IRB Infrastructure Developers Ltd. announced its Board meeting outcome for February 13, 2026, highlighting robust Q3FY26 performance with Net Profit before exceptional item growing 14% YoY to Rs. 253 Crs. The Board has recommended a 1:1 Bonus Share issue and declared a 3rd Interim Dividend of 7% for FY26. Key operational achievements included monetizing three BOT assets, unlocking Rs. 4,900 Crs in equity, and funding new TOT asset acquisitions.
IRB Announces Board Decisions and Q3FY26 Financial Outcomes
IRB Infrastructure Developers Ltd. declared the outcomes of its Board of Directors meeting held on February 13, 2026. The Board approved the Consolidated Unaudited Financial Results for the quarter and nine months ended December 31, 2025. The period saw significant strategic capital recycling activities bolstering future growth.
Key Financial Approvals and Recommendations
The Board recommended two major corporate actions for shareholder approval:
- Bonus Issue: Recommended the issuance of 1 new fully paid-up equity share for every 1 existing equity share (1:1 ratio). This will be funded by capitalizing the Securities Premium Account as of December 31, 2025.
- Dividend Declaration: Declared the 3rd Interim dividend of 7% (Re. 0.07 per share) for FY 2025-26, with a record date of February 19, 2026.
- Share Capital Increase: Recommended increasing the Authorised Share Capital from Rs. 615 Crore to Rs. 1,260 Crore, subject to shareholder approval.
The re-appointment of Mrs. Deepali V. Mhaiskar as Whole Time Director effective May 19, 2026, was also approved, subject to necessary consents.
Q3FY26 Financial Performance Highlights (Consolidated)
The Press Release highlighted strong year-on-year growth:
| Particulars | Q3FY26 (Rs. in Crs) | Q3FY25 (Rs. in Crs) |
|---|---|---|
| Total Income | 1,912 | 2,090 |
| Profit After Tax before exceptional item | 253 | 222 |
| Profit After Tax after exceptional item | 211 | 6,026 |
Profit Before Tax increased to Rs. 338 Crs (up from Rs. 323 Crs YoY).
Strategic Business Updates and Capital Recycling
Chairman and Managing Director, Shri Virendra D. Mhaiskar, emphasized strategic maneuvers during the quarter:
- Successfully monetized three BOT assets by transferring them from Private InvIT to Public InvIT, unlocking equity of Rs. 4,900 Crs.
- Completed the transfer of the VM7 HAM asset to the Public InvIT, unlocking Rs. 513 Crs of equity and reducing debt by over Rs. 700 Crs.
- The unlocked capital is being deployed to fund the equity requirement for two newly acquired TOT assets (TOT-17 and TOT-18), valued at approximately Rs. 14,000 Crs (Enterprise Value).
- Aggregate toll revenue grew by approximately 12% (Rs. 2,152 Crs in Q3FY26 vs Rs. 1,917 Crs in Q3FY25).
Related Party Transactions Requiring Approval
The Board also consented to resolutions for Postal Ballot concerning material related party transactions, including the Project Implementation Agreement (PIA) with IRBCTPL (the SPV for the TOT-18 Project, in which Private InvIT holds ~51% unitholding), where IRB will act as the Project Manager.
Source: BSE
