Interim report
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November 12, 2025 To, Corporate Relationship Department, BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai 400 001. Listing Department, National Stock Exchange of India Limited Exchange Plaza, C-1 Block G Bandra Kurla Complex, Bandra (E), Mumbai 400 051 Dear Sir, Ref.: Scrip Code: 532947, Symbol: IRB Subject: Outcome of the Meeting of the Board of Directors held on November 12, 2025 Please note that the Board of Directors of the Company (the “Board”) at its meeting held today i.e. November 12, 2025, has inter-alia, approved the following: 1. Consolidated & Standalone Unaudited Financial Results for the quarter and six months ended September 30, 2025. A copy of the results along with the Limited Review Report is enclosed herewith. 2. Declared 2nd Interim dividend of 7% (Re. 0.07/- per equity share of face value of Re. 1/ - each) for financial year 2025-26. The record date for the purpose of payment of dividend is November 18, 2025. The 2nd Interim dividend shall be paid / dispatched to the eligible shareholders on or before December 11, 2025. The Board Meeting commenced at 12:15 pm and concluded at 1:15 pm. You are requested to kindly take note of the same. For IRB Infrastructure Developers Limited Mehul Patel Company Secretary
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MSKA &t Associates Chartered Accountants HO 602, Floor 6, Raheja Titanium Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E) Mumbai 400063, INDIA Tel: +91 22 6974 0200 Independent Auditor's Review Report on consolidated unaudited financial results of IRB Infrastructure Developers Limited for the quarter and year to date pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of IRB Infrastructure Developers Limited 1. We have reviewed the accompanying Statement of consolidated unaudited financial results of IRB Infrastructure Developers Limited (hereinafter referred to as 'the Holding Company'), its subsidiaries, (the Holding Company and its subsidiaries together referred to as the 'Group') for the quarter ended September 30, 2025 and the year-to-date results for the period from April 1, 2025 to September 30, 2025 ('the Statement') attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Regulations'). 2. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with relevant rules issued thereunder (' Ind AS 34') and other recognised accounting principles generally accepted in India and is in compliance with the Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33 (8) of the Regulations, to the extent applicable. 4. This Statement includes the results of the Holding Company and the entities stated in Annexure 1. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 to 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclb or that it contains any material misstatement. Ahmedabad I Bengaluru I Chandigarh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune
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MSKA & Associates Chartered Accountants 6. We did not review the interim financial information of nineteen subsidiaries included in the Statement, whose interim financial information reflects total assets of Rs. 3, 73,869 million (before consolidation adjustment) as at September 30, 2025 and total revenues of Rs. 18,677 million (before consolidation adjustment) and Rs. 38,418 million (before consolidation adjustment), total net profit/ (loss) after tax of Rs. (65) million (before consolidation adjustment) and Rs. 542 million (before consolidation adjustment) and total comprehensive income/ (loss) of Rs. (61) million (before consolidation adjustment) and Rs. 552 million (before consolidation adjustment), for the quarter ended September 30, 2025 and for the period from April 1, 2025 to September 30, 2025, respectively, and cash flows (net) of Rs. 2,652 million (before consolidation adjustment) for the period from April 1, 2025 to September 30, 2025, as considered in the Statement. These interim financial information have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the report of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of the above matter with respect to our reliance on the work done by and report of the other auditors. 7. The Statement includes the interim financial information of one subsidiary which has not been reviewed by their auditors, whose interim financial information reflect total assets of Rs. 662 million (before consolidation adjustment) as at September 30, 2025 and total revenue of Rs. 25 million (before consolidation adjustment) and Rs. 50 million (before consolidation adjustment), total net profit/ (loss) after tax of Rs. (0) million (before consolidation adjustment) and Rs. 7 million (before consolidation adjustment) and total comprehensive income / (loss) of Rs. (0) million (before consolidation adjustment) and Rs. 7 million (before consolidation adjustment) for the quarter ended September 30, 2025 and for the period from April 1, 2025 to September 30, 2025, respectively, and cash outflows (net) of Rs. 29 million (before consolidation adjustment) for the period from April 1, 2025 to September 30, 2025, as considered in the Statement. This interim financial information have been furnished to us by the Management and our conclusion on the Statement in so far as it relates to the amounts and disclosures included in respect of this subsidiary is based solely on such management prepared unaudited interim financial information. According to the information and explanations given to us by the Management, this interim financial information are not material to the Group. Our conclusion is not modified in respect of the above matter with respect to our reliance on the financial result certified by the management. For M S K A & Associates Chartered Accountants ICAI Firm Registration No.105047W gbe2' Nitin Tiwari Partner Membership No.: 118894 UDIN: D5118s9)23r11YGr t517 Place: Mumbai Date: November 12, 2025 Head Office: 602, Floor 6, Raheja Titanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 22 6974 0200 Ahmedabad I Bengaluru I Chandigarh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune www.mska.in
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MS KA Et Associates Chartered Accountants Annexure 1 List of subsidiaries included in the consolidated unaudited financial results of IRB Infrastructure Developers Limited. Sr. No 1 2 3 4 5 6 Name Of Entity IRB Ahmedabad Vadodara Super Express Tollway Private Limited Modern Road Makers Private Limited Mhaiskar Infrastructure Private Limited Ideal Road Builders Private Limited IRB Infra Industries Private Limited (Formerly known as IRB Kolhapur Integrated Road Development Company Private Limited) IRB Goa Tollway Private Limited Relationship with Holding Company Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary 7 ATR Infrastructure Private Limited 8 IRB Sindhudurg Airport Private Limited 9 Aryan Toll Road Private Limited 10 Aryan Infrastructure Investments Private Limited 11 Thane Ghodbunder Toll Road Private Limited 12 IRB MP Expressway Private Limited 13 Aryan Hospitality Private Limited 14 IRB Infrastructure Private Limited 15 MRM Mining Private Limited 16 VM7 Expressway Private Limited 17 GE1 Expressway Private Limited 18 IRB PS Highway Private Limited 19 Pathankot Mandi Highway Private Limited 20 Chittoor Thachur Highway Private Limited Head Office: 602, Floor 6, Raheja Titanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 22 6974 0200 Ahmedabad I Bengaluru I Chandigarh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune www.mska.in
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MSKA & Associates Chartered Accountants List of joint ventures included in the consolidated unaudited financial results of IRB Infrastructure Developers Limited (Refer Note A below) Sr No 1 2 Name Of Entity MMK Toll Road Private Limited IRB Infrastructure Trust Relationship with Holding Company Joint Venture Joint Venture Subsidiaries of IRB Infrastructure Trust 1 AE Tollway Limited 2 Yedeshi Aurangabad Tollway Limited 3 IRB Westcoast Tollway Limited 4 Kaithal Tollway Limited 5 Solapur Yedeshi Tollway Limited 6 CG Tollway Limited 7 Udaipur Tollway Limited 8 Kishangarh Gulabpura Tollway Limited 9 IRB Hapur Moradabad Tollway Limited 10 Palsit Dankuni Tollway Private Limited 11 IRB Golconda Expressway Private Limited 12 Samakhiyali Tollway Private Limited 13 IRB Lalitpur Tollway Private Limited 14 IRB Kota Tollway Private Limited 15 IRB Gwalior Tollway Private Limited 16 Meerut Budaun Expressway Limited (A) As stated in Note 7 to the accompanying Statement of consolidated unaudited financial results, with effect from quarter ended December 31, 2024, these joint ventures are measured at fair value through profit and loss account ("FVTPL") as per Ind AS 28, "Investment in Joint ventures and Associates". Head Office: 602, Floor 6, Raheja Titanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 22 6974 0200 Ahmedabad I Bengaluru I Chandigarh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune www.mska.in
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ISO 45001, ISO 27001 0026 0 UKAS MANAGEMENT SYSTEMS INFRASTRUCTURE DEVELOPERS LTD HIGHWAY TO GROWTH Im3I3 Certifcate Number 23725 Part I: Statement of Unaudited Consolidated Financial Results for the quarter and six months ended September 30, 2025 (Rs. in million except earnings per share data) Sr. No. Particulars Quarter ended Six months ended Year ended 30.09.2025 30.06.2025 30.09.2024 30.09.2025 30.09.2024 31.03.2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) I Revenue from operations a) Revenue from services 14,476.06 18,659.04 15,858 44 33,135.10 34,387 80 70,619.99 b) Gain on lnvlTs & Related Assets as per fair 2,784.85 1,555.56 - 4,340.41 - 5,130.62 value measurement (refer note 7(ii)) c) Dividend/ Interest income from lnv!Ts & 249.25 775.06 - 1,024.31 384 06 Related Assets (refer note 7(iii)) Total Revenue from operations 17,510.16 20,989.66 15,858.44 38,499.82 34,387.80 76,134.67 ((a) to (le)) 2 Other income 492.79 656.10 1,657.76 1,148.89 2,845.22 4,180.80 3 Total Income (1) + (2) 18,002.95 21,645.76 17,516.20 39,648.71 37,233.02 80,315.47 4 Expenses a) Cost of material consumed 1,543.43 2,995.59 589.54 4,539.02 2,014.46 6,009.14 b) Road work and site expenses 4,464.01 6,495.20 5,760 76 10,959.21 11,954.90 24,924.74 c) Employee benefits expense I, 197.44 1,042.78 1,074.88 2,240.22 2,082.22 4,256.43 d) Finance costs 4,509.62 4,620.01 4,342.07 9,129.63 8,729.22 17,919.35 e) Depreciation and amortisation expense 2,621.15 2,692.09 2,312.04 5,313.24 4,862.14 10,376.25 ) Other expenses 1,059.24 936.24 765.78 1,995.48 2,098.60 4,885.86 Total Expenses ((4a) to (40)) 15,394.89 18,781.91 14,845.07 34,176.80 31,741.54 68,371.77 5 Profit before share of profit / (loss) of joint 2,608.06 2,863.85 2,671.13 5,471.91 5,491.48 11,943.70 ventures, exceptional items and tax ()-(4) 6 (Loss) from Joint Ventures (net) (837.24) - (1,371.08) ( I ,371.08) 7 Profit before exceptional item and tax 2,608.06 2,863.85 1,833.89 5,471.91 4,120.40 10,572.62 (5) + (6) 8 Exceptional items - Gain (net) (refer note 7(i)) - 58,041.28 9 Profit before tax (7) + (8) 2,608.06 2,863.85 1,833.89 5,471.91 4,120.40 68,613.90 to Tax expenses Current tax 489.20 246.93 509.77 736.13 1,008.90 1,635.52 Deferred tax 710.62 592.10 325.43 1,302.72 712.97 2,171.54 Total tax expenses 1,199.82 839.03 835.20 2,038.85 1,721.87 3,807.06 II Net Profit after tax (9)--(10) 1,408.24 2,024.82 998.69 3,433.06 2,398.53 64,806.84 12 Other comprehensive income / (loss) : A. Items that will not be reclassified to statement of profit and loss in subsequent period / year Mark to market gain / (loss) on fair value I 34.42 1,074.45 (253.08) 1,208.87 (389.36) (1,385.01) measurement of investments (net of tax) Re-measurement of gain / (loss) on defined 5.14 5.14 (7.25) 10.28 (15.30) 20.14 benefit plans (net of tax) B. Items that will be reclassified to statement of profit and loss in subsequent period / year Effective portion of gain/(loss) on cash flow 831.32 477.60 971.37 1,308.92 1,125.80 (205.63) hedge ( net of tax) Other comprehensive income / (loss) for the 970.88 1,557.19 711.04 2,528.07 721.14 (1,570.50) period / year, net of tax (A+B) 13 Total comprehensive income for the period / 2,379.12 3,582.01 1,709.73 5,961.13 3,119.67 63,236.34 year (11) + (12) Attributable to: Equity holders 2,379.12 3,582.01 1,709.73 5,961.13 3,119.67 63,236.34 Non-controlling interest - - - - - - 14 Paid-up equity share capital (face value 6,039.00 6,039.00 6,039.00 6,039.00 6,039.00 6,039.00 Re. I per share) 15 Other equity 1,92,226.79 16 Earnings per share (of Re. I each) basic and 023° 034 0.17 0.57 0.40 10.73 diluted - (Rs.) (not annualised) AA44A4 See accompanying notes to the unaudited consolidated financial results ·ta'). � 7Rgos; 4 ±? 'tl 31' 1%] %% 4» ?'; 's, f~I' Jill t d be w 5h 9 V {ST h . : ISO 9001, ISO 4001, Corporate Off ice : 3rd Floor, IRB Complex, Chandivali Farm, Chandivali Village, Andheri (E), Mumbai - 400 072. Tel: 91 - 22 -6640 4220 / 4880 4200 • Fax: 91 - 22-2857 3441 e-mail: info@irb.co.in www.irb.co.in CIN: L65910MH1998PLC115967 Registered Office: 1101, Hiranandani Knowledge Park, 11' Floor, Technolgy ire~lHilSl~ venue, Opp. Hiranandani Hospital, Powai, Mumbai - 400 076 Tel: 91-22-6733 6400 / 4053 6400 Fax: 91-22-4053 6699 e-mail: inlo@irb.co.in www.irb.co.in
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RE,@9 HIGHWAY TO GROWTH cb 0 UKAS MANAGEMENT SYSTEM5 0026 ISO 9001, ISO 14001, ISO 45001, ISO 27001 Certifcate Number 23725 Part -- II: Unaudited Consolidated Balance Sheet as at September 30, 2025 Particulars ASSETS Non-current assets Property, plant and equipment Capital work in progress Right to use asset Goodwill on consolidation Other Intangible assets Intangible assets under development Financial assets i) Investments a. investment in joint-ventures b. other investments ii) Trade receivables iii) Other financial assets Deferred tax assets Other non-current assets Total non-current assets (A) Current assets Inventories Financial assets i) Investments ii) Trade receivables iii) Cash and cash equivalents iv) Bank balances other than (iii) above v)Loans vi) Other financial assets Current tax assets (net) Other current assets Total current assets (B) TOTAL ASSETS (A+B) (Rs. in million) As at As at 30.09.2025 31.03.2025 (Unaudited) (Audited) 9,247.64 9,639.71 295.97 7.73 193.35 215.31 78 04 78.04 2,31,269.73 2,36,226.34 3,487.26 1,73,889.83 1,66,162.76 5,833.27 4,642.83 4, f 80.08 4,180.08 61,476.96 58,240.67 410.15 474.37 7.92 4.52 4,90,370.20 4,79,872.36 3,028 73 3,385.84 4,805.28 167.24 4,168.99 3,309.50 3,894.75 18,595.31 15,461.82 15,861.61 325.01 403.23 11 576 00 5,259.74 794.58 611.26 9,034.81 11,493.62 53,089.97 59,087.35 5,43,460.17 5,38,959.71 6,039.00 1,92,226.79 1,98,265.79 6,039.00 1,97,765.19 2,03,804.19 1,85,219. 17 1,86,948.42 170.96 191.83 92,072.78 95,147.63 177.97 75.48 22,549.78 20,868.15 3,00,190.66 3,03,231.51 23,088.08 18,824.79 37.62 28.16 402.28 1,155.92 2,434.41 4,061.59 10,633.09 10,885.93 2,416.89 2,419.47 128.79 84.54 324.16 2.01 39,465.32 37,462.41 3,39,655.98 3,40,693.92 5,43,460.1 7 EQUITY AND LIABILITIES Equity Equity share capital Other equity Total equity (A) Liabilities Non-current liabilities Financial liabilities i) Borrowings ii) Lease liabilities iii) Other financial liabilities Provisions Deferred tax liabilities Total Non-current liabilities (B) Current liabilities Financial liabilities i) Borrowings ii) Lease liabilities iii) Trade payables a. total outstanding dues of micro enterprises and small enterprises b. total outstanding dues of creditors other than micro enterprises and small enterprises iv) Other financial liabilities Other current liabilities Provisions Current tax liabilities (net) Total Current liabilities (C) TOTAL LIABILITIES (D=B+C) TOTAL EQUITY AND LIABILITIES (A+D)
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HIE @ HIGHWAY TO GROWTH cb 0 UKAS MANAGEMENT SYSTEMS 0026 ISO 9001, ISO 14001, ISO 45001, ISO 27001 Certifcate Number 23725 Part III- Unaudited Consolidated Statement of cash flows for the six months ended September 30, 2025 (Rs. Ill million) Particulars Six months ended 30.09.2025 (Unaudited) Six months ended 30.09.2024 (Unaudited) Cash flows from operating activities Profit before tax Adjustments to reconcile before tax to net cash flows: Depreciation and amortisation Provision for Resurfacing expenses Cost of cash flow hedge Net (gain) on sale of property, plant and equipment Net (gain)/ Loss on current investment at air value through statement of Profit and (Gain) on fair value measurement of other receivables Share of loss from joint ventures (net) Net (gain) on sale of current investment Finance costs Gain on InvlT and related assets as per fair value measurement Interest income Interest income on unwinding of loan Dividend income on investments Operating profit before working capital changes Changes in working capital (Increase) / Decrease ia trade receivables Decrease/ (Increase) in inventories Decrease / (Increase) in loans (Increase) in other financial assets Decrease / (Increase) in other assets (Decrease) in trade payables Increase / (Decrease) in provisions (Decrease) in other financial liabilities (Decrease) in other liabilities Cash generated from operations Taxes paid (net) Net cash flows generated from operating activities Cash flows from investing activities Addition to intangible assets including intangible assets under development and capital advances Purchase of property, plant and equipment Proceeds from sale of property, plant and equipment Proceeds from sale of non-current investments Investment in joint venture Loan given to joint ventures Loan repaid by joint ventures (Investment in) / Proceeds from current vestment (net) Proceeds / (Investment in) from maturity of bank deposits (having original maturity of more than three months) (net) Interest and dividend received Net cash flows (used in) / generated from investing activities Cash flows from financing activities Proceeds from non-current borrowings Repayment of non-convertible debentures Repayment of non-current borrowings Proceeds / (Repayment) of current borrowings (net) Payment of lease liabilities Finance cost paid Dividend paid on equity shares Net cash flows (used in) from financing activities Net increase / (decrease) in cash and cash equivalents (4A+B+CJ Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period Components of cash and cash equivalents Balances with banks - Escrow accounts - Current accounts - In deposit with banks with original maturity less than 3 months Cash on hand Total cash and cash equivalents (A) (IJ) (C) 5,471 91 4,120 40 5,313.24 4,862 14 115.33 388.65 98.24 614.93 (12.88) (5 37) 831 (1,227.70) 1,371 08 (SJ 99) (3134) 9,129.63 8,729 22 (4,340.41) (1,027 86) (1,449 59) (450.76) (24.42) (54.71) 14,237.08 17,306.97 (859. 19) 1,269.09 357 11 (365.63) 6 26 (33 28) (2,328.75) (4,512 72) 2,458.8 (1,812.93) (2,380.84) (1,295.33) 44.58 (747 50) (406.01) (356 48) (2.58) (781 57) 11,126.17 8,670.62 (597 .29) (822 58) 10,528.88 7,848.04 (4,592 18) (345 06) (368 00) (849 68) 162.76 310 341 48 5391l (3,394.76) (651 40) (541.65) (2,201.65) 613.6l 2,305 23 (9,067 44) 2,666.25 400.27 (279.96) 2,566.95 1,372.50 (13,878.96) 2,558.44 400.34 4,730 28 (397 49) (547 41) (6,934.99) (5,469.93) 3,134.93 (1,301 56) (2161) (25 00) (7,108. 93) (7,512 47) (422.73) (1,207.80) (11,350.48) (11,333.89) (14,700.56) (927.41) 18,595.31 2,326.73 3,894.75 1,399.32 193 18 30 84 667.36 I,1HI25 2,927 97 146 79 106.24 110.44 3,894.75 1,399.32
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1I13l HIGHWAY TO GROWTH cb le 0 UKAS MANAGEMENT SYSTEMS 0026 ISO 9001, ISO 14001, ISO 45001, ISO 27001 Certifcate Number 23725 Part IV: Report on Unaudited Consolidated Segment Revenue, Segment Results and Capital Employed for the quarter and six months ended September 30, 2025 (Rs. in million) Particulars Quarter ended Six months ended Year ended 30.09.2025 30.06.2025 30.09.2024 30.09.2025 30.09.2024 31.03.2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) I. Segment Revenue a. BOT/ TOT Projects 6,274.64 6,460 24 5,811.00 12,734 88 11,950 38 24,838.78 b InvlTs & Related Assets ## 3,034 11 2,330.62 1,289.09 5,364.73 2,08917 7,603.85 c. Construction 8,155 11 12142 42 9,999.78 20,297 53 22,339 56 45,606.76 d Unallocated corporate 46.30 56.38 47.66 102.68 97.86 174.45 Total 17,510.16 20,989.66 17,147.53 38,499.82 36,476.97 78,223.84 Less Inter segment revenue - - Revenue from Operations 17,510.16 20,989.66 17,147.53 38,499.82 36,476.97 78,223.84 2. Segment Results a BOT/ TOT Projects 3,079 33 3,172 21 2,891 53 6,251 54 5,821 50 I 1,702.15 b. InvlTs & Related Assets # 2,752 64 2,11013 1,289 09 4,862.77 2,089.17 6,990.79 c. Construction 1,367 28 2,042.49 2,528.58 3,409.77 6,084.74 11,047.51 d. Unallocated corporate (89.37) (46.96) (52.76) (136.33) (89.42) (224.51) Total 7,109.88 7,277.87 6,656.44 14,387.75 13,905.99 29,515.94 Less: Interest (4,509.62) (4,620.01) (4,342.07) (9,129.63) (8,729.22) (17,919.35) Other un-allocable income net off un-allocable expenditure 7 80 205.99 356.76 213.79 314.71 347 09 Exceptional items (refer note 7(i)) 58,041.28 (Loss) from Joint Ventures (net) (837.24) (1,371 .08) (1,371.08) 3. Profit before tax 2,608.06 2,863.85 1,833.89 5,471.91 4,120.40 68,613.90 Segment Assets a. BOT/ TOT Projects 2,35,717 53 2,36,042 81 2,42,752.82 2,35,717 53 2,42,752 82 2,37,080.42 b. InlTs & Related Assets 2,20,651 67 2,15,981 57 1,35,187.46 2.,20,651.67 1.35,187 46 2,13,037.00 c. Construction 42,124 90 45,849.08 41,641 53 42,124 90 41,641 53 43,212.46 d Unallocated corporate 44,966.07 45,992.31 28,639.58 44,966.07 28,639.58 45,629.83 Total (A) 5,43,460.17 5,43,865.77 4,48,221.39 5,43,460.17 4,48,221.39 5,38,959.71 Segment Liabilities a BOT/ TOT Projects 99,058.51 1,00,341.44 1,04,169 33 99,058 51 1,04,169.33 1,01,888.72 b. InvlTs & Related Assets c. Construction 9,370. 80 10,532.16 12,270 50 9,370 80 12,270 50 12,124.06 d. Unallocated corporate 2,31,226.67 2,31,144.37 1,92,424.64 2,31,226.67 1,92,424.64 2,26,681.14 Total (BJ 3,39,655.98 3,42,017.97 3,08,864.47 3,39,655.98 3,08,864.47 3,40,693.92 Total (A)-- (B) 2,03,804.19 2,01,847.80 1,39,356.92 2,03,804.19 1,39,356.92 1,98,265.79 refer note d below + Segment revenue and results do not include fair value gain (loss) in [RI hnlT Fund as it continues to be measured at fair value through other comprehensive income (FTOC]") Notes: a Pursuant to Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Company has opted to publish only the consolidated segments Segment reporting of IRB Infrastructure Developers Limited and its subsidiaries (together, 'the Group') has been prepared in accordance with Indian Accounting Standard 108 "Operating Segment" (Ind AS 108) b. Ind AS 108 requires operating segments to be determined based on information that is regularly reviewed by the Chief Operating Decision Maker ("CODM") for the purpose of allocating resources to the segment and to assess its performance. Accordingly, the Group has identified below operating segments i.Built, Operate and Transfer ('BOT')/ Toll, Operate and Transfer ('TOT') segment consist of operation and maintenance of roads ii [nvlTs & Related Assets segment consists of investments in units of IRB Infrastructure Trust, IRB InvlT Fund and other related assets (refer note c & d) iii Construction segment consists of development and maintenance of roads c. With regulatory changes relating to operations of Infrastructure Investment Trust, coupled with changes in business environment and emerging business opportunities, the Group aligned its business model with respect to its investment in IRB Infrastructure Trust, IRB InvIT Fund and related assets ("InvlTs & Related Assets") Consequently, during the quarter ended December 3I, 2024, the Group identified "InvlTs & Related Assets"as a new operating segment d As per Ind AS 108, certain segment related disclosures for comparative periods have been recast to confirm with the presentation in the current period and to reflect the reliable and relevant comparable segment based on the available information. e. Construction segment includes other operating revenue on annuity related to Hybrid Annuity Model (HAM) projects
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1IE, @9 HIGHWAY TO GROWTH cb 0' UKAS MANAGEMENT SYSTEMS 0026 ISO 9001, ISO 14001, ISO 45001, ISO 27001 Certifcate Number 23725 NOTES: Consolidation Reporting: I. Investors can view the results or the Group and its joint ventures on the Company's website (www.irb.co.in) or on the websites of BSE 2.The above published unaudited consolidated financial results have been prepared in accordance with the recognition and measurement principles of Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015. 3. In accordance with Regulation 33 or the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, the Statutory Auditor of the Company have carried out limited review of the above unaudited results. 4. The unaudited results for the quarter ended and six months ended September 30, 2025 have been reviewed by the Audit Committee at their meeting held on November 12, 2025 and thereafter approved by the Board of Directors at their meeting held on November 12, 2025. The statutory auditor have expressed an unqualified review opinion. 5. The Company has fully redeemed its Secured, Redeemable, Listed, Rated, Non-Convertible Debentures on June 28, 2025. Accordingly, there is no outstanding as of September 30, 2025. 6. The Board of Directors at its meeting held on November 12, 2025 has declared interim dividend of Re. 0.07 per equity share of face value of Re.I/- each. 7. For the reasons stated in Notes to Part IV related to segment results i) the Group aligned its business model with respect to its investments in InvlTs & Related Assets. Consequently, during the quarter ended December 31, 2024, the Group assessed its eligible investments, including interest in joint ventures meeting the required conditions under Ind AS 28, "Investment in Joint ventures and Associates", for measurement at fair value through profit and loss account (FVTPL"). Accordingly, on initial recognition, fair value gain of Rs 58,041.28 million (net of deferred tax of Rs 16,254.35 million) was recognised and presented as Exceptional items'. ii) Subsequent gain on measurement of these investments at fair value has been recognised and presented as "Gain on lnvlTs & Related Assets as per fair value measurement'" under revenue from operations in the Statement or unaudited consolidated financial results. iii) "Dividend/ Interest income from lnvlTs & Related Assets" have been presented separately under revenue from operations from the date or initial recognition on account of the above change. 8. Key numbers or standalone financial results of the Company for the quarter and six months ended September 30, 2025 are as under: (Rs. in million) Quarter ended Six months ended Year ended Particulars 30.09.2025 30.06.2025 30.09.2024 30.09.2025 30.09.2024 31.03.2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue from operations 10,647.24 12,939.82 9,937.45 23,587.06 22,481.53 50,633.42 Profit for the period /year before tax 2,955.86 1,864.04 2,002.36 4,819.90 3,617.28 58,130.25 Net Profit. for the period/year after tax 1,883.73 1,397.72 1,598.90 3,281.45 3,017.31 56,140.58 9. Figures for the previous periods have been regrouped/reclassified to confirm to the classification of the current periods. For IRB Infrastructure Developers Limited Virendra D. Mhaiskar Chairman and Managing Director Place: Mumbai Date: November 12, 2025
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MSKA &t Associates Chartered Accountants HO 602, Floor 6, Raheja Titanium Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E) Mumbai 400063, INDIA Tel: +91 22 6974 0200 Independent Auditor's Review Report on Standalone unaudited financial results of IRB Infrastructure Developers Limited for the quarter and year to date pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors of IRB Infrastructure Developers Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results of IRB Infrastructure Developers Limited (hereinafter referred to as 'the Company') for the quarter ended September 30, 2025 and the year-to-date results for the period from April 1, 2025 to September 30, 2025 ('the Statement') attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Regulations'). 2. This Statement, which is the responsibility of the Company's Management and has been approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting', prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with relevant rules issued thereunder ('Ind AS 34') and other recognised accounting principles generally accepted in India and is in compliance with the Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For M S K A & Associates Chartered Accountants ICAI Firm Registration No.105047W jaw.' Nitin Tiwari Partner Membership No.:118894 UDIN: 2.5)18894)G01kYL 7ci+) Place: Mumbai Date: November 12, 2025 Ahmedabad I Bengaluru I Chandigarh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune
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HIGHWAY TO GROWTH ISO 9001, ISO 14001, ISO 45001, ISO 27001 Certifcate Number 23725 @5 � __3SITMS 0026 Particulars Quarter ended Six months ended Year ended 30.09.2025 30.06.2025 30.09.2024 30.09.2025 30.09.2024 31.03.2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) l Revenue from operations a Revenue from services 7,613.14 11,059.96 9,937.45 18,673.10 22,481.53 45,143.02 b Gain on InvlTs & Related Assets as per fair value measurement 2,784.85 1,555.56 - 4,340.41 5,130.62 (refer note 7(ii)) C Dividend / Interest income from InvlTs & Related Assets 249.25 324.30 573.55 - 359.78 (refer note 7(iii)) Total Revenue from operations ((la) to (le)) 10,647.24 12,939.82 9,937.45 23,587.06 22,481.53 50,633.42 2 Other income 1,073.80 761.95 2,564.09 1,835.75 4,620.15 7,471.00 3 Total Income (1)+02) 11,721.04 13,701.77 12,501.54 25,422.81 27,101.68 58,104.42 4 Expenses a Contract and site expense 6,500.08 9,580.79 8,614.84 16,080.87 19,575.13 39,324.39 b Employee benefits expense 164.93 143.58 183.22 308.51 387.27 699.20 C Finance costs 1,530.39 i ,572.0 I 1,299.77 3,102 40 2,670.96 5,77423 d Other expenses 569.78 541.35 401.35 I, 111.13 851.04 2,125.47 Total Expenses ((4a) to (4d)) 8,765.18 11,837.73 10,499.18 20,602.91 23,484.40 47,923.29 5 Profit before exceptional item and tax(3)- (4) 2,955.86 1,864.04 2,002.36 4,819.90 3,617.28 10,181.13 6 Exceptional items - Gain (net) (refer note 7()) - - - 47,949.12 7 Profit before tax (5) +(6) 2,955.86 1,864.04 2,002.36 4,819.90 3,617.28 58,130.25 8 Tax expenses Current tax (60 20) 81.20 140.00 21 00 194.90 295.01 Deferred tax 1,132.33 385.12 263.46 1,517.45 405.07 1,694.66 Total tax expenses 1,072.13 466.32 403.46 1,538.45 599.97 1,989.67 9 Net Profit after tax (7)- (8) 1,883.73 1,397.72 1,598.90 3,281.45 3,017.31 56,140.58 JO Other comprehensive income/ (loss) : A. Items that will not be reclassified to statement of profit and loss in subsequent period / year Mark to market gain I (loss) on fair value measurement of 134.42 1,074 45 (253.08) 1,208.87 (389. 36) (1,385.01) investments (net of tax) Re-measurement gain / (loss) on defined benefit plans 0.30 032 (3.17) 0.62 (6 35) I25 (net of tax) B. Items that will be reclassified to statement of profit and loss in subsequent period/ year Effective portion of gain/(loss) on cash flow hedge (net of tax) 831.32 477.60 971.37 1,308.92 1,125.80 (205.63) Other comprehensive income / (loss) for the period / year, 966.04 1,552.37 715.12 2,518.41 730.09 (1,589.39) net of tax (A+B) II Total comprehensive income for the period/ year (9) + (10) 2,849.77 2,950.09 2,314.02 5,799.86 3,747.40 54,551.19 12 Paid-up equity share capital (face value-Re.I per share) 6,039.00 6,039.00 6,039.00 6,039.00 6,039.00 6,039.00 13 Other equity 140,939.22 14 Earnings per share (of Re. I each) basic and diluted -(Rs.) 0.31 0.23 0.27 0.54* 0.50* 9.30 (not annualised) See accompanying notes to the unaudited standalone financial results Part I: Statement of Unaudited Standalone Financial Results for the Quarter and Six months ended September 30, 2025 (Rs. in million except earnings per share data) Corporate Office : 3rd Floor, IRB Complex, Chandivali Farm, Chandivali Village, Andheri (E), Mumbai - 400 072. Tel: 91-22- 6640 4220 / 4880 4200 • Fax: 91 - 22 - 2857 3441 e-mail: info@irb.co.in ■ www.irb.co.in CIN: L65910MH1998PLC115967 Registered Office: 1101, Hiranandani Knowledge Park, 11 Floor, Technolgy Street, Hill Side Avenue, Opp. Hiranandani Hospital, Powai, Mumbai - 400 076 Tel: 91-22-6733 6400 / 4053 6400 Fax: 91-22-4053 6699 e-mail: info@irb.co.in www.irb.co.in
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I31 @ HIGHWAY TO GROWTH cb 0 UKAS MANAGEMENT SYSTEMS 0026 ISO 9001, ISO 14001, ISO 45001, ISO 27001 Certifcate Number 23725 Part II: Unaudited Standalone Statement of Assets and Liabilities as at September 30, 2025 (Rs in million) Particulars As at As at 30.09.2025 31.03.2025 (Unaudited) (Audited) ASSETS Non-current assets Financial assets i) Investments a. Investment in subsidiaries and joint-ventures 215,602.08 199,346.38 b. other investments 5,832.43 4,641.98 ii) Trade receivables 4,180.08 4,180.08 iii) Loans 11,824.74 11,824.74 iv) Other financial assets 42,872.30 39,048.82 Total non-current assets (A) 280,311.63 259,042.00 Current assets Financial assets i) Investments 4,805.28 ii) Trade receivables 3,509.50 2,784.93 iii) Cash and cash equivalents 273 11 17,625.37 iv) Bank balances other than (iii) above 13,389.52 13,807.99 v) Loans 1,560.80 1,088.21 vi) Other financial assets 5,995.90 1,378.14 Current tax assets (net) 772.04 535.44 Other current assets 5,311.65 7,370.54 Total current assets (B) 35,617.80 44,590.62 TOTAL ASSETS (C=A+B) 315,929.43 303,632.62 EQUITY AND LIABILITIES Equity Equity share capital 6,039.00 6,039.00 Other equity 146,316.36 140,939.22 Total equity (A) 152,355.36 146,978.22 Non-current liabilities Financial liabilities i) Borrowings 69,341.62 67,933.58 Provisions 15.31 21.06 Deferred tax liabilities (net) 21,054.25 19,096.35 Total Non-current liabilities (B) 90,411.18 87,050.99 Current liabilities Financial liabilities i) Borrowings 49,070.30 40,209.28 ii) Trade payables - a. total outstanding dues of micro enterprises and small enterprises 0.18 0.71 b. total outstanding dues of creditors other than micro enterprises and small enterprises 15,596.37 20,938.62 iii) Other financial liabilities 7,953.03 7,598.34 Provisions 45 62 23.81 Other current liabilities 497.39 832.65 Total Current liabilities (C) 73,162.89 69,603.41 Total Liabilities (D=B+C) 163,574.07 156,654.40 TOTAL EQUITY AND LIABILITIES (A+D) 315,929.43 303,632.62
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1, @ HIGHWAY TO GROWTH cb @ UKAS MANAGEMENT SY51EMS 0026 ISO 9001, ISO 14001, ISO 45001, ISO 27001 Certifcate Number 23725 Part -- IIE: Unaudited Standalone Statement of Cash flows for the six months ended September 30, 2025 Six months ended 30.09.2025 (Unaudited) (Rs. in million) Six months ended 30.09.2024 (Unaudited) Cash flow from operating activities Profit before tax Adjustments to reconcile before tax to net cash flows: Net (gain) on sale of current investments Net (gain)/loss on current investments at fair value through profit or loss Cost of cash flow hedge Gain on lnvlTs & Related Assets as per fair value measurement Gain on fair value measurement of other receivables Finance costs Interest income Dividend income from long term investment in subsidiaries/others Dividend income on current investments Operating profit before changes in working capital Changes in working capital Decrease /(Increase) in loans (Increase) /Decrease in trade receivables (Increase)/Decrease in other financial assets Decrease /(Increase) in other assets (Decrease) in trade payables Increase in other financial liabilities Increase in provisions (Decrease) in other liabilities Cash (used in)/generated from operations Taxes aid (net) 4,819.90 (39.23) (5 64) 98.24 (4,340.41) 3,102.40 (1,368.11) (422.73) (0 04) 1,844.38 2.74 (724.57) (295.66) 2,058.89 (5,342.78) 354.21 16.89 (335.26) (2,421.16) (257.57) 3,617.28 (15.74) 7.61 614.93 (1,227.70) 2,670.96 (2,121.82) (1,262.50) 2,283.02 (29.83) 1,490.65 38.59 (731.81) (149.68) 598.40 5.01 (194.93) 3,309.42 (374.27) Net cash flows (used in)/generated from operating activities (A) (2,678.73) 2,935.15 Cash flows from investing activities Investment in subsidiaries Investment in joint venture Proceeds from sale of non-current investments lnvestment in current investments Proceeds from sale of current investments Investment in bank deposits (having original maturity of more than three months) Proceeds from maturity of bank deposits (having original maturity of more than three months) Loan given to joint ventures Loan repaid by joint ventures Loan given to subsidiaries Repayments received for loans given to subsidiaries Interest received Dividend received from subsidiaries Dividend received on other investments (8,528.64) (3,394.76) 341.48 (10,999.44) 1,750.17 (3,785.19) 4,204.14 (541.65) 613.61 (589.91) 42.62 1,534.76 422.73 0.04 (80 85) (651.40) 260.67 2,420.51 (3,243.25) 3,079.21 (2,201.65) 2.,305.23 (512.79) 196.57 1,536.31 1,262.50 Net cash flows (used in)/generated from investing activities Cash flows from financing activities Repayment of long-term borrowings Repayment of non-convertible debentures Proceeds/(Repayment) of current borrowings (net) Loan taken from subsidiaries Loan repayment to subsidiaries Finance cost paid Dividend aid one uit shares Net cash flows generated from/(used in) financing activities Net (decrease) in cash and cash equivalents (A+B+C) Cash and cash eeuivalents at the beginning of the period Cash and cash et uivalents at the end of the period Components of Cash and Cash Equivalents Balances with Banks - On current accounts - On deposit accounts Cash on hand Total Cash and cash es uivalents (B) (C) (18,930.04) (1,134.61) (220.00) 3,099.67 11,660.41 (5,590.55) (3,135.68) (422.73) 4,256.51 (17,352.26) 17,625.37 273.11 233.04 31.88 8.19 273.11 4,371.06 (609.03) (41000) (1,496.86) 3,019.50 (3,560.70) (3,266.98) (1,207.80) (7.531.87) (225.66) 1,025.11 799.45 788.44 2.78
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RE @ HIGHWAY TO GROWTH cb @ UKAS MANAGEMENT SYSTEMS 0026 ISO 9001, ISO 14001, ISO 45001, ISO 27001 Certifcate Number 23725 Note: 1 The Company is engaged in the business of road infrastructure development and investments in lnvlTs & Related Assets. The Company secures contracts by submitting bids in response to tenders, in terms of which it is required to form Special Purpose Vehicle ("SPV") companies ("subsidiary companies") to execute the awarded projects. In so conducting its business, its revenues include income from road infrastructure projects, income from Investments in lnvlTs & Related Assets and other income. 2 As permitted by paragraph 4 of Indian Accounting Standard (Ind AS) 108 "Operating Segments", notified under Section 133 of the Companies Act, 2013, read together with the relevant rules issued thereunder, if a single financial report contains both consolidated financial statements and the separate financial statements of the parent, segment information need to be presented only on the basis of the consolidated financial statements. Thus, disclosure required by Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 on segment wise revenue results and capital employed are given in consolidated financial results. 3 In accordance with Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, the Statutory Auditor of the Company have carried out limited review of the above unaudited results. 4 The unaudited results for the quarter ended and period ended September 30, 2025 have been reviewed by the Audit Committee at their meeting held on November 12, 2025 and thereafter approved by the Board of Directors at their meeting held on November 12, 2025. The statutory auditor has expressed an unqualified review conclusion. 5 The results of the Company are available for investors at www.irb.co.in, www.nseindia.com and www.bseindia.com. 6 The above published unaudited standalone financial results have been prepared in accordance with the recognition and measurement principles of Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015. 7 With regulatory changes relating to operations of Infrastructure Investment Trust, coupled with changes in business environment and emerging business opportunities, the Company aligned its business model with respect to its investments in IRB Infrastructure Trust, IRB lnvlT Fund and related assets ("InlTs & Related Assets"). i) Consequently, during the quarter ended December 31, 2024, the Company assessed its eligible investments, including interest in joint ventures meeting the required conditions under Ind AS 28, "Investment in Joint ventures and Associates" read with Ind AS 27 "Separate Financial Statements", for measurement at fair value through profit and loss account ("FVTPL"). Accordingly, on initial recognition, fair value gain of Rs. 47,949.12 million (net of deferred tax of Rs. 16,126.57 million) has been recognised and presented as 'Exceptional items'. ii) Subsequent gain on measurement of these investments at fair value has been recognised and presented as "Gain on lnvlTs & Related Assets as per fair value measurement" under revenue from operations in the Statement of unaudited Standalone Financial Results. iii) "Dividend/ Interest income from lnvlTs & Related Assets" have been presented separately under revenue from operations from the date of initial recognition on account of the above change. 8 The Company has fully redeemed its Secured, Redeemable, Listed, Rated, Non-Convertible Debentures on June 28, 2025. Accordingly, there was no outstanding as of September 30, 2025. 9 The Board of Directors at its meeting held on November 12, 2025 has declared interim dividend of Re.0.07 per equity share of face value of Re.1/- each. For IRB Infrastructure Developers Limited Virendra D. Mhaiskar Chairman and Managing Director Place: Mumbai Date: November 12, 2025
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Press Release 1 IRB Infra reports Y-O-Y rise of 41% in Q2FY26 Net Profit; declares 2nd Interim Dividend 7% for FY26 Mumbai, November 12, 2025: IRB Infrastructure Developers Limited, India’s leading and the largest Multi-national Transport Infrastructure Developer in the Roads and Highways Sector, has reported Y- O-Y growth of 41% in Net Profits for the quarter under review from Rs.100Crs in Q2FY25 to Rs.141Crs in Q2FY26. Company’s total Income has gone up Y-O-Y by 3% from Rs.1,752 Crs in Q2FY25 to Rs. 1,800 Crs in Q2FY26. The Company has also declared an Interim Dividend of 7% in a Board Meeting held today to announce the Financial Results for Q2FY26. While commenting on the occasion, Mr. Virendra D. Mhaiskar, Chairman & Managing Director of the Company said, “The first half of the year, particularly Q2, continued to demonstrate strong momentum in toll revenue growth, despite a severe and extended monsoon period. We have also successfully completed the sale of three assets, in line with our B.E.S.T. (Bid, Execute, Stabilize, Transfer ) strategy of efficient asset churn and sustainable growth without any dilution. This has enabled us to unlock approximatel y ₹5,000 crore of equity in the Private InvIT, positioning us to pursue further opportunities of around ₹15,000 crore in the sector. These developments keep us firmly on track to achieve an asset base of ₹1.4 trillion over the next three years.” He added, “This robust performance strengthens our confidence that growth will further accelerate in the coming quarters, supported by the ongoing pace of consolidation”. Financial Performance: Particulars Q2FY26 (In Rs Cr) Q2FY25 (In Rs Cr) % Change Total Income 1,800 1,752 3% EBITDA 974 933 4% Profit Before Tax 261 267 -2% Profit After Tax 141 100 41% Business Updates: 1. Company sponsored two InvITs successfully closed the deal of assets switchover from IRB Infrastructure Trust (Private InvIT) to IRB InvIT Fund (Public InvIT); thus, unlocking the equity value of approx. Rs.5,000Crs, allowing Company to explore opportunities of around Rs.15,000Crs and keeping the Company on growth track to achieve Rs.1.4Tn asset base in next three years. 2. During the quarter under review, the Toll Revenue registered Y-O-Y growth of around 11%, i.e., Rs.1,667Crs in Q2FY6 as against Rs.1,503Crs in Q2FY25.
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Press Release 2 3. IRB Infrastructure Trust, the p rivate InvIT JV of Company, received COD for Palsit Dankuni BOT allowing SPV to collect Toll fees at revised rate with 47% increase. 4. Company received the Provisional COD for its 8 Lane Gandeva Ena Expressway project , which is being implemented under the Hybrid Annuity Model, in the State of Gujarat, which parts Delhi Mumbai Greenfield Expressway; thus, enabling the Project SPV to receive the Bi- annual Annuity payment from NHAI for the Concession period of 15 years. About IRB Infrastructure Developers Ltd: IRB Infrastructure Developers Ltd (IRB) is India’s first Integrated Multi -National Transport Infrastructure Developer in Roads & Highways segment. The Company has acquired ISO Certification in Quality (ISO 9001); Environment Management (ISO 14001), Occupational Health and Safety (ISO 45001) and IT Security (ISO 27001) from the ISOQAR, United Kingdom. As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of Rs.80,000Crs in 12 States across the parent company and two InvITs. The Company has strong track record of constructing, tolling, operating, and maintaining around 19,000 lane Kms pan India in its existence of more than 25 years in India; of which 15,500 Lane Kms are under operations at present . The group commands market share of 33% in the TOTs awarded, the largest by any private player in the sector . It also comprises 12% share in India’s North South highway connectivity. After successfully completing 13 Concessions and handing over them to the nodal agencies, at present, IRB Group’s project portfolio (including Private and Public InvIT) has now 26 road projects that include 18 BOT, 4 TOT, and 4 HAM projects. For further details, please contact: • Parikshit Sharma, Concept PR, 88989 39833, parikshit.s@conceptpr.com • Vivek Devasthali, Head, Corporate Communications, 99300 80099, vivek.devasthali@irb.co.in Disclaimer: Except for the historical information contained herein, statements in this communication and any subsequent discussions, which include words or phrases such as ‘will’, ‘aim’, ‘will likely result’, ‘would’, ‘believe’, ‘may’, ‘expect’, ‘will continue’, ‘ anticipate’, estimate’, ‘intend’, ‘plan’, ‘contemplate’, ‘seek to’, ‘future’, ‘objective’, ‘goal’, ‘likely’, ‘project’, ‘on -course’, ‘should’, ‘potential’, ‘pipeline’, ‘guidance’, ‘will pursue’ ‘trend line’ and similar expressions or variations of such express ions may constitute ‘forward- looking statements’. The forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include but are not limited to the IRB Infrastructure Developers Limited and/ or its Associates’ ability to successfully implement its strategy, its growth and expansion plans, obtain regulatory approvals, provisioning policie s, technological changes, investment and business income, cash flow projections, exposure to market risks as well as other risks . In addition, the consummation of the transactions described herein is subject to various conditions precedent. IRB Infrastructure Developers Limited does not undertake any obligation to update forward -looking statements to reflect events or circumstances after the date thereof.
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Press Release 3 These materials are not a prospectus, a statement in lieu of a prospectus, an offering circular, an invitation or an advertis ement or an offer document under the Indian Companies Act, 2013 together with the rules and regulations made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, or any other applicable law in India.