands roughly 2x of the annual revenue. We do remain optimistic about the outlook and are taking measures to reinforce our position. Financial results as well as the presentation have already been uploaded on the stock exchanges. I am sure all of you have had the opportunity to review these. On consol basis, the company has reported total revenue of INR 2,364 crore and operating revenue of INR 2,272 crore in Q2 FY 2027. PAT of the company stands at INR 100 crore and core EBITDA at INR 227 crore in Q2 FY 2027. Earnings per share stands at INR 1.09 per equity share in Q2 FY 2027. This is not annualized, and this is on a face value of INR two per share. Order book of the company stood at INR 21,296 crore at 30th September 2026, wherein 55% of the orders are on competitive basis and the balance 45% on nomination basis. At present, 91% of our order book is domestic and the balance international. Ircon has 11 subsidiaries that includes roads, highways, and renewable projects. Ircon has seven joint ventures, mainly towards coal connectivity projects. Without taking much time, I would like to open the floor for Q&A session. Thank you. Moderator: Shall we open the line for questions? Ragini Advani: Yes, please. Moderator: Thank you. We will now begin the question-and-answer session. Ladies and gentlemen, we will wait for a moment while the question queue assembles. The first question comes from the line of Gaurav, who is an individual investor. Please go ahead. Gaurav: Thank you for giving me the opportunity, sir. I have a few questions that I would like to ask. First one was, how much is our own fund on the books as of now? Ragini Advani: Okay. Gaurav, answering your first question, our own funds are in the range of INR 800 crore-INR 900 crore. Gaurav: Okay. Thank you. I would like to know that we won one big order this quarter, and how would the order book scenario look like in the rest of the year, by close of the financial year and going forward, how would it look like? Would we be getting more orders on a bigger scale, as in big ticket orders, or would we be restricted to smaller orders? Page 3 of 12 Ircon International Limited November 05, 2026 Saleem Ahmad: Gaurav, till now we have almost INR 800 crore, around INR 900 crore order, which we have already secured. Our strategy is, or our aim is to secure order to the tune of INR 9,000-INR 10,000 in this year, in the financial year. Accordingly, we are bidding in railway works, highway works, and our focus is on overseas works. Saleem Ahmad: Can you hear me? Gaurav: Yes. Sorry for the disturbance. There was some noise. Saleem Ahmad: Yeah. So our focus is on overseas works also, and we are hopeful that in the next quarter, we will get definitely some good works. Thank you. Gaurav: Okay. Thank you, sir. My next question is, how much of the total order book is international and how much is domestic? Do we expect to get more international orders in big tickets, or will they be restricted because of the geopolitical things going on? Saleem Ahmad: The present position is almost 9% of our order book is from international, remaining is domestic. As I just briefed you, we are focusing heavily on overseas work. So we want to take it up to 15% international orders. Accordingly, our bidding strategy is in place, and accordingly, we are moving. Gaurav: Okay. Thank you so much, sir. Also, just one last question from my side, if it's okay. The o [Showing first 8,000 characters — download PDF for full document]