IRB Infra Q4 Results: Net profit jumps 38% on margin expansion to 56.2%, revenue slips YoY

IRB Infrastructure Developers Ltd reported a strong rise in profitability for the quarter ended March 31, 2026, aided by improved operational performance and higher gains from infrastructure investment trusts (InvITs) and related assets.

The company posted a consolidated net profit of ₹296.26 crore in Q4 FY26, compared to ₹214.72 crore reported in the corresponding quarter last year, registering a growth of 38% year-on-year.

Total revenue from operations stood at ₹1,927 crore during the March quarter against ₹2,149.24 crore in Q4 FY25, reflecting a decline of 10.3% YoY.

The revenue from operations included ₹1,526.44 crore from services, ₹352.33 crore as gains on InvITs and related assets at fair value measurement, and ₹48.23 crore from dividend and interest income from InvITs and related assets.

Operationally, EBITDA came in at ₹1,082.8 crore in Q4 FY26 compared with ₹997.9 crore in the year-ago period, marking an increase of 8.5% YoY. EBITDA margin improved sharply to 56.2% from 46.4% reported in the corresponding quarter last year.

Profit before tax stood at ₹405.61 crore during the quarter against ₹322.53 crore in Q4 FY25. Total tax expense for the quarter came in at ₹109.35 crore.

Finance costs during the quarter stood at ₹405.77 crore, while depreciation and amortisation expense was reported at ₹321.31 crore.

Total comprehensive income for the quarter rose sharply to ₹446.14 crore from ₹111.20 crore reported in the year-ago period, supported by gains on cash flow hedge adjustments.

Earnings per share (EPS) for the quarter came in at ₹0.25 compared with ₹0.17 in Q4 FY25.