IRB Infrastructure Developers Limited has informed the Exchange that Board of Directors at its meeting held on February 13, 2026, declared 3rd Interim Dividend of Rs.0.07 per equity share.
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IRB Infrastructure Developers announced Q3FY26 (quarter ended Dec 31, 2025) consolidated revenue from operations of Rs. 18,712 million, down about 7.6% YoY from Rs. 20,254 million in Q3FY25. Reported net profit after tax fell sharply to Rs. 2,108 million (vs Rs. 60,261 million in Q3FY25, which included a one-time Rs. 58,041 million exceptional gain from fair-value reclassification of InvIT investments). Excluding exceptional items, PAT grew 14% YoY to Rs. 253 crore, with EBITDA margin expanding to around 55% from 50%. The Board declared a 3rd interim dividend of Rs. 0.07 per share (7%) and approved a 1:1 bonus issue, subject to shareholder approval via postal ballot. A material related party transaction worth up to Rs. 1,581.83 crore (Rs. 1,866.55 crore including GST) with IRB Chandibhadra Tollway for the TOT-18 project was also approved. Authorized share capital will be doubled from Rs. 615 crore to Rs. 1,260 crore to accommodate the bonus issue.
The 1:1 bonus issue doubles the share count and improves retail liquidity, but will dilute EPS on a per-share basis going forward. Modest dividend yield (7% on Rs.1 face value) signals limited cash distribution despite strong InvIT monetisation unlocking Rs. 4,900 crore in equity. Reported numbers look weak due to base-effect from last year's one-time gain, but core operations showed healthy 14% PAT growth and margin expansion.