Revenue increased 1.8% to ₹2,137.3 crore during the quarter from ₹2,098.9 crore a year earlier. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 21.1% to ₹1,152.4 crore from ₹951.9 crore, while EBITDA margin stood at 53.9%, compared with 55.4% in the corresponding quarter last year.
Profit before tax (PBT) climbed to ₹416.6 crore from ₹286.4 crore a year ago, while total income rose marginally to ₹2,172.7 crore from ₹2,164.6 crore. Finance costs declined to ₹438 crore from ₹462 crore in the year-ago period.
The company’s toll revenue increased 14% year-on-year to ₹733 crore from ₹646 crore, supported by the commissioning of the Ganga Expressway (Meerut–Budaun Group 1 BOT) and the commencement of tolling on TOT-18 (Chandikhole–Bhadrak NH-16) from April 1, 2026.
Chairman and Managing Director Virendra D. Mhaiskar said the company is navigating global economic challenges on the back of its ₹94,000 crore asset portfolio and growing toll revenues, adding that its B.E.S.T. strategy remains on track.
He said the company is targeting an asset base of ₹1.4 lakh crore by 2030, supported by India’s infrastructure push and public-private partnership opportunities.
During the quarter, IRB Infrastructure Trust, the company’s private InvIT joint venture, also offered two highway BOT assets worth ₹4,605 crore to the company’s public InvIT, IRB InvIT Fund.
The board declared an interim dividend of ₹0.05 per equity share for FY27. The record date for the dividend is August 5, while the payment will be made on or before August 28.
Shares of the company jumped more than 2% following the results announcement, but have since given up some gains and were trading 1.25% up at ₹20.23 as of 1.40 pm. The stock has declined by over 4% so far in 2026 and by more than 12% over the last 12 months.
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