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IRB Infrastructure Developers reported a 38% year-on-year increase in consolidated net profit for the quarter ended March 2026, with earnings rising to INR 296.25 crore despite a decline in operational income. The company’s total income from operations fell to INR 1,976 crore during the quarter, while expenses reduced significantly to INR 1,571 crore, supporting profitability growth. During FY26, the company recorded toll revenue of INR 8,323 crore, marking a 12% increase over the previous year. IRB also confirmed the operationalisation of the Ganga Expressway, resulting in all major projects within its portfolio becoming revenue-generating assets. Separately, the group’s private InvIT associate proposed transferring two assets in Maharashtra and Gujarat to the public IRB InvIT Fund through a non-binding offer valued at INR 4,663 crore.
IRB Infrastructure Developers posted a consolidated net profit of INR 296.25 crore for the quarter ended March 31, 2026, registering a 38% increase compared to INR 214.7 crore recorded during the corresponding quarter of FY25, according to an exchange filing issued on Wednesday. Advertisement
The company’s total income from operations during the March quarter declined to INR 1,976 crore from INR 2,117 crore reported in the same period a year earlier. However, lower expenditure supported profitability during the quarter.
Total expenses stood at INR 1,571 crore in the fourth quarter of FY26, compared to INR 1,895 crore during the January–March period of the previous financial year.
For the full financial year FY26, the company reported a consolidated net profit of INR 850 crore, significantly lower than INR 6,480 crore recorded in FY25.
Virendra D Mhaiskar, Chairman and Managing Director of IRB Infrastructure Developers, stated that the operationalisation of the Ganga Expressway had resulted in all major IRB projects becoming revenue-generating assets. He added that the completion of these projects marked the conclusion of one of the company’s largest capital expenditure and development phases.
The company also reported growth in toll collections during FY26. According to a company statement, group toll revenue rose 12% year-on-year to INR 8,323 crore compared to INR 7,400 crore in FY25, reflecting increased traffic activity and expanded operational infrastructure across its portfolio.
In a separate development, IRB stated that its private InvIT associate, IRB Infrastructure Trust, had offered two road assets located in Maharashtra and Gujarat to the public IRB InvIT Fund through a non-binding proposal. The enterprise value of the proposed transaction was estimated at INR 4,663 crore.
The company said the proposed asset transfer forms part of its broader infrastructure monetisation strategy through investment trust structures. Infrastructure investment trusts, or InvITs, have increasingly become a preferred route for infrastructure developers to recycle operational assets and raise capital for future projects.
IRB Infrastructure Developers described itself as India’s first integrated infrastructure company focused on the highways sector. The group currently manages an infrastructure asset base exceeding INR 80,000 crore across 12 states, primarily through toll road and highway development projects.
Source - PTI
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