Posts 41% year-on-year rise in net profit during Q2
MUMBAI, Nov 13 (The CONNECT) – IRB Infrastructure Developers Ltd has set its sights on building a ₹1.4-trillion asset base by 2028, buoyed by strong quarterly results and a successful round of asset monetisation that has unlocked fresh growth capital. The company, India’s largest multinational in the roads and highways sector, reported a 41% year-on-year rise in net profit for Q2FY26, climbing to ₹141 crore from ₹100 crore a year ago.
Backed by resilient toll collections and disciplined financial management, total income rose 3% to ₹1,800 crore, while EBITDA improved 4% to ₹974 crore. The company’s Board also declared an interim dividend of 7%, underscoring management’s confidence in the business outlook.
Chairman and Managing Director Virendra D. Mhaiskar said the quarter demonstrated “strong momentum in toll revenue growth despite an extended monsoon,” with collections growing 11% year-on-year to ₹1,667 crore. He added that the completion of three asset sales under the company’s B.E.S.T. (Bid, Execute, Stabilize, Transfer) model had unlocked nearly ₹5,000 crore in equity through its Private InvIT platform.
“This capital release positions us to explore new opportunities worth around ₹15,000 crore and keeps us firmly on track toward achieving an asset base of ₹1.4 trillion over the next three years,” Mhaiskar said. “Our strong performance reinforces confidence that growth will accelerate further in the coming quarters as consolidation in the sector deepens.”
During the quarter, the IRB Infrastructure Trust, the company’s Private InvIT joint venture, received Commercial Operation Date (COD) for the Palsit–Dankuni BOT project, which now commands a 47% higher toll rate. Additionally, IRB obtained provisional COD for its eight-lane Gandeva–Ena Expressway project in Gujarat — a key link in the Delhi–Mumbai Greenfield Expressway — making it eligible for bi-annual annuity payments from NHAI for the next 15 years under the Hybrid Annuity Model.
IRB also advanced its InvIT restructuring, completing the transfer of assets from the IRB Infrastructure Trust (Private InvIT) to the IRB InvIT Fund (Public InvIT), a move aimed at boosting liquidity and streamlining capital rotation.
With strong toll revenues, sustained operational efficiency, and strategic asset churn, IRB Infra is positioning itself for the next phase of expansion — reaffirming its leadership in India’s fast-evolving transport infrastructure landscape.
