Board Approves 1:1 Bonus Issue, in addition to 3rd Interim Dividend
Mumbai : IRB Infrastructure Developers Limited, India’s leading and the largest toll road concessionaire has declared financial results for Q3FY26 post Board Meeting held today.Rewarding its shareholders, the Board has approved 1:1 bonus issue for its equity shareholders.
The Board has approved 3rd Interim Dividend of 7% for Q3FY26, which brings total dividend for first nine months of FY26 to 21%.
Net Profit before exceptional item for Q3FY26 has increased to Rs.253 Crs resulting in a growth of 14% YoY.
Commenting on the occasion, Shri Virendra D. Mhaiskar, Chairman and Managing Director of the Company said, “During the quarter, we successfully monetized three BOT assets by transferring from Private InvIT to Public InvIT thereby unlocking equity of Rs.4,900Crs. We also completed the transfer of the VM7 HAM asset to the Public InvIT, unlocking Rs.513Crs of equity and reducing debt by over Rs.700Crs.” He further said, “In line with our Capital recycling strategy, we are deploying the unlocked capital to fund the equity requirement of the newly acquired 2 TOT assets aggregating to approx. Rs.14,000Crs. Rewarding our shareholders, the management is pleased to announce 1:1 bonus issue; thus, enabling our esteemed shareholders to participate in the Company’s growth story.”
Financial Performance:
| Particulars | Q3FY26 (Rs. in Crs) | Q3FY25 (Rs. in Crs) |
| Total Income | 1,912 | 2,090 |
| EBITDA | 1,063 | 1,049 |
| Profit Before Tax | 338 | 323 |
| Profit After Tax before exceptional item | 253 | 222 |
| Profit After Tax after exceptional item | 211 | 6,026 |
Business Performance:
Private InvIT bagged two TOT bundles (TOT-17 and TOT-18) with an aggregate value (Enterprise value) of approx. Rs.14,000Crs for a 20-year revenue-linked concession period.
The Group registered approx. 12% rise in aggregate toll revenue (Rs.2,152Crs in Q3FY26 vs Rs.1,917Crs in Q3FY25).
The Company has successfully monetized three BOT assets by transferring from Private InvIT to Public InvIT thereby unlocking equity of Rs.4,900Crs. In line with our Capital recycling strategy, we are deploying unlocked capital to fund the equity requirement of the newly acquired 2 TOT assets aggregating to approx. Rs.14,000Crs.
The Company has also successfully transferred Gandeva Ena VM7 HAM Asset to IRB InvIT Fund for equity consideration of Rs.513Crs; reducing debt by approx. Rs.700Crs.
The Private InvIT announced its distribution of approx. Rs. 50 Crs, consequently, the Company will receive around Rs. 26 Crs, corresponding to its 51% stake in the entity.
The Public InvIT announced its distribution of around Rs.192 Crs, consequently, the Company will receive approx. Rs. 32 Crs, corresponding to its near 17% stake in the entity.
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