IRB InvIT Fund's Q2 FY 2025-26 Quarterly Results

Result Summary

• IRB InvIT Fund reported a 4.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 2.8%.
• Its expenses for the quarter were up by 0.0% QoQ and 3.9% YoY.
• The net profit decreased 16.9% QoQ and decreased 3.0% YoY.
• The earnings per share (EPS) of IRB InvIT Fund stood at 1.42 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

IRB InvIT Fund is a well-known player in the infrastructure investment trust sector in India, focusing primarily on road and highway projects. InvITs, or Infrastructure Investment Trusts, allow developers to monetize revenue-generating infrastructure assets and offer investors a chance to invest in infrastructure projects. The primary services offered by IRB InvIT Fund involve the management and operation of toll roads, which generate consistent cash flows. As of the latest available information, there have been no major developments or strategic shifts reported. The company continues to operate within the regulatory framework, focusing on optimizing its operating assets and exploring potential expansions through new project acquisitions.

Revenue

In Q2FY26, IRB InvIT Fund reported a total income of ₹277.92 crores, reflecting a quarter-over-quarter (QoQ) decline of 4.9% from ₹292.29 crores in Q1FY26. However, when compared year-over-year (YoY) to Q2FY25, total income saw a modest increase of 2.8% from ₹270.40 crores. This indicates a stable revenue base with slight fluctuations over the quarters. The revenue contributes significantly to the company's cash flow, which is critical for maintaining its infrastructure assets and fulfilling operational requirements. Despite the QoQ decrease, the YoY growth suggests a resilience in revenue generation amidst changing market conditions.

Profitability

The profit before tax for Q2FY26 was ₹88.65 crores, a decrease of 14.0% from the ₹103.07 crores reported in Q1FY26. Compared to the same quarter last year, profit before tax showed a marginal increase of 0.4% from ₹88.28 crores in Q2FY25. The tax expense for Q2FY26 was ₹5.92 crores, significantly higher than both the preceding quarter and the same quarter of the previous year, reflecting a QoQ increase of 70.6% and a YoY increase of 100.7%. Consequently, the profit after tax for Q2FY26 was ₹82.74 crores, which represents a decline of 16.9% QoQ from Q1FY26's ₹99.60 crores and a slight YoY decrease of 3.0% from Q2FY25's ₹85.33 crores. The earnings per share (EPS) for Q2FY26 was noted as ₹1.42, while data for Q1FY26 and Q2FY25 was not provided.

Operating Metrics

The total expenses for Q2FY26 stood at ₹189.27 crores, which remained fairly stable compared to Q1FY26's ₹189.23 crores, indicating minimal change QoQ. However, there was a YoY increase of 3.9% from ₹182.11 crores in Q2FY25. This stability in expenses amidst fluctuating income levels suggests a consistent cost structure. Key financial ratios such as the price-to-earnings (P/E) ratio, debt-to-equity ratio, and current ratio have not been provided, limiting a deeper analysis of the company's financial leverage and liquidity. The steady expense trend, combined with the revenue changes, offers insights into the company's cost management practices and operational efficiency over the observed period.