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Informist, Thursday, May 21, 2026

 

--CONTEXT: Comments by IRB Infra's mgmt in post-earnings analyst call 

--IRB Infra:Expect diversified portfolio to give sustainable long-term growth 

--IRB Infra:On path to be net debt zero in 5 yrs, see no need to raise funds 

--IRB Infra: Begun process to transfer 2 pvt InVIT assets to public InVITs 

--IRB Infra: See toll revenue grow 9-9.5% in FY27 if inflation stays high 

 

By Arundathi A R and Sunil Raghu

 

MUMBAI/AHMEDABAD –IRB Infrastructure Developers Ltd, expects to attain sustainable long-term growth ahead, riding on its diversified portfolio. "Overall, we remain optimistic about the company continuing to be stable, encouraged by the strong economic activity, increasing the trade movement and growth in the past generation," the company's management told analysts in a post-earnings conference call Thursday. IRB Infra's total order book stood at INR 449 billion as of Mar. 31, according to the company's investor presentation for the reporting quarter.

 

The company said it confidently aims to achieve a net debt zero path within the next five years and does not see a requirement for capital fundraising. "We do not see any capital-raising requirement at the IRB, simply because, if you look at our strategy of asset rotation, the growth is primarily going to come by unblocking capital by moving assets from private investment to public investment, and redeploying that capital into newer assets to grow the portfolio as a whole," the management said during the analyst conference call.

 

The company has begun the process of transferring two private infrastructure investment trust assets to public infrastructure investment trust assets. "So, another five assets continue at the private end, and it will be migrated to the public end over the next two-three years," the management said.

 

The company also expects toll revenue growth of 9–9.5% in 2026–27 (Apr-Mar), if inflation stays at higher levels. For the March quarter, IRB Infra's toll revenue grew around 21% on a year-on-year basis for IRB and private infrastructure investment trust projects, it said in the investor presentation.

 

The company expects the operating leverage to go up and subsequently drive its profitability. "The growth will come from churning of assets between private and public investment, and that's how we intend to grow from here on," the company said. The management also sees around 150-180% returns in terms of the interest cost for the next year.

 

For the quarter ended March, IRB Infra reported a consolidated net profit of INR 2.96 billion on consolidated revenues of INR 19.27 billion. At 1309 IST, shares of the company were nearly 9% higher from its previous close at INR 22.94 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

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