Earnings Review
IRB Infra Q1 PAT up 45% YoY on lower cost; beats view
This story was originally published at 16:06 IST on 14 August 2025
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--IRB Infra Apr-Jun consol net profit INR 2.02 bln
--Analysts saw IRB Infra Apr-Jun consol net profit INR 1.83 bln
--IRB Infra Apr-Jun consol net profit INR 2.02 bln vs INR 1.40 bln yr ago
--IRB Infra Apr-Jun consol revenue INR 20.99 bln vs INR 18.53 bln year ago
--IRB Infra to pay INR 0.07 per share interim dividend for FY26
--IRB Infra interim dividend record date is Aug 29
--IRB Infra Q1 consol construction revenue INR 12.14 bln vs INR 12.34 bln
--IRB Infra Apr-Jun consol EBITDA INR 10.18 bln vs INR 9.76 bln year ago
--IRB Infra: Co, JV Apr-Jun toll revenue INR 16.80 bln, up 8% on year
By Shakshi Jain
NEW DELHI - IRB Infrastructure Developers Ltd. Thursday posted higher-than-expected consolidated top line for the June quarter as total expenses of the company grew slower than the top line and its tax outgo for the three-months declined by mid-single digit on a year-on-year basis. The Mumbai-based company's consolidated top line for the quarter also surpassed the Street's expectation and recorded the highest year-on-year growth in three quarters.
The transport infrastructure developer reported a consolidated net profit of INR 2.02 billion for the June quarter, up almost 45% on year but down nearly 6% sequentially. Analysts had expected the company to report a bottom line of INR 1.83 billion. The company's consolidated revenue in the reporting quarter rose over 13% on year to INR 20.99 billion, higher than analysts' consensus estimate of INR 19.89 billion. Sequentially, the top line was down over 2%.
The consolidated revenue for the quarter included a gain of INR 1.56 billion on infrastructure investment trusts and related assets as per fair value measurement and INR 775.06 million in interest income from infrastructure investment trusts and related assets.
Total expenses of the company rose 11% on year in the June quarter to INR 18.78 billion. This included a near 5% on-year uptick in road work and site expenses at INR 6.50 billion and just over 5% increase in finance costs at INR 4.62 billion for the quarter. Meanwhile, depreciation and amortisation expense of the company rose nearly 6% on year in Apr-Jun to INR 2.69 billion and costs of materials consumed more than doubled on year to INR 3 billion.
The company's earnings before interest, tax, depreciation, and amortisation totalled INR 10.18 billion in Apr-Jun, up 4% from INR 9.76 billion in the year-ago quarter. Its EBITDA margin for the quarter declined by 200 basis points on year to 47%.
Consolidated revenue from the company's construction segment declined nearly 2% on year to INR 12.14 billion in the reporting quarter while that from the build-operate-transfer or toll-operate-transfer projects segment increased 5.2% to INR 6.46 billion. Revenue from infrastructure investment trusts and related assets segment zoomed 191% on year to INR 2.33 billion in Apr-Jun. The aggregate toll revenue of the company and its private infrastructure investment trusts grew 8% on year to INR 16.80 billion.
The company declared an interim dividend of INR 0.07 per share for 2025-26 (Apr-Mar). The record date for the same is Aug. 29. Thursday, shares of the company ended at INR 45.37 on the National Stock Exchange, up 1.3% from the previous close. End
Edited by Vandana Hingorani
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