Home / Business and Economy / IRB Infra Unlocks Equity, Eyes Expansion in Infrastructure Sector
IRB Infra Unlocks Equity, Eyes Expansion in Infrastructure Sector
12 Nov
Summary
- Revenue up 11.95% to ₹3,849 crore in H1 FY26
- Profit surges 43.13% to ₹343 crore in H1 FY26
- Completed sale of 3 assets, unlocking ₹5,000 crore equity
In the first half of the current financial year (FY26), IRB Infrastructure Developers (IRB Infra) has seen impressive growth, with its revenue standing at ₹3,849 crore, up 11.95%, and its profit at ₹343 crore, up 43.13%.
The company's strong performance continued in the second quarter of FY26, with a 41% growth in net profit to ₹140 crore. This was driven by an 11% increase in the company's toll revenue, which stood at ₹1,667 crore during the quarter.
Virendra Mhaiskar, the chairperson and managing director of IRB Infra, attributed the growth to the strong momentum in toll revenue, despite a severe and extended monsoon period. He expressed confidence that the growth will further accelerate in the coming quarters, supported by the ongoing pace of consolidation.
The company's total revenue from operations stood at ₹1,751 crore, up 10.41%, aided by gains on InvITs and related assets as per fair value measurement, as well as dividend and interest income from InvITs and related assets.
During the quarter, IRB Infra completed the sale of three assets, unlocking approximately ₹5,000 crore of equity in the private InvIT. This positions the company to pursue further opportunities of around ₹15,000 crore in the infrastructure sector, as it aims to achieve an asset base of ₹1.4 trillion over the next three years.
