# IRB Infrastructure Developers (IRB) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/irb

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹17.04
- Change: -0.81%
- As of: 2026-11-06
- 1D return: -0.81%
- 5D return: +8.33%
- 1M return: -2.80%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

IRB (₹17.04) presents a conflicting technical picture as of 2026-11-06, defined by a divergence between monthly structure and shorter-term price action. The monthly trend remains bullish with an established ADX of 31.63 and price above the Supertrend, yet the stock trades below all supplied moving averages on daily and weekly charts, where the Supertrend is bearish. Daily momentum is developing but weak (ADX 20.76), with price holding above the 20-period EMA/SMA while remaining below the 50-period and 200-period SMAs.

Participation spiked recently; on 2026-11-05, volume was 3.13 times the average alongside a +2.3% move, though this was followed by a high-severity downward gap on 2026-11-06 (-0.8%). The stock sits in the lower-middle of its 50-day range (+27.6%) and near the bottom of its 252-day range (+16.4%), reflecting a significant current drawdown of -43.5%. Immediate resistance lies at ₹17.22 (pivot, +1.06%) and ₹17.44 (high, +2.35%), while support clusters tightly around ₹16.96 (-0.47%) and ₹16.75 (-1.70%).

The active monthly 'Inside Bar' pattern suggests consolidation within the broader monthly uptrend, contrasting with recent daily indecision (Doji) and reversal attempts. A break above ₹17.22 with sustained volume would be required to confirm a shift toward the monthly bullish bias; failure to hold above ₹16.96 risks testing deeper support near ₹16.74.

- Trend Divergence: Monthly trend is bullish (Supertrend up, ADX 31.63), but daily/weekly trends are bearish (price below 50/200 SMA, Supertrend down).
- Mixed Signals: Recent high-volume surge (+2.3%, vol ratio 3.13) on 2026-11-05 was offset by a high-severity downward gap on 2026-11-06 (-0.8%).
- Key Levels: Resistance at ₹17.22 (+1.06%) and ₹17.44 (+2.35%); Support at ₹16.96 (-0.47%) and ₹16.75 (-1.70%).
- Risk Profile: Current drawdown is -43.5% from available highs; annualized volatility is +30.3%.

- Inside Bar
- Doji
- Bullish Engulfing Reversal
- Outside Bar
- Harami
- Bearish Engulfing Reversal

### News Context

IRB Infrastructure Developers reported unaudited consolidated results for Q2 and H1 FY27 (ended September 30, 2026), declaring a second interim dividend of Re. 0.05 per share with a record date of November 12, 2026. The company posted Q2 net profit of ₹260 crore against ₹141 crore in the prior year, representing approximately 85% growth, while total income rose to ₹1,945 crore from ₹1,800 crore and EBITDA increased to ₹1,102 crore from ₹974 crore. Concurrently, its Private InvIT joint venture completed the transfer of two BOT highway assets to the IRB InvIT Fund, unlocking equity of ₹2,744 crore. Despite these operational developments, the stock has faced significant headwinds, trading at ₹17.04 on November 6, 2026, with a market capitalization of approximately ₹20,750 crore. Technical indicators show a bearish daily trend with the price below key moving averages, reflecting a year-to-date decline of 19.2% and a one-year return of -24.0%. The stock is currently testing support near ₹16.96.

- Q2FY27 Net Profit: ₹260 crore vs ₹141 crore in Q2FY26 (+85% YoY); Total Income ₹1,945 crore; EBITDA ₹1,102 crore.
- Dividend Declaration: Second interim dividend of Re. 0.05 per share declared; Record Date November 12, 2026; Payment due by December 4, 2026.
- Asset Transfer: IRB Infrastructure Trust transferred two BOT highway assets to IRB InvIT Fund, unlocking ₹2,744 crore in equity.
- Market Performance: Stock closed at ₹17.04 on November 6, 2026; YTD return -19.2%; 1-year return -24.0%; Daily technical trend bearish.

- IRB Infrastructure Developers Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- IRB Infrastructure Developers Limited has submitted to the Exchange, the financial results for the quarter and six months ended September 30, 2026. |SUBJECT: Outcome of Board Meeting
- IRB Infrastructure Developers Limited has informed the Exchange that Board of Directors at its meeting held on November 05, 2026, declared Interim Dividend of Rs. 0.05 per equity share. |SUBJECT: Dividend
- IRB Infrastructure Developers Limited has informed the Exchange that Record date for the purpose of 2nd Interim Dividend is 12-Nov-2026. |SUBJECT: Record Date
- Integrated Filing- Financials|Original|

### What Changed

On November 6, 2026, IRB Infrastructure Developers Limited filed a notice with the NSE and BSE to make available the audio recording of its earnings call held on the same date. The filing, submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provides investors access to the full discussion regarding Q2 and H1 FY27 performance via the company's website.

Market data recorded on this date shows the stock trading at ₹17.04, reflecting a minor decline from the previous close of ₹17.19. This update marks the primary recent development for the company, providing transparency into management's commentary on recent financial results.

- Earnings Call Recording: IRB filed an announcement on November 6, 2026, making the audio recording of its Q2/H1 FY27 earnings call available to the public.
- Price Movement: The stock closed at ₹17.04 on November 6, 2026, down from ₹17.19 in the previous session.
- Regulatory Compliance: The filing adheres to SEBI Listing Regulations, ensuring investor access to management insights on recent half-yearly performance.

- [IRB Infrastructure Developers Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/IRB_06112026145950_Audio_recording_of_earnings_call.pdf)

### Official Filings

IRB Infrastructure Developers Limited reported unaudited financial results for Q2 and H1 FY2026-27, showing a significant expansion in profitability. Consolidated net profit rose to ₹260 crore from ₹141 crore in the prior-year quarter, representing an 85% year-on-year increase. Total income grew to ₹1,945 crore from ₹1,800 crore, while EBITDA expanded to ₹1,102 crore from ₹974 crore. The Board approved a second interim dividend of Re. 0.05 per equity share, with a record date of November 12, 2026, and payment due by December 4, 2026. Additionally, the company’s Private InvIT joint venture completed the transfer of two BOT highway assets to IRB InvIT Fund, unlocking ₹2,744 crore in equity. Auditors issued unmodified conclusions on the limited review of these results.

- Q2FY27 net profit increased 85% year-on-year to ₹260 crore, up from ₹141 crore in Q2FY26.
- Total income reached ₹1,945 crore (vs ₹1,800 crore) and EBITDA grew to ₹1,102 crore (vs ₹974 crore).
- Board declared a second interim dividend of Re. 0.05 per share; record date is November 12, 2026.
- Transfer of two BOT highway assets to IRB InvIT Fund unlocked ₹2,744 crore in equity.

- [IRB Infrastructure Developers Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/IRB_06112026145950_Audio_recording_of_earnings_call.pdf)
- [IRB Infrastructure Developers Limited has submitted to the Exchange, the financial results for the quarter and six months ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/IRB_05112026133344_IRBIDL_Outcome_of_Board_Meeting.pdf)
- [IRB Infrastructure Developers Limited has informed the Exchange that Board of Directors at its meeting held on November 05, 2026, declared Interim Dividend of Rs. 0.05 per equity share. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/IRB_05112026134452_IRBIDL_Outcome_of_Board_Meeting.pdf)
- [IRB Infrastructure Developers Limited has informed the Exchange that Record date for the purpose of 2nd Interim Dividend is 12-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/IRB_05112026135102_IRBIDL_Outcome_of_Board_Meeting.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753433_05112026020528_WEB.xml)
- [IRB Infrastructure Developers Limited has informed the Exchange regarding Outcome of Board Meeting held on 05-Nov-2026 for Dividend |SUBJECT: Outcome of Board Meeting-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_2724_WebXMLFile_20261105_140406622.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753432_05112026020416_WEB.xml)
- [IRB Infrastructure Developers Limited has informed the Exchange regarding 'corporate presentation for the quarter ended September 30, 2026'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/IRB_05112026151048_IRBIDL_Corporate_presentation.pdf)
- [IRB INFRASTRUCTURE TRUST has informed regarding Valuation report as on September 30, 2026 |SUBJECT: Disclosure of Valuation report](https://nsearchives.nseindia.com/corporate/IRBIT_03112026211437_ValReport_-_Sept_2026_-_IRB_Infrastructure_Trust-sd.pdf)
- [Financial Results/Dividend |Meeting Date: 05-Nov-2026](https://nsearchives.nseindia.com/corporate/IRB_02112026165033_Prior_Intimation_BM_IRBIDL.pdf)

### Fundamentals

IRB Infrastructure Developers shows a divergence between top-line stability and bottom-line compression in the latest reported periods. For Q2 FY2026-27, revenue from operations decreased sequentially to ₹1,897 crore from ₹2,137 crore in Q1, while expenses also fell to ₹1,559 crore. Despite this, Profit Before Tax dropped to ₹385 crore (from ₹417 crore), and Net Profit declined to ₹260 crore (from ₹306 crore), resulting in a sequential drop in EPS from ₹0.25 to ₹0.22.

Historically, the company has maintained modest sales growth (6% CAGR over 3 years) but faces margin pressure, evidenced by a declining Cash Conversion Cycle ratio moving from positive to negative territory in recent annual periods. The balance sheet reflects a deleveraging trend; borrowings have decreased from ₹18,653 crore in Mar 2024 to ₹20,027 crore in Mar 2026 (consolidated), with non-current borrowings specifically falling to ₹17,798 crore as of Sep 2026. Equity has grown to ₹21,286 crore, improving the capital base, though cash reserves tightened significantly to ₹174 crore.

Ownership structure remains stable with promoters holding ~31.18% and FIIs at ~43.63%. The key tension lies in sustaining profitability amidst lower sequential revenues and rising interest costs (TTM interest at ₹1,731 crore). Investors should monitor whether expense discipline can offset revenue volatility in subsequent quarters.

- Q2 FY2026-27 Net Profit fell to ₹260 crore (EPS ₹0.22) despite sequential expense cuts, indicating margin compression on lower revenues of ₹1,897 crore.
- Consolidated borrowings show a long-term reduction trend, falling from ₹18,653 crore (Mar 2024) to ₹20,027 crore (Mar 2026), with non-current debt at ₹17,798 crore (Sep 2026).
- Cash reserves tightened sharply to ₹174 crore as of Sep 2026, down from ₹389 crore a year prior, while equity strengthened to ₹21,286 crore.
- Promoter stake increased slightly to 31.18% in Sep 2026, while FII holdings remained high at 43.63%, suggesting continued institutional reliance.

### Bear Case

IRB Infrastructure Developers faces significant near-term technical weakness and prolonged capital erosion. As of November 6, 2026, the stock trades at ₹17.04, reflecting a severe year-to-date decline of -19.2% and a one-year return of -24.0%. The daily trend is bearish, with the Supertrend indicator signaling downside pressure and moving averages (20-day and 50-day) sloping negatively. While the monthly timeframe remains bullish, the weekly chart also confirms a bearish stance, suggesting intermediate-term selling pressure. The stock has experienced a maximum drawdown of -47.8%, with current drawdowns at -43.5%, indicating substantial volatility and investor losses over time. Resistance levels are closely packed just above the current price, starting at ₹17.22 (1.06% away), which may limit immediate upside recovery.

- Price action shows strong bearish momentum on daily and weekly timeframes, with the stock down -24.0% over the past year and -19.2% year-to-date as of Nov 6, 2026.
- Technical indicators highlight resistance immediately above current levels, with the nearest pivot resistance at ₹17.22 (1.06% above the ₹17.04 close).
- The stock has suffered a maximum historical drawdown of -47.8% and currently sits in a -43.5% drawdown, reflecting high volatility and sustained capital erosion.

- [IRB Infrastructure Developers Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/IRB_06112026145950_Audio_recording_of_earnings_call.pdf)
- [IRB Infrastructure Developers Limited has submitted to the Exchange, the financial results for the quarter and six months ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/IRB_05112026133344_IRBIDL_Outcome_of_Board_Meeting.pdf)
- [IRB Infrastructure Developers Limited has informed the Exchange that Board of Directors at its meeting held on November 05, 2026, declared Interim Dividend of Rs. 0.05 per equity share. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/IRB_05112026134452_IRBIDL_Outcome_of_Board_Meeting.pdf)
- [IRB Infrastructure Developers Limited has informed the Exchange that Record date for the purpose of 2nd Interim Dividend is 12-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/IRB_05112026135102_IRBIDL_Outcome_of_Board_Meeting.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753433_05112026020528_WEB.xml)
- [IRB Infrastructure Developers Limited has informed the Exchange regarding Outcome of Board Meeting held on 05-Nov-2026 for Dividend |SUBJECT: Outcome of Board Meeting-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_2724_WebXMLFile_20261105_140406622.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753432_05112026020416_WEB.xml)
- [IRB Infrastructure Developers Limited has informed the Exchange regarding 'corporate presentation for the quarter ended September 30, 2026'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/IRB_05112026151048_IRBIDL_Corporate_presentation.pdf)
- [IRB INFRASTRUCTURE TRUST has informed regarding Valuation report as on September 30, 2026 |SUBJECT: Disclosure of Valuation report](https://nsearchives.nseindia.com/corporate/IRBIT_03112026211437_ValReport_-_Sept_2026_-_IRB_Infrastructure_Trust-sd.pdf)
- [Financial Results/Dividend |Meeting Date: 05-Nov-2026](https://nsearchives.nseindia.com/corporate/IRB_02112026165033_Prior_Intimation_BM_IRBIDL.pdf)

### FAQs

**What were IRB's key financial results for Q2 FY27, and how did they compare to the previous year?**

For the quarter ended September 30, 2026, IRB reported a net profit of ₹260 crore, an 85% increase from ₹141 crore in Q2 FY26. Total income rose to ₹1,945 crore from ₹1,800 crore, while EBITDA increased to ₹1,102 crore from ₹974 crore. The Board approved these unaudited consolidated results on November 5, 2026.

**Has IRB declared any dividends for FY27, and what are the key dates?**

Yes, the Board declared a second interim dividend of Re. 0.05 per equity share (face value Re. 1) for FY2026-27. The record date is November 12, 2026, with payment or dispatch due on or before December 4, 2026.

**What significant asset transaction has IRB completed recently?**

IRB Infrastructure Trust completed the transfer of two BOT highway assets to the company-sponsored public IRB InvIT Fund. This transaction unlocked equity of ₹2,744 crore for the trust structure.

**How has the stock performed technically over the past year, and what are the current price levels?**

As of November 6, 2026, the stock closed at ₹17.04, reflecting a -24.0% return over the last year and a -19.2% YTD decline. The daily trend is bearish with resistance near ₹17.22 and support at ₹16.96. Conversely, the monthly trend remains bullish despite a current drawdown of -43.5%.

- [IRB Infrastructure Developers Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/IRB_06112026145950_Audio_recording_of_earnings_call.pdf)
- [IRB Infrastructure Developers Limited has submitted to the Exchange, the financial results for the quarter and six months ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/IRB_05112026133344_IRBIDL_Outcome_of_Board_Meeting.pdf)
- [IRB Infrastructure Developers Limited has informed the Exchange that Board of Directors at its meeting held on November 05, 2026, declared Interim Dividend of Rs. 0.05 per equity share. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/IRB_05112026134452_IRBIDL_Outcome_of_Board_Meeting.pdf)
- [IRB Infrastructure Developers Limited has informed the Exchange that Record date for the purpose of 2nd Interim Dividend is 12-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/IRB_05112026135102_IRBIDL_Outcome_of_Board_Meeting.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753433_05112026020528_WEB.xml)
- [IRB Infrastructure Developers Limited has informed the Exchange regarding Outcome of Board Meeting held on 05-Nov-2026 for Dividend |SUBJECT: Outcome of Board Meeting-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_2724_WebXMLFile_20261105_140406622.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753432_05112026020416_WEB.xml)
- [IRB Infrastructure Developers Limited has informed the Exchange regarding 'corporate presentation for the quarter ended September 30, 2026'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/IRB_05112026151048_IRBIDL_Corporate_presentation.pdf)
- [IRB INFRASTRUCTURE TRUST has informed regarding Valuation report as on September 30, 2026 |SUBJECT: Disclosure of Valuation report](https://nsearchives.nseindia.com/corporate/IRBIT_03112026211437_ValReport_-_Sept_2026_-_IRB_Infrastructure_Trust-sd.pdf)
- [Financial Results/Dividend |Meeting Date: 05-Nov-2026](https://nsearchives.nseindia.com/corporate/IRB_02112026165033_Prior_Intimation_BM_IRBIDL.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹17.22
- Risk regime: Higher Price Risk

### Support levels
- 16.75
- 15.68
- 16.960000000000004

### Resistance levels
- 18.225
- 20.6
- 22.465

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.81% |
| return_10 | +4.93% |
| return_1m | -4.48% |
| return_1y | -24.05% |
| return_20 | -2.80% |
| return_3m | -14.50% |
| return_5 | +8.33% |
| return_6m | -21.94% |
| return_since_start | -42.76% |
| return_ytd | -19.17% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -47.84% |
| annualized_volatility | +30.25% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# IRB Infrastructure Developers Limited Q2 FY2026-27: Profit rises year on year

IRB Infrastructure Developers reported revenue from operations of ₹1,897 crore for the quarter ended 30 September 2026, down 11.2% sequentially but up 8.3% year on year. Profit for the period increased 84.9% year on year to ₹260 crore, despite a 15.0% sequential decline; earnings per share was ₹0.22, below ₹0.23 a year earlier. Operating cash flow was ₹1,333 crore, while cash and cash equivalents closed at ₹174 crore.

## Revenue and earnings

Total income was ₹1,945 crore, down 10.5% from ₹2,173 crore in Q1 FY2026-27 and up 8.0% from ₹1,800 crore in Q2 FY2025-26. Expenses declined 11.2% sequentially to ₹1,559 crore, but were 1.3% higher than a year earlier.

Profit before tax was ₹385 crore, compared with ₹417 crore in Q1 FY2026-27 and ₹261 crore in Q2 FY2025-26. Profit for the period was ₹260 crore, down from ₹306 crore sequentially and up from ₹141 crore a year earlier. Basic EPS was ₹0.22, versus ₹0.25 in Q1 FY2026-27 and ₹0.23 in Q2 FY2025-26.

## Finance costs and tax

Finance costs fell 11.5% sequentially to ₹388 crore from ₹438 crore in Q1 FY2026-27, and were 14.0% lower than the ₹451 crore recorded in Q2 FY2025-26. Tax expense increased 13.3% sequentially to ₹125 crore from ₹110 crore; current tax rose to ₹30 crore from ₹19 crore. The sequential decline in profit for the period was greater than the decline in profit before tax.

## Cash flow and balance sheet

Operating cash flow was ₹1,333 crore and investing cash flow was an outflow of ₹239 crore. Reported free cash flow was ₹1,094 crore, while financing cash flow was an outflow of ₹1,266 crore.

At 30 September 2026, cash and cash equivalents were ₹174 crore, down from ₹346 crore at 31 March 2026. Bank balances other than cash and cash equivalents were ₹1,562 crore. Noncurrent investments rose to ₹20,560 crore from ₹19,147 crore at 31 March 2026. Borrowings comprised ₹17,798 crore of noncurrent borrowings and ₹2,177 crore of current borrowings. Equity attributable to owners of the parent was ₹21,286 crore, up from ₹20,949 crore at 31 March 2026.

## Key Takeaway

IRB’s quarterly profit was substantially higher year on year, while revenue growth was more moderate and EPS was lower. Sequentially, revenue and profit declined; operating cash flow remained substantial, alongside a lower cash balance and higher noncurrent investments.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +30.81%
- FII holding: +7.07%
- DII holding: +10.14%
- Mutual fund holding: +4.72%
- Retail holding: +12.20%
- Promoter pledged: +0.00%

### Major reported shareholders

- IRB HOLDING PRIVATE LIMITED — +29.94% (Bodies Corporate)
- CINTRA INR INVESTMENTS B V — +19.86% (Other)
- BRICKLAYERS INVESTMENT PTE. LTD — +16.94% (Other)
- LICI ULIP-GROWTH FUND — +5.13%
- QUANT MUTUAL FUND - QUANT MID CAP FUND — +3.67%
- GOVERNMENT OF SINGAPORE — +1.75%
- VIRENDRA D MHAISKAR — +0.84%
- DEEPALI VIRENDRA MHAISKAR — +0.02%
- SUDHA DATTATRAY MHAISKAR — +0.01%

## Official filings

- 2026-11-06 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_06112026145950_Audio_recording_of_earnings_call.pdf)
- 2026-11-06 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_06112026162516_IRBIDL_Newspaper_Advertisement.pdf)
- 2026-11-05 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_05112026133344_IRBIDL_Outcome_of_Board_Meeting.pdf)
- 2026-11-05 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_05112026134452_IRBIDL_Outcome_of_Board_Meeting.pdf)
- 2026-11-05 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_05112026135102_IRBIDL_Outcome_of_Board_Meeting.pdf)
- 2026-11-05 — Financial Results Filing: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753433_05112026020528_WEB.xml)
- 2026-11-05 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_2724_WebXMLFile_20261105_140406622.xml)
- 2026-11-05 — Financial Results Filing: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753432_05112026020416_WEB.xml)
- 2026-11-05 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_05112026151048_IRBIDL_Corporate_presentation.pdf)
- 2026-11-03 — Generic Announcement: IRB INFRASTRUCTURE TRUST — [Official attachment](https://nsearchives.nseindia.com/corporate/IRBIT_03112026211437_ValReport_-_Sept_2026_-_IRB_Infrastructure_Trust-sd.pdf)
- 2026-11-02 — Board Meeting Notice: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_02112026165033_Prior_Intimation_BM_IRBIDL.pdf)
- 2026-11-02 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_02112026170000_Prior_Intimation_BM_IRBIDL.pdf)
- 2026-11-02 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_02112026171213_IRBIDL_Intimation_of_earnings_callsd.pdf)
- 2026-11-02 — Board Meeting Notice: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2724_WebXMLFile_20261102_173741206.xml)
- 2026-10-19 — Shareholding Disclosure: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741352_19102026022706_WEB.xml)
- 2026-10-08 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_08102026184950_IRBIDL_disclosure_Toll_Revenue_September2026.pdf)
- 2026-10-06 — Credit Rating Update: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_06102026125924_IRBIDL_CARE_Ratings_Intimationsd.pdf)
- 2026-10-05 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_05102026174218_Intimation_credit_rating_Fitch_IRBIDL.pdf)
- 2026-10-01 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_01102026151356_IRBIDL_credit_rating_Moody.pdf)
- 2026-09-30 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_30092026184940_IRBIDL_SE_Discl_Update_Zenithsd.pdf)
- 2026-09-29 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_29092026090259_SE_Discl_InvIT_QIP.pdf)
- 2026-09-29 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_29092026105601_SE_Discl_PIA_Execution_IRBIDLsd.pdf)
- 2026-09-28 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_28092026164633_IRBIDL_TradingwindowclosureIRBIDL28092026sd.pdf)
- 2026-09-28 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_2724_WebXMLFile_20260928_165211247.xml)
- 2026-09-22 — Generic Announcement: IRB Infrastructure Developers Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRB_22092026181113_IRBIDL_disclosure.pdf)

## News and market events

- 2026-10-18 — The Hindu: **Stock Market Guide, Technical Analysis of Stocks** — Portfolio Technical Analysis: Stay updated with the latest technical analysis & insights for all the stocks. Get expert opinions and strategies on stock market trends and trading signals on Business Line. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/)
- 2026-10-17 — The Hindu: **Tech Query: ICICI Prudential Asset Management Company (AMC), Latent View Analytics, Rashtriya Chemicals and Fertilizers, IRB Infrastructure Developers — What is the outlook? Where are these stocks headed?** — Market outlooks and actionable exits/entries for ICICI Prudential AMC, Latent View Analytics, Rashtriya Chemicals, and IRB Infrastructure, with expert guidance on holding, buying, or selling. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/tech-query-icici-prudential-asset-management-company-amc-latent-view-analytics-rashtriya-chemicals-and-fertilizers-irb-infrastructure-developers-what-is-the-outlook-where-are-these-stocks-headed/article71592817.ece)
- 2026-10-08 — CNBC-TV18: **IRB Infrastructure Developers toll revenue surges 24% to ₹773 crore in September** — IRB Infrastructure Developers Ltd's gross toll revenue rose around 24% year-on-year (YoY) to ₹773 crore in September 2026 from ₹622 crore a year ago. Toll revenue from its 100% subsidiaries grew 17% on a like-for-like basis. — [Source](https://www.cnbctv18.com/market/stocks/irb-infrastructure-developers-share-price-toll-revenue-surges-24-to-rs-773-crore-in-september-20007825.htm)
- 2026-09-23 — BUSINESS: **Nifty trade above 23,350 in early trade; breadth strong** — At 09:30 IST, the barometer index, the S&P BSE Sensex, jumped 149.59 points or 0.19% to 74,671.85. The Nifty 50 index rose 47.65 points or 0.20% to 23,376.65. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-trade-above-23-350-in-early-trade-breadth-strong-126092300209_1.html)
- 2026-09-23 — Mint: **IRB Infra shares look set to snap 7-day losing run as board approves monetising non-core assets | All details here** — IRB Infrastructure Developers share price opened at  ₹18.32 against its previous close of  ₹17.98 and rose by 3.5% to an intraday high of  ₹18.61. — [Source](https://www.livemint.com/market/stock-market-news/irb-infra-shares-look-set-to-snap-7-day-losing-run-as-board-approves-monetising-non-core-assets-all-details-here-11790135440938.html)
- 2026-09-23 — BUSINESS: **Stock Alert: 360 One Wam, IRB Infra, Arvind Smartspace, Aditya Infotech, Cupid** — Shares of Kaynes Technology, LIC Housing Finance, Manappuram Finance, SAIL are barred from F&O trading on 23 September 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/stock-alert-360-one-wam-irb-infra-arvind-smartspace-aditya-infotech-cupid-126092300159_1.html)
- 2026-09-23 — BUSINESSTODAY: **GIFT Nifty down 45 pts; Adani shares, Hero Motors, Persistent, IRB Infra, among top stocks in focus** — GIFT Nifty down 45 pts; Adani shares, Hero Motors, Persistent, IRB Infra, among top stocks in focus — [Source](https://www.businesstoday.in/markets/trending-stocks/story/gift-nifty-down-45-pts-adani-shares-hero-motors-persistent-irb-infra-among-top-stocks-in-focus-557167-2026-09-23)
- 2026-09-22 — CNBC-TV18: **IRB Infra gets board approval to monetise non-core assets** — IRB Infrastructure Developers approved monetizing non-core assets, including land parcels in Pune and Mumbai, to boost cash flow. The company aims to expand its asset base to ₹1,400 billion by FY2029. — [Source](https://www.cnbctv18.com/business/companies/irb-infra-gets-board-approval-to-monetise-non-core-assets-19996069.htm)
- 2026-09-22 — CNBC-TV18: **Stocks to Watch for September 23: Adani Firms, Tata Stocks, HDFC Bank, Persistent Systems and more** — From SEBI settling adjudication proceedings against five Adani Group companies for a total ₹1.51 crore to Persistent Systems securing an additional 61.15% stake in Nagarro, here are the stocks to track ahead of Wednesday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-september-23-adani-firms-tata-stocks-hdfc-bank-persistent-systems-and-more-19995924.htm)
- 2026-09-10 — FREEPRESSJOURNAL.IN: **IRB Infra Toll Revenue Jumps 25% To ₹807 Crore, Shares Surge 8% Before Paring Gains** — IRB Infra shares jumped 8 percent after August toll collections rose 25 percent to Rs 807 crore; the stock later traded 2.88 percent higher at Rs 19.62 at 12.30 pm, amid brisk turnover in Thursday trading. — [Source](https://www.freepressjournal.in/business/irb-infra-toll-revenue-jumps-25-to-807-crore-shares-surge-8-before-paring-gains)
- 2026-09-10 — Economic Times: **IRB Infrastructure shares rally 8% as August toll revenue surges 25% YoY to Rs 807 crore** — Shares of IRB Infrastructure Developers surged up to 8% after the company reported a 25% YoY rise in toll revenue to Rs 807 crore in August 2026, supported by strong traffic growth and tariff revisions. Key projects, including the Mumbai-Pune Expressway and Ahmedabad-Vadodara Expressway, also recorded healthy revenue growth, offering a positive operational trigger for the stock. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/irb-infrastructure-shares-rally-8-as-august-toll-revenue-surges-25-yoy-to-rs-807-crore/articleshow/133995098.cms)
- 2026-09-10 — CNBC-TV18: **11:11 | Trump promises $5,000 upon midterm victory; oil nears $102; UBS turns cautious on India** — Brent crude nears $102 a barrel as Iran signals an intensified conflict, putting the Strait of Hormuz back in focus. Plus, UBS turns cautious on Indian equities, Trump’s $5,000 dividend pitch, Apple’s AI strategy and more in today’s 11:11 roundup. — [Source](https://www.cnbctv18.com/business/trump-promises-5000-upon-midterm-victory-oil-nears-102-ubs-turns-cautious-on-india-19988117.htm)
- 2026-09-10 — Mint: **IRB Infra share price jumps 7.5% in trade today — what's driving the stock?** — IRB Infrastructure Developers' shares rose 7.5% after reporting a 25% increase in August 2026 toll revenue. The stock has mostly remained stagnant, but long-term growth shows a 127% increase over five years. Strong traffic growth and new assets contributed to this revenue boost. — [Source](https://www.livemint.com/market/stock-market-news/irb-infra-share-price-jumps-7-5-in-trade-today-whats-driving-the-stock-11789017280489.html)
- 2026-09-10 — CNBC-TV18: **IRB Infra, Ola Electric lead Nifty 500 gainers; HEG, Craftsman Automation fall at market open** — Monthly toll revenue data was among the reasons that moved a stock over 5% on the Nifty 500 at market open, while one stock extending its decline toward a fresh 52-week low — here's a look at today's top gainers and losers. — [Source](https://www.cnbctv18.com/market/stocks/irb-infrastructure-ola-electric-nifty-500-gainers-heg-craftsman-automation-sai-life-sciences-share-price-19988093.htm)
- 2026-09-10 — MONEYCONTROL: **Buzzing Stocks: IRB Infra gains 4% on 25% jump in toll revenue; Dilip Buildcon surges 6% on ₹1,800 crore project win** — Buzzing Stocks — [Source](https://www.moneycontrol.com/news/business/markets/buzzing-stocks-irb-infra-gains-4-on-25-jump-in-toll-revenue-dilip-buildcon-surges-6-on-1-800-crore-project-win-14026756.html)
- 2026-09-10 — CNBC-TV18: **Buzzing Stocks: Three Smallcap names seeing the biggest gains to newsflow on Thursday** — Shares of all three companies - IRB Infra, Dilip Buildcon and Shakti Pumps saw declines in the months of July and August and all three of them are also still down on a year-to-date basis. — [Source](https://www.cnbctv18.com/market/buzzing-stocks-three-smallcap-names-seeing-the-biggest-gains-to-newsflow-on-thursday-19988145.htm)
- 2026-09-10 — CNBC-TV18: **IRB Infra shares in focus after 25% growth in August toll revenue from last year** — There were a total of eight assets in the IRB InvIT Fund (Public InvIT) segment and six of them reported an increase in revenue in August. — [Source](https://www.cnbctv18.com/market/irb-infrastructure-developers-share-price-august-toll-revenue-increase-subsidiaries-festive-season-outlook-traffic-19988055.htm)
- 2026-09-09 — Mint: **Top stocks in focus tomorrow: Investors must watch Coal India, Shakti Pumps, Wipro shares on Thu, 10 Sept | Triggers** — On September 9, Indian stock market investors are centering on firms like Dilip Buildcon, Wipro and AU Small Finance Bank due to key orders and approvals.  — [Source](https://www.livemint.com/market/top-stocks-in-focus-tomorrow-investors-must-watch-coal-india-shakti-pumps-wipro-shares-on-thu-10-sept-triggers-11788964212253.html)
- 2026-09-09 — CNBC-TV18: **Stocks to Watch for September 10: Wipro, Coal India, IRB Infrastructure and more** — From Hindustan Zinc signing a six-year transportation contract with MFL India to deploy 30 electric trucks, to Wipro and CrowdStrike launching a cybersecurity command centre, here are the stocks to watch ahead of Thursday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-september-10-wipro-coal-india-irb-infrastructure-and-more-19987680.htm)
- 2026-09-09 — CNBC-TV18: **IRB Infrastructure Developers' toll revenue surges 25% to ₹807 crore in August** — Shares of IRB Infrastructure Developers Limited ended at ₹19.07, down by ₹0.18, or 0.94%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/irb-infrastructure-developers-share-price-toll-revenue-surges-25-to-rs-807-crore-in-august-19987721.htm)
- 2026-08-27 — Mint: **Stocks to watch: Jio Financial Services, BEL, Tata Power among shares to be in focus today. Details here** — Stock market today: Gift Nifty was trading near the 24,358.5 mark, down over 70 points from the previous close of Nifty futures. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-watch-jio-financial-services-bel-tata-power-among-shares-to-be-in-focus-today-details-here-11787796939759.html)
- 2026-08-27 — BUSINESSTODAY: **Top stocks in news: ICICI Pru AMC, Vedanta, BEL, Aye Finance, IRB Infra, Foseco, Juniper Green, PFC** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch,  CICI Prudential AMC, Vedanta, Bharat Electronics, Aye Finance, IRB Infra, Foseco India, Juniper Green Energy, Power Finance Corporation, PFC, DOMS Industries, IRB Infrastructure Developers, Max Healthcare Institute, Fino Payments Bank, GK Energy — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-icici-pru-amc-vedanta-bel-aye-finance-irb-infra-foseco-juniper-green-pfc-551633-2026-08-27)
- 2026-08-26 — CNBC-TV18: **IRB Infrastructure to invest up to ₹351 crore in IRB InvIT as trust looks to buy two highway assets** — IRB Infrastructure will subscribe to up to 5.4 crore units of IRB InvIT at ₹65 apiece, with the money helping the trust fund the acquisition of two project companies. — [Source](https://www.cnbctv18.com/business/companies/irb-infra-board-approves-investment-of-up-to-rs351-crore-in-irb-invit-fund-19977712.htm)
- 2026-08-11 — The Hindu: **Sensex today | Stock Market Live: Sensex, Nifty fall as crude oil prices weigh on investor sentiment** — Sensex, Nifty, Share Prices Live: Indian equities opened lower on Tuesday as elevated crude prices and Strait of Hormuz concerns weighed on sentiment. The decline came despite stronger corporate earnings and renewed foreign buying, with investors also tracking Adani stocks and the Nifty 50 reshuffle. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-11-august-2026/article71328121.ece)
- 2026-08-03 — BUSINESSTODAY: **Penny stock to buy: Analysts see upto 45% upside in Rs 20 share; check fresh target prices** — IRB Infra share price, IRB Infrastructure Developers, IRB Infra target price, IRB Infra Q1 results, IRB Infra share target, Penny stock to buy, Penny stock under Rs 20, Infrastructure stocks, Road toll stocks, IRB Infra news, Toll collection company, HDFC Securities IRB, Motilal Oswal IRB, Anand Rathi IRB, Infra stocks to buy, Stock market news today, Best penny stocks, Highway infrastructure stocks, Toll revenue growth, InvIT monetisation — [Source](https://www.businesstoday.in/markets/stocks/story/penny-stock-to-buy-analysts-see-upto-45-upside-in-rs-20-share-check-fresh-target-prices-546221-2026-08-03)

## Business profile

**Strategic vision:** Develops, constructs, operates, and maintains road and highway infrastructure.

### Business segments
- **Road and Highway Development:** Focuses on the development, construction, operation, and maintenance of road and highway projects through BOT, TOT, and HAM models.
- **Infrastructure Investment Trust Management:** Sponsors and manages IRB Infrastructure Trust (InvIT), facilitating asset monetization and capital reinvestment for new opportunities.

### Competitive strengths
- Experience in executing pioneering highway projects in India.
- Integrated approach covering development, construction, operation, and maintenance.
- Strategic use of Infrastructure Investment Trusts for asset management.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/irb
Markdown representation: https://faxioms.com/stocks/irb?render=md