IRCON - IRCON International Ltd Share Price

Question: "One was the other income has come down. Any specific reason for this ma'am?"
Answer: "Actually, the other income has gone up both on a consolidated and standalone basis, contrary to what may have been perceived. I apologize for any confusion earlier."

Question: "Can you share some light on the share from the profit-sharing from the JVs, and how will it be going forward?"
Answer: "Our JV with Ircon-Soma Tollway has been profitable, but its concession ends next year. In coal JVs, CERL1 is incurring losses but is expected to break even in about 18 to 20 months as we enhance traffic with the completion of the spur line. We also have IRFDC under closure, from which we expect to recover investments early next year."

Question: "We are doing quite well on the international front. Will we maintain the same margins or are they poised to go upwards?"
Answer: "Currently, our international margins are better due to forex gains, especially from our project in Bangladesh, which yielded around Rs. 20 crores in forex earnings. We expect these margins to be stable, influenced by the ongoing forex situation."

Question: "Any specific reason why the margin is dented this quarter and how should we look at the full year for FY'26 and FY'27?"
Answer: "Margins dipped due to losses from CERL. Consolidated impacts from under-construction subsidiaries also affected us. We anticipated a reduction of 0.5% in our margins overall for normal projects, and we still expect PAT margins to fall between 6% to 7% moving forward."

Question: "What are we targeting for order inflow for the full year?"
Answer: "In the first half, we secured over Rs. 4,000 crores worth of orders and expect to maintain a similar inflow in the second half. We foresee an operating revenue of about Rs. 10,000 to Rs. 11,000 crores for the year."

Question: "Is there a change in the scope of existing work affecting the order book?"
Answer: "Yes, there has been an increase in existing jobs contributing to the order book's growth. We target fresh inflows in the range of Rs. 4,000 crores, similar to our past performances."

Question: "Could you give some insight into segmental performance? Are forex gains mainly driving international EBIT margins?"
Answer: "Indeed, international projects typically yield higher margins. Additionally, we've seen significant forex earnings, particularly from our Khulna-Mongla project, contributing to our robust international segment margins."

Question: "What is the one-off forex contribution to the reported margins?"
Answer: "The overall forex gain is around Rs. 30 crores, with approximately Rs. 20 crores stemming from our Khulna-Mongla project. If excluded, domestic project margins would appear weaker than reported."