| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 2,137 | 2,099 | +1.8% |
| EBITDA | 1,153 | 952 | +21.1% |
| EBITDA margin | 53.9% | 45.4% | +8.6 pts |
| Profit before tax | 417 | 286 | +45.5% |
| Net profit | 306 | 202 | +51.3% |
| EPS | ₹0.25 | ₹0.34 | −26.5% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 9,705 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 528 | 528 | 1,876 | 498 | 496 | ||
| 20,008 | 20,008 | 20,577 | 18,649 | 16,740 | ||
| 29,185 | — | — | — | — | ||
| 7,686 | 7,648 | 7,613 | 7,409 | 6,402 | ||
| — | +0.5% | +2.8% | +15.7% | — | ||
| 4,182 | 3,982 | 3,606 | 3,332 | 3,229 | ||
| 54.4% | 52.1% | 47.4% | 45.0% | 50.4% | ||
| 2,976 | 2,840 | 2,568 | 2,337 | 2,397 | ||
| 954 | 850 | 6,481 | 606 | 720 | ||
| 12.4% | 11.1% | 85.1% | 8.2% | 11.3% | ||
| ₹1.58 | ₹1.41 | ₹10.73 | ₹1.00 | ₹1.19 | ||
| — | −86.9% | +969.7% | −15.9% | — | ||
| — | 2,098 | 1,971 | 4,054 | 1,764 | ||
| — | −64.2 | −113 | −239 | −49.5 | ||
| 2,034 | 2,034 | 1,859 | 3,815 | 1,715 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 9,704.7 | |
| - Cash, Equiv & ST Investments | 496.3 | 497.7 | 1,876.3 | 527.5 | 527.5 | |
| + Total Debt | 16,739.7 | 18,649.0 | 20,577.3 | 20,008.1 | 20,008.1 | |
| Enterprise Value | — | — | — | — | 29,185.3 | |
| Revenue | 6,401.6 | 7,409.0 | 7,613.5 | 7,648.2 | 7,686.5 | |
| Growth %, YoY | — | +15.7 | +2.8 | +0.5 | — | |
| EBITDA | 3,229.0 | 3,331.8 | 3,605.9 | 3,981.8 | 4,182.4 | |
| Margin % | 50.44 | 44.97 | 47.36 | 52.06 | 54.41 | |
| EBIT | 2,396.9 | 2,336.8 | 2,568.2 | 2,839.8 | 2,976.2 | |
| Net Income | 720.0 | 605.8 | 6,480.7 | 850.4 | 954.1 | |
| Margin % | 11.25 | 8.18 | 85.12 | 11.12 | 12.41 | |
| EPS, Adj (current shares) | 1.19 | 1.00 | 10.73 | 1.41 | 1.58 | |
| Growth %, YoY | — | -15.9 | +969.7 | -86.9 | — | |
| Cash from Operations | 1,764.1 | 4,053.8 | 1,971.2 | 2,098.0 | — | |
| Capital Expenditures | -49.5 | -239.0 | -112.6 | -64.2 | — | |
| Free Cash Flow | 1,714.6 | 3,814.8 | 1,858.6 | 2,033.8 | 2,033.8 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
IRB Infrastructure Developers (NSE: IRB) had a market capitalisation of ₹19,603 crore at the 29 October 2026 close (₹16.23 a share), a PE ratio of 20.5 on the last four quarters' profit and a price-to-book ratio of 0.94. In FY26 its consolidated net profit was ₹850 crore on revenue of ₹7,648 crore; in Q1 FY27 (April–June 2026) it was ₹306 crore, up 51.3% year on year. Its debt-to-equity ratio was 0.96 on 31 March 2026. Promoters held 31.18% of the shares on 30 September 2026.
IRB Infrastructure Developers' PE ratio is 20.5 at the 29 October 2026 close (₹16.23 a share): a market capitalisation of ₹19,603 crore divided by consolidated net profit of ₹954 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹850 crore) it is 23.1.
IRB Infrastructure Developers' price-to-book (PB) ratio is 0.94 at the 29 October 2026 close: a market capitalisation of ₹19,603 crore divided by shareholders' equity (book value) of ₹20,949 crore on 31 March 2026. That is a book value of ₹17.34 per share against a share price of ₹16.23.
IRB Infrastructure Developers' net worth — shareholders' equity in its consolidated balance sheet — was ₹20,949 crore on 31 March 2026, up 5.7% from ₹19,827 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹19,603 crore at the 29 October 2026 close.
IRB Infrastructure Developers' market capitalisation was ₹19,603 crore at the 29 October 2026 close: 1,207.8 crore shares at ₹16.23 each.
No. IRB Infrastructure Developers had borrowings of ₹20,008 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.96. Its cash and current investments were ₹2,092 crore, so its net debt was ₹17,916 crore.
IRB Infrastructure Developers' debt-to-equity ratio was 0.96 on 31 March 2026: borrowings of ₹20,008 crore against total equity of ₹20,949 crore. A year earlier, on 31 March 2025, it was 1.04.
In FY26, IRB Infrastructure Developers' return on equity (ROE) was 4.2% and its return on capital employed (ROCE) was 5.7%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 38.6% and ROCE 5.6%.
IRB Infrastructure Developers' book value per share was ₹17.34 on 31 March 2026: shareholders' equity of ₹20,949 crore divided by the 1,207.8 crore shares in issue. The share price at the 29 October 2026 close was ₹16.23.
On 30 September 2026, IRB Infrastructure Developers' shares were held by promoters 31.18%, foreign portfolio investors (FII/FPI) 43.64%, domestic institutions (DII) 10.18% (including mutual funds at 4.74%) and retail and other non-institutional investors 15.00%. Over the year, FII holding was up 0.23 percentage points from 43.41% and DII holding was up 0.61 percentage points from 9.57%.
IRB Infrastructure Developers' basic earnings per share (EPS) were ₹0.70 in FY26.
In 2026, IRB Infrastructure Developers has declared three dividends totalling ₹0.17 a share: ₹0.07 (interim) with record date 19 February 2026 and ex-date 18 February 2026, ₹0.05 (interim) with record date 26 May 2026 and ₹0.05 (interim) with record date 5 August 2026.
IRB Infrastructure Developers has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
Promoters held 31.18% of IRB Infrastructure Developers on 30 September 2026, up 0.37 percentage points from 30.81% the previous quarter and up 0.76 percentage points from 30.42% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, IRB Infrastructure Developers generated ₹2,098 crore of cash from operations and spent ₹64.2 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹2,034 crore. In FY25 it was ₹1,859 crore.
IRB Infrastructure Developers' latest results are for Q1 FY27 (April–June 2026), filed on 30 July 2026: consolidated net profit ₹306 crore, up 51.3% from ₹202 crore in Q1 FY26; revenue from operations ₹2,137 crore, up 1.8% year on year.
In FY26 (April 2025–March 2026), IRB Infrastructure Developers' consolidated net profit was ₹850 crore, down 86.9% from ₹6,481 crore in FY25, on revenue from operations of ₹7,648 crore (up 0.5%). Over three years, from FY23, net profit was up 18.1%.
At the 29 October 2026 closing prices, on FY26 net profit, IRB Infrastructure Developers' PE ratio is 23.1, the highest of the four: KNR Constructions 6.5, PNC Infratech 4.1 and Ashoka Buildcon 1.1, a peer average of 3.9. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, IRB Infrastructure Developers earned net profit of ₹850 crore on revenue of ₹7,648 crore, against ₹437 crore on ₹2,698 crore for KNR Constructions. IRB Infrastructure Developers' operating margin was 37.1% (KNR Constructions 24.2%) and its return on equity 4.2% (KNR Constructions 9.2%). At the 29 October 2026 close, IRB Infrastructure Developers' market capitalisation was ₹19,603 crore against ₹2,833 crore for KNR Constructions, and its PE ratio on FY26 profit 23.1 against 6.5.
On FY26 consolidated figures, against KNR Constructions, PNC Infratech and Ashoka Buildcon: IRB Infrastructure Developers' operating margin of 37.1% is the highest of the four (KNR Constructions 24.2%, PNC Infratech 18.9%, Ashoka Buildcon 22.9%; peer average 22.0%); its return on equity of 4.2% is the lowest of the four (KNR Constructions 9.2%, PNC Infratech 13.0%, Ashoka Buildcon 48.6%; peer average 23.6%); its revenue growth over three years of 6.1% a year is the highest of the four (KNR Constructions −12.8% a year, PNC Infratech −12.3% a year, Ashoka Buildcon −2.5% a year; peer average −9.2% a year).
From IRB Infrastructure Developers' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.