The Board of Directors of IRB Infrastructure Developers Ltd. approved the Consolidated and Standalone Unaudited Financial Results for Q3FY26, ending December 31, 2025. Key highlights include the recommendation of a 1:1 Bonus Share issue, subject to shareholder approval, and the declaration of a 3rd Interim Dividend of 7% (₹0.07 per share) for FY26. Furthermore, the Board proposed increasing the Authorized Share Capital and ratified a Material Related Party Contract for the TOT-18 Project.
Q3FY26 Financial Results and Key Recommendations
IRB Infrastructure Developers Limited announced the outcome of its Board Meeting held on February 13, 2026, where it approved several significant corporate actions alongside the financial results for the quarter and nine months ended December 31, 2025.
The Board has approved the following key measures:
- Declaration of the 3rd Interim dividend of 7% (Re.0.07/- per equity share) for FY 2025-26. The record date is set for February 19, 2026, with payment due on or before March 14, 2026.
- Recommendation for the issuance of Bonus equity shares in the proportion of 1:1 (one new share for every existing share), subject to shareholder approval via Postal Ballot.
- Recommendation to increase the Authorised Share Capital from ₹615 Crore to ₹1,260 Crore, involving an amendment to Clause V of the Memorandum of Association.
Standalone Financial Highlights (Q3FY26 vs Q3FY25)
The standalone results show continued operational strength:
- Total Revenue from operations for Q3FY26 stood at ₹10,967.53 million, compared to ₹13,490.50 million in Q3FY24 (Unaudited).
- Net Profit after tax for the quarter ended 31.12.2025 was ₹2,785.63 million, against ₹50,338.88 million for the same period last year (which included a significant exceptional item gain).
Consolidated Financial Highlights (Q3FY26 vs Q3FY25)
On a consolidated basis, the performance shows growth:
- Total Revenue from operations for Q3FY26 was ₹18,711.68 million, down slightly from ₹20,254.43 million in Q3FY24.
- Profit before tax (after exceptional items) for Q3FY26 reached ₹2,950.10 million, up from ₹3,226.97 million in Q3FY24 (Note: The comparison is affected by the exceptional item adjustment in FY24).
- Profit After Tax before exceptional item for Q3FY26 was ₹3,376.64 million, compared to ₹3,226.97 million in Q3FY24.
Business and Related Party Transactions
The Board also approved specific business agreements:
- Re-appointment of Mrs. Deepali V. Mhaiskar as Whole Time Director effective May 19, 2026.
- Approval of a Material Related Party Contract for the Company to act as the Project Manager for the TOT-18 Project (awarded to IRBCTPL, an SPV of the Private InvIT). The estimated value of this contract is up to ₹1,581.83 crore (approx. ₹1,866.55 crore including GST).
Press Release Summary: Robust Growth and Capital Recycling
The accompanying Press Release emphasized the strong operational quarter:
- Net Profit before exceptional item for Q3FY26 grew 14% YoY to Rs.253 Crs.
- The company successfully monetized three BOT assets via transfer from Private InvIT to Public InvIT, unlocking ₹4,900 Crs in equity.
- This unlocked capital is being deployed for the acquisition of two new TOT assets, valued at approximately ₹14,000 Crs.
- Aggregate toll revenue increased by approximately 12% year-over-year.
Source: BSE
