IRB Infrastructure Developers declared strong results for Q3FY26, reporting a 14% YoY growth in Profit After Tax before exceptional items, reaching Rs. 253 Crs. The Board recommended a 1:1 Bonus Issue and declared a 3rd Interim Dividend of 7% (Rs. 0.07/share). Key approvals included the re-appointment of Mrs. Deepali V. Mhaiskar and a major Project Implementation Agreement with IRBCTPL for the TOT-18 Project.
IRB Posts Strong Q3FY26 Performance with 14% PAT Growth
IRB Infrastructure Developers Ltd. announced its financial outcomes for the quarter ended December 31, 2025 (Q3FY26). The company reported a significant achievement in profitability, with the Profit After Tax before exceptional item increasing to Rs. 253 Crs, marking a 14% growth Year-on-Year (YoY). Total Income for Q3FY26 stood at Rs. 1,912 Crs, with EBITDA reported at Rs. 1,063 Crs.
Shareholder Rewarding Measures Approved
In a move to reward shareholders, the Board of Directors approved two major actions:
- 1:1 Bonus Issue Recommendation: The Board recommended issuing one new fully paid-up equity share for every one existing equity share held, based on equity capital available as of December 31, 2025 in the Securities Premium Account.
- 3rd Interim Dividend: A 3rd Interim dividend of 7% (Re. 0.07 per equity share) was declared for FY2025-26. This raises the total dividend for the first nine months of FY26 to 21%. The record date for the dividend payment is set for February 19, 2026.
Key Corporate and Capital Structure Changes
The Board also approved fundamental changes to the company’s capital structure and management:
- Authorized Share Capital Increase: The Authorised Share Capital is recommended to be increased from Rs. 615 Crore to Rs. 1,260 Crore (1,260,00,00,000 equity shares of Re. 1/- each), subject to shareholder approval via Postal Ballot.
- Director Re-appointment: The re-appointment of Mrs. Deepali V. Mhaiskar (DIN: 00309884) as Whole Time Director with effect from May 19, 2026, was approved, contingent on shareholder assent.
Material Related Party Transaction for TOT-18 Project
A significant Material Related Party Contract was approved for project management services related to the TOT-18 Project implemented through IRB Chandibhadra Tollway Private Limited (“Project SPV”).
- The engagement involves the Company acting as the Project Manager for a 20-year revenue-linked concession period.
- The estimated aggregate value of works and services is up to Rs. 1,581.83 crore, approximating INR 1,866.55 crore including GST.
- IRBCTPL is the SPV incorporated by IRB Infrastructure Trust (“Private InvIT”), an associate of the Company, in which the Company holds a ~51% unitholding.
Consolidated Financial Highlights (Nine Months Ended Dec 31, 2025)
The consolidated results for the nine months ended December 31, 2025, show robust figures:
- Total Revenue from Operations: Rs. 57,211.50 million.
- Profit Before Tax (after exceptional items): Rs. 8,422.06 million.
- Net Profit After Tax: Rs. 5,541.01 million.
Standalone Performance Snapshot
Standalone results demonstrated strong operational revenues, with Revenue from operations reaching Rs. 34,554.59 million for the nine months ended December 31, 2025. The Net Profit after tax for the period was reported at Rs. 6,067.08 million.
Business Development Update
The company highlighted key strategic business movements:
- The Private InvIT secured two major TOT bundles (TOT-17 and TOT-18) with an Enterprise Value of approximately Rs. 14,000 Crs.
- The Group successfully monetized three BOT assets via transfer from Private InvIT to Public InvIT, unlocking equity of Rs. 4,900 Crs.
- The transfer of the VM7 HAM asset to the Public InvIT unlocked Rs. 513 Crs of equity and reduced debt by over Rs. 700 Crs.
Source: BSE
