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Earnings Call

IRB Infrastructure Developers Earnings Call: Key Takeaways

IRB Infra Q4FY26 PAT grew 38% YoY to ₹2.96bn. Transitioning to a Sponsor + O&M platform model focused on capital recycling through InvITs.

Why this was an Alfa AlertNot a filter event. Results are strong but no explicit management guidance range was provided to confirm a 5% beat.
Highlights
Revenue growthFY26 Toll revenue ~13% YoY growth.
MarginsEBITDA margin improved to 59% in Q4FY26 from 50% YoY.
Order bookTotal order book at ₹449bn as of March 31, 2026.
Demand visibilityStrong; ₹3tn Govt monetization pipeline identified.
Management confidenceHigh; focusing on cash ROE expansion and asset recycling.

Growth

FY26 Toll revenue grew ~13% YoY; PAT for FY26 reached ₹8.93bn, up 32% YoY.

Outlook

Targeting Road AUM growth from ₹800bn to ₹1,400bn by FY29; PAT CAGR guidance of 25%.

Risks

Regulatory changes in tolling, traffic volatility, and interest rate risks on high debt portfolio.

Source

Earnings Call filed with NSE, NSE: IRB. Summary written with AI assistance from the document.

Read the document ↗

IRB Infrastructure Developers Ltd: key numbers

Share price
₹18.53
Market cap
₹22,381 Cr
Revenue (annual)
₹7,648 Cr
Net profit (annual)
₹850.4 Cr
P/E (TTM)
20.9×Sector 33.5×
Promoter holding
31.18%+0.37% QoQ
FII holding
43.63%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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