IRB Infrastructure Developers Limited , India's leading multi-national transport infrastructure developer, has reported a strong financial performance for the second quarter of fiscal year 2026, with a significant increase in net profit and steady revenue growth.

Financial Highlights

For Q2 FY26, IRB Infrastructure reported:

The company's net profit saw a remarkable year-on-year increase of 41%, rising from Rs 100 crore in Q2 FY25 to Rs 141 crore in Q2 FY26. This substantial growth in profitability comes despite a modest 2.74% increase in total income, which grew from Rs 1,752 crore to Rs 1,800 crore over the same period.

Dividend Declaration

The Board of Directors has declared a second interim dividend of 7% (Re. 0.70 per equity share of face value Re. 10 each) for the financial year 2025-26. The record date for dividend payment is set for November 18, 2025.

Operational Performance

IRB Infrastructure continued to demonstrate strong operational performance, with toll revenue registering a year-on-year growth of 11%. Toll collections reached Rs 1,667 crore in Q2 FY26, compared to Rs 1,503 crore in Q2 FY25.

Strategic Developments

The company has made significant strides in its strategic initiatives:

1. Asset Transfer: IRB Infrastructure successfully completed asset transfers between its sponsored InvITs, unlocking approximately Rs 5,000 crore of equity value.

2. Project Milestones: The company received Provisional COD for its 8-lane Gandeva Ena Expressway project under the Hybrid Annuity Model in Gujarat.

As India's leading infrastructure developer, IRB Infrastructure continues to play a crucial role in the country's infrastructure development. With these latest developments and strong financial performance, the company is well-positioned to capitalize on growing opportunities in the infrastructure sector.

IRB Infrastructure Developers Limited has announced a significant expansion of its sponsored IRB InvIT Fund, marking a notable development in India's infrastructure sector. The fund has successfully acquired three highway projects from IRB Infrastructure Trust, bolstering its asset portfolio and geographical presence.

Key Acquisition Details

The acquisition, valued at ₹8,436.00 crore, involves three key highway assets:

1. Hapur Moradabad NH-9 in Uttar Pradesh
2. Kaithal Rajasthan Border NH-152/65 in Haryana
3. Kishangarh Gulabpura NH-79A in Rajasthan

This strategic move has expanded IRB InvIT Fund's footprint to two additional states - Uttar Pradesh and Haryana.

Enhanced Portfolio Metrics

Following this acquisition, IRB InvIT Fund's project portfolio has seen significant growth:

The updated portfolio now includes 8 BOT (Build-Operate-Transfer) assets and 1 HAM (Hybrid Annuity Model) asset.

Financial Implications

To facilitate this acquisition, IRB InvIT Fund conducted its first fund-raising exercise since its 2017 launch and listing. The fund raise attracted strong participation from diverse marquee long-term institutional investors, both foreign and domestic, as well as reputed family offices.

Management's Perspective

Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Limited, commented on the acquisition: "The successful conclusion of this acquisition deal between the two InvITs marks a significant value enhancement to all the Stakeholders of the IRB Group. The unlocked Capital of Rs.4,905.00 Crores through this acquisition deal will enable us to pursue upcoming opportunities in the sector worth over ₹15,000.00 Crores, further strengthening the Group's development pipeline and growth prospects to achieve Rs.1,40,000.00 Crs mark in next three years."

Market Position

This acquisition reinforces IRB Infrastructure Developers' position as a leading player in India's infrastructure sector:

• Largest integrated private toll roads and highways infrastructure developer in India
• Asset base of approximately ₹80,000.00 crore across 12 states
• Operations spanning around 15,500 Lane Kms
• 33% market share in the TOT (Toll-Operate-Transfer) space
• 14% share in the Golden Quadrilateral Project
• 12% share in India's North-South highway connectivity

The successful completion of this acquisition demonstrates IRB InvIT Fund's capability as a transparent and scalable vehicle for long-term infrastructure investment, potentially setting a precedent for similar transactions in the sector.

As India continues to focus on infrastructure development, deals of this nature are likely to play a crucial role in attracting investment and facilitating the growth of the country's highway network.