IRB Infrastructure Developers Ltd
NSE:IRB

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IRB Infrastructure Developers Ltd Logo
IRB Infrastructure Developers Ltd
NSE:IRB
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Price: 41.93 INR 1.28% Market Closed
Market Cap: 253.2B INR

IRB Infrastructure Developers Ltd
Investor Relations

IRB Infrastructure Developers Ltd. stands as a significant pillar in India's infrastructure landscape, epitomizing the swift evolution of the nation's road development sector. Founded in 1998 by Virendra D. Mhaiskar, the company has carved a niche by focusing primarily on the development of roads and highways, an endeavor critical to India's economic progress. The genesis of IRB's business model revolves around the Build-Operate-Transfer (BOT) model, a cornerstone in modern infrastructure projects. This model not only allows IRB to undertake construction projects but also enables them to manage long-term operations, collecting toll revenues that serve as the lifeblood of their income stream. By engaging in BOT projects, IRB mitigates initial financial risks while creating a steady cash flow, further leveraging government policies that support public-private partnerships in infrastructure.

As one navigates the success trajectory of IRB Infrastructure, the company’s strategic acumen becomes evident in its diverse portfolio, which extends beyond highway development to include airport construction and real estate. This diversification not only spreads out the risk profile but also taps into new revenue streams, thus sustaining growth amidst the cyclic challenges of the construction industry. The company’s prowess in securing project finance, coupled with its execution capabilities, ensures the timely delivery of projects, often ahead of schedule. By continually adapting to technological advancements and adopting innovative engineering solutions, IRB maintains its competitive edge in an industry that is vital to the cohesion and growth of India's economy.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 14, 2025
AI Summary
Q2 2026

Toll Collection Growth: Private InvIT per day toll collection rose 13% year-on-year to INR 11.23 crores, while combined (Private + Public InvIT) reached INR 18.13 crores per day, up 11%.

Major Asset Acquisition: Public InvIT acquired 3 new highway assets for INR 8,436 crores, unlocking INR 4,905 crores in capital for IRB and drawing strong investor interest.

Order Book: Total order book stands at around INR 32,000 crores, with EPC order book at approximately INR 1,500 crores.

Financial Performance: PAT grew by 41% to INR 141 crores; consolidated income increased 3% to INR 1,800 crores; Construction segment income declined 18%.

Strong Bidding Pipeline: Over INR 55,000 crores of BOT and TOT projects are expected to be bid out in the next month, suggesting a potential pick-up in order awarding.

Future Revenue Mix: Management expects a steady shift toward O&M revenues, aiming for up to 50% of revenue from O&M in coming years with higher margins.

Guidance: FY '26 construction (EPC + O&M) revenue expected at INR 4,300–4,500 crores; O&M margins guided at 20%–23%.

Key Financials
Private InvIT Per Day Toll Collection
INR 11.23 crores
Combined Per Day Toll Collection
INR 18.13 crores
Total Consolidated Income
INR 1,800 crores
InvIT and Related Segment Income
INR 303 crores
BOT Segment Income
INR 626 crores
Construction Segment Income
INR 820 crores
Other Income
INR 49 crores
EBITDA
INR 974 crores
Interest Cost
INR 451 crores
Depreciation
INR 262 crores
PBT
INR 261 crores
PAT
INR 141 crores
Order Book
INR 32,000 crores
EPC Order Book
INR 1,500 crores
Dividend (Second Interim)
INR 42 crores
Private InvIT Distribution
INR 54 crores
Public InvIT Distribution
INR 192 crores
Other Earnings Calls

Management

Mr. Virendra Dattatraya Mhaiskar
Chairman & MD
No Bio Available
Mr. Tushar K. Kawedia
Chief Financial Officer
No Bio Available
Mr. Mehulkumar Natwarlal Patel
President of Corporate Affairs, Group Company Secretary & Compliance Officer
No Bio Available
Ms. Deepali Virendra Mhaiskar
Whole Time Director
No Bio Available
Mr. Sudhir Rao Hoshing
Chief Executive Officer of Execution
No Bio Available
Dr. S. S. Rana
Chief Executive Officer of Corporate
No Bio Available
Mr. M. P. Nityanandan
Director of Operations
No Bio Available
Dr. Prashant Salgaonkkar
Group President of HR & Administration
No Bio Available
Mr. Anil D. Yadav
Director of Investor Relations
No Bio Available
Mr. Vivek V. Devasthali
Head of Corporate Communications
No Bio Available

Contacts

Address
MAHARASHTRA
Mumbai
3rd Floor, IRB Complex, Chandivali Farm, Chandivali Village,, Andheri (E)
Contacts
+912266404220
www.irb.co.in