Board Meeting Details

The Board of Directors meeting was held on July 30, 2026, commencing at 12:15 pm and concluding at 1:15 pm.

Key Approvals

1. Approved Consolidated & Standalone Unaudited Financial Results for the quarter ended June 30, 2026

2. Declared Interim dividend of ₹0.05 per equity share (5% of face value) for FY 2026-27

Dividend Details

  • Record date: August 5, 2026
  • Payment date: On or before August 28, 2026
  • Dividend amount: ₹0.05 per share of face value ₹1 each

Consolidated Financial Results (₹ in millions)

Quarterly Performance (Q1 FY27 vs Q1 FY26)

  • Total Revenue from operations: ₹21,372.72 vs ₹20,989.66
  • Revenue from services: ₹17,005.44 vs ₹18,659.04
  • Gain on InvITs & Related Assets (fair value): ₹3,036.25 vs ₹1,555.56
  • Dividend/Interest income from InvITs: ₹1,331.03 vs ₹775.06
  • Other income: ₹353.93 vs ₹656.10
  • Total Income: ₹21,726.65 vs ₹21,645.76
  • Total Expenses: ₹17,561.14 vs ₹18,781.91
  • Profit before tax: ₹4,165.51 vs ₹2,863.85
  • Tax expenses: ₹1,102.81 vs ₹839.03
  • Net Profit after tax: ₹3,062.70 vs ₹2,024.82 (51% increase)
  • Earnings per share: ₹0.25 vs ₹0.17

Segment Performance (Q1 FY27)

  • BOT/TOT Projects revenue: ₹7,333.14 million
  • InvITs & Related Assets revenue: ₹4,367.28 million
  • Construction revenue: ₹9,637.41 million
  • Unallocated corporate: ₹34.89 million

Standalone Financial Results (₹ in millions)

Quarterly Performance (Q1 FY27 vs Q1 FY26)

  • Revenue from operations: ₹12,302.56 vs ₹12,939.82
  • Other income: ₹555.46 vs ₹761.95
  • Total Income: ₹12,858.02 vs ₹13,701.77
  • Total Expenses: ₹9,258.27 vs ₹11,837.73
  • Profit before tax: ₹3,599.75 vs ₹1,864.04
  • Net Profit after tax: ₹2,695.26 vs ₹1,397.72
  • Earnings per share: ₹0.22 vs ₹0.12

Capital Structure Impact

Paid-up equity share capital increased to ₹12,078.00 million (12,078 million shares of ₹1 each) due to bonus issue completed in April 2026. The bonus issue was approved by Board on February 13, 2026 and shareholders on March 23, 2026, with allotment of 603.90 million bonus shares in 1:1 ratio with record date April 1, 2026.

Business Updates

  • Commissioned Ganga Expressway (Meerut to Budaun Group 1 BOT) and commenced tolling
  • Commenced tolling on TOT18 (Chandikhole Bhadrak NH-16) from April 1, 2026
  • IRB Infrastructure Trust (Private InvIT Joint Venture) offered two highway BOT assets worth ₹4,605 crores to IRB InvIT Fund

Portfolio Details

  • Current portfolio: 28 revenue-generating highway assets aggregating approximately ₹94,000 crores
  • Assets spread across 13 Indian states
  • Approximately 1.5 million vehicle crossings daily
  • Weighted average residual concession life: approximately 21 years

Management Commentary

Chairman & Managing Director Virendra D. Mhaiskar stated the company is successfully navigating global economic challenges with toll revenue growing and B.E.S.T strategy on track. The company aims to expand asset base to approximately ₹1,40,000 crores by 2030.

Auditor Review

MS KA & Associates LLP conducted limited review of both consolidated and standalone financial results and expressed unmodified conclusion. The review covered 19 subsidiaries with total revenues of ₹18,155 million and net profit of ₹330 million for the quarter.

Subsidiaries and Joint Ventures

The consolidated results include 20 subsidiaries and 18 joint ventures measured at fair value through profit and loss account.

Exceptional Items

FY26 results included exceptional items of ₹426.54 million (consolidated) and ₹106.88 million (standalone) pertaining to impact of New Labour Codes.

Availability of Results

Results available on company website (www.irb.co.in) and stock exchange websites (BSE and NSE).