IRB Infrastructure Developers Limited is an infrastructure development company. It engages in constructing roadways and highways. It was founded in 1998 and is headquartered in Mumbai. Earlier known as IRB Infrastructure Developers Private Limited, the company is a part of the IRB Group.
The market capitalisation of IRB Infrastructure Developers Limited is over ₹27,700 crore as of January 9, 2023. IRB Infra share price has gained over 300% in the last three years.
Business operations
IRB Infra is one of India's largest integrated multinationals in transport infrastructure development for roads and highways. It is at the forefront of the build-operate-transfer (BOT) domain. The company has witnessed many firsts in its journey. These include the first-ever BOT project, overseeing the operations and maintenance of the first expressway project, introducing and listing the first Infrastructure Investment Trust (InvIT) becoming the first Indian company to access offshore bond markets and achieving numerous other groundbreaking feats.
IRB Infrastructure has a significant presence in its sector with 26 highway projects in 12 states. It manages an extensive network of 15,500-lane kilometres in India. Holding a 38% share in India's TOT (toll-operate-transfer) space and a 20% stake in the Golden Quadrilateral Project, the company oversees 64 toll plazas equipped with 736 FASTag-compliant lanes. IRB caters to approximately 1.3 million vehicles daily.
Over the past 25 years, IRB Infra has effectively overseen more than 17,200 lane kilometres of highways. This includes the construction, operation, maintenance, tolling and handover to nodal agencies. Out of these 17,200 lane kilometres, 13,739 are actively managed, operated and tolled, while the remaining 3,461 lane kilometres have been successfully handed back to the nodal agencies. Within the actively managed lane kilometres, 7,156 are operational, with an additional 1,706 undergoing development in the Private InvIT Assets portfolio.
IRB Infra’s key partners include prominent entities like GIC, a sovereign wealth fund based in Singapore, and Cintra, a leading global private developer specialising in transport infrastructure. Cintra operates as a wholly-owned subsidiary of the Ferrovial Group, a firm from Spain with extensive expertise in infrastructure development worldwide.
Its key clients include government bodies such as the Ministry of Road Transport and Highways and the National Highways Authority of India. IRB Infra also collaborates with state-level entities like the Uttar Pradesh Expressways Industrial Development Authority and the Maharashtra State Road Development Corporation. The company also serves the Hyderabad Metropolitan Development Authority of Telangana and partners with government organisations like the Ministry of Civil Aviation and the Maharashtra Industrial Development Corporation in their ventures.
IRB Infrastructure Developers Financial Highlights
- Revenue: IRB Infrastructure Developers reported revenue of ₹7,853.98 crore in FY26 vs ₹8,031.55 crore in FY25. It showed a decrease of 2.21% on a yearly basis.
- Operating Profit: IRB Infrastructure Developers reported an operating profit of ₹1,247.82 crore in FY26 vs ₹6,861.39 crore in FY25. It showed a decrease of 81.81% on a year-on-year basis.
- Net Profit: IRB Infrastructure Developers reported a net profit of ₹850.36 crore in FY26 vs ₹6,480.68 crore in FY25. It showed a decrease of 86.88% on a yearly basis.
IRB Infrastructure Developers Quarterly Result Highlights
- IRB Infrastructure Developers reported revenue of ₹1,976.89 crore in Mar 2026, compared with ₹1,912.22 crore in Dec 2025, representing an increase of 3.38% on a quarter-on-quarter (QoQ) basis.
- IRB Infrastructure Developers reported an operating profit of ₹405.61 crore in Mar 2026, compared with ₹295.01 crore in Dec 2025, representing an increase of 37.49% on a quarter-on-quarter (QoQ) basis.
- IRB Infrastructure Developers reported a profit of ₹296.26 crore in Mar 2026, compared with ₹210.79 crore in Dec 2025, reflecting an increase of 40.55% on a QoQ basis.
- The earnings per share (EPS) of IRB Infrastructure Developers stood at ₹10.73 during Mar 2026.
