Financial Highlights – IRB Infrastructure Developers Ltd (NSE: IRB)
- Revenue down 7.6% YoY to ₹1,871 crore (₹2,025 crore YoY).
- Reported net profit declined to ₹210.7 crore vs ₹603 crore YoY.
- Net profit before exceptional items up 14% YoY, reflecting stronger core operations.
- EBITDA rose 3.9% YoY to ₹1,022 crore from ₹984 crore.
- EBITDA margin expanded to 54.6% from 48.6%.
- Monetised three BOT assets, unlocking ₹4,900 crore equity.
- VM7 HAM asset transfer unlocked ₹513 crore equity, reducing debt by over ₹700 crore.
- Declared 3rd interim dividend of 7% (₹0.07/share) for FY26.
- Board approved 1:1 bonus issue (subject to approval).
- Proposed increase in authorised share capital from ₹615 crore to ₹1,260 crore.
IRB Infrastructure Developers Ltd (NSE: IRB)
IRB Infrastructure Developers Ltd declined 3.34% on 16 February 2026 to trade near ₹42.55. The company operates across the road infrastructure space, with a diversified portfolio spanning BOT, HAM, and TOT projects, supported by stable toll revenue streams. Its asset monetisation model and capital recycling strategy remain central to long-term growth plans. Ongoing project execution and disciplined balance sheet management continue to shape the broader outlook. While the stock experienced near-term pressure, underlying infrastructure demand trends and steady operational performance remain key structural drivers for the company.
IRB Infrastructure Posts Mixed Quarter, Focuses on Capital Recycling and Shareholder Rewards
IRB Infrastructure Developers reported a mixed quarterly performance, with revenue moderating while core operating performance remained resilient. Profitability before exceptional adjustments improved, and operating margins expanded, reflecting enhanced efficiency. The company progressed on its asset monetisation and capital recycling strategy, unlocking funds through InvIT transfers and lowering debt levels. Management reiterated its focus on deploying capital into new infrastructure opportunities. Alongside the results, the board announced a dividend and proposed a bonus issue, highlighting its continued emphasis on shareholder returns and long-term project execution visibility.
Technical View: IRB Infrastructure Trades Near 50-Day Average, Range Structure Intact
From a technical perspective, IRB Infrastructure Developers Limited is currently trading around ₹42.55, hovering close to its 50-day Simple Moving Average at ₹41.82, which is acting as immediate support. The stock recently faced resistance near the ₹46.00–₹50.00 zone, leading to intraday pressure. The broader structure remains range-bound, with immediate support seen near ₹41.80, followed by a lower cushion around ₹38.00. On the upside, resistance is positioned near ₹35.00, with a stronger hurdle around ₹46.00. The RSI near the mid-range reflects balanced momentum, keeping the near-term setup neutral within this defined band.
Bottom Line: IRB Infra at a Crossroad After 45% Drop — Can Capital Recycling Revive Momentum?
After a sharp half-year decline, IRB Infrastructure stands at a critical juncture. While revenue moderated, stronger core profitability, asset monetisation, debt reduction, and shareholder rewards provide structural support. Sustained execution and stability near key technical levels will be crucial in shaping the next directional move.