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Informist, Friday, Feb. 13, 2026

 

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--IRB Infra Oct-Dec consol net profit INR 2.11 bln vs INR 60.3 bln yr ago 

--IRB Infra Oct-Dec consol revenue INR 18.71 bln vs INR 20.25 bln year ago 
--IRB Infra Oct-Dec labour code implementation cost INR 426.54 mln 
--IRB Infra Oct-Dec profit excluding labour code impact INR 2.53 bln 
--IRB Infra Apr-Dec consol net profit INR 5.54 bln vs INR 62.66 bln yr ago 
--IRB Infra Apr-Dec consol revenue INR 57.21 bln vs INR 54.64 bln year ago 
--IRB Infra Q3 consol construction revenue INR 7.81 bln vs INR 11.29 bln 
--IRB Infra to pay INR 0.07 per share interim dividend 
--IRB Infra interim dividend record date Feb 19 
--IRB Infra board OKs 1-for-1 bonus issue of shares
--IRB Infra Oct-Dec consol EBITDA INR 10.63 bln vs INR 10.49 bln yr ago 
--IRB Infra to be project manager for NH-16 section in Odisha

 

By Arundathi A R

 

MUMBAI – IRB Infrastructure Developers Ltd. posted a steep fall in its consolidated bottom line for the December quarter owing to a higher base. A year ago, the company's net profit had risen sharply on a one-time gain and dividend from infrastructure investment trusts and related assets. Its bottom line for the December quarter fell in the high double digits after nine quarters of growth. The company's consolidated revenue from operations for the quarter also fell on year. The percentage fall in revenue was in the high single digit.

 

The highway-construction company reported a fall of nearly 97% on year in consolidated net profit for the December quarter to INR 2.11 billion. The bottom line also took a hit from the labour codes implementation cost of INR 426.54 million. Excluding this one-time cost, the company's profit would have been INR 2.54 billion.

 

IRB Infra's revenue from operations for the quarter fell nearly 8% on year to INR 18.71 billion. Its consolidated earnings before interest, tax, depreciation, and amortisation for the quarter were INR 10.63 billion, against INR 10.49 billion a year ago. The company will pay an interim dividend of INR 0.07 per share. The record date for payment of the interim dividend has been fixed at Feb. 19. The company's consolidated construction revenue for the quarter was INR 7.81 billion, down nearly 31% on year. Its board approved a 1-for-1 bonus issue of shares, according to a press release.

 

IRB Infra's total expenses for the December quarter fell 11% on year to INR 15.75 billion, largely owing to a fall in its road work and site expenses. The road work and site expenses of the company registered a fall of over 25% on year to INR 4.97 billion. The road work and site expenses contributed more than 31% to the company's total expenses for the quarter. Its input cost for the quarter fell over 26% on year to INR 1.06 billion.

 

IRB Infra monetised three build-operate-transfer assets by transferring them from its private infrastructure investment trust to public infrastructure investment trust and unlocked equity of INR 49 billion. Its private infrastructure investment trust bagged two toll-operate-transfer bundles with an aggregate enterprise value of INR 140 billion for a 20-year revenue-linked concession period, the company said in its press release.

 

The company proposes to enter into a project implementation agreement with the investment manager of its private infrastructure investment trust. Under this agreement, the company will be appointed as project manager for the National Highway 16 section in Odisha for tolling, operations, maintenance, and transfer works.

 

Friday, shares of the company ended 1% lower at INR 44.02 on the National Stock Exchange.  End

 

Edited by Rajeev Pai

 

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