IRB Infrastructure Developers Ltd
IRB Infrastructure Developers Q1 FY26: Order Book ₹30,000 Cr
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Total consolidated income increased by 10% YoY to ₹2,165 crores in Q1 FY26, indicating positive growth momentum. Margins expected to remain in the 18%-20% range due to changing project mix, with more HAM projects (lower margin) following completion of BOT projects like Palsit–Dankuni and Ganga.
From IRB Infrastructure Developers Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Total consolidated income increased by 10% YoY to ₹2,165 crores in Q1 FY26, indicating positive growth momentum.
- Income from InvIT and related assets surged 191% YoY, reflecting strong contributions from asset monetization.
- BOT segment income grew 5% YoY, showing steady performance in toll road operations.
- Construction segment income declined 2%, impacted by lower-margin COS and utility works and nearing project completions.
- Order book stands at ~₹30,000 crore; executable order book of ~₹4,300 crore over next two years.
- Asset acquisition and rotation from InvIT enhances financial capacity to bid for new projects worth ~₹15,000 crore.
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Profitability & Margins
See what IRB Infrastructure Developers Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company recently acquired 100% equity of three SPVs (Kishangarh Gulabpura, Kaithal Tollway, and Hapur Moradabad) from Private InvIT for an enterprise value of ~₹8,450 crore.
- This acquisition is expected to release ₹4,905 crore in cash, enhancing their financial capacity to bid for new projects worth approximately ₹15,000 crore.
- The asset rotation will increase the Sponsor’s O&M order book by about ₹3,100 crore, taking the total O&M order book to around ₹33,600 crore post-acquisition.
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Top-ranked in Construction
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Total current order book: ~₹30,000 crore (includes EPC order book of ~₹2,100 crore).
- Next two years executable order book (EPC + O&M): ~₹4,300 crore.
- Asset acquisition from Private InvIT to increase Sponsor’s O&M order book by ~₹3,100 crore, taking total O&M order book to ~₹33,600 crore post-acquisition.
- Tender pipeline: Some BOT and TOT projects lined up for bidding in the coming months.
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IRB Infrastructure Developers Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.9K Cr, net profit ₹296 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What IRB Infrastructure Developers Ltd's management said in earlier quarters
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Frequently Asked Questions
What were IRB Infrastructure Developers Ltd Q1 FY26 results?
Total consolidated income increased by 10% YoY to ₹2,165 crores in Q1 FY26, indicating positive growth momentum. Margins expected to remain in the 18%-20% range due to changing project mix, with more HAM projects (lower margin) following completion of BOT projects like Palsit–Dankuni and Ganga.
What is IRB Infrastructure Developers Ltd share price analysis?
IRB Infrastructure Developers Ltd currently shows a neutral. The stock trades at a P/E of 24.7 with a market cap of ₹24,265 Cr. Investors should review the full earnings analysis for detailed insights.
Is IRB Infrastructure Developers Ltd planning capital expenditure?
The company recently acquired 100% equity of three SPVs (Kishangarh Gulabpura, Kaithal Tollway, and Hapur Moradabad) from Private InvIT for an enterprise value of ~₹8,450 crore.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.