Shares of IRB Infrastructure Developers Ltd dropped nearly 5% on Monday, February 16, after the company reported a sharp drop in revenue for the third quarter of the current financial year.
The decline in stock price was seen after the company reported weak revenue and net profit on Friday for the quarter ended on December 31, 2025.
Shares of the company opened slightly higher at ₹44.02 apiece on the BSE on Monday, but soon dropped as much as 4.7% to hit an intraday low of ₹41.9 apiece in morning trade. Shares of the company, however, recovered some of their early losses to trade at ₹42.15 apiece, down 4.14%, on the BSE at 11:03 am.
In its financial results released post-market hours on Friday, IRB Infra reported a 7.61% year-on-year (YoY) drop in total consolidated revenue from operations at ₹1,871.17 crore in Q3 compared to ₹2,025.44 crore in the year-ago period. Net profit plunged 96.5% YoY to ₹210.79 crore in Q3FY26 from ₹6,026.11 crore in Q3FY25.
However, margins expanded by 600 bps to 54.6% in the quarter under review. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) rose 1.4% YoY to ₹1,063.5 crore in Q3FY26 from ₹1,049.2 crore in Q3FY25.The Board of Directors also announced a third interim dividend for the financial year 2025–26, declaring a payout of 7%, equivalent to ₹0.07 per equity share with a face value of ₹1. The record date for determining shareholder eligibility has been fixed as February 19, 2026. Eligible investors can expect the dividend to be credited on or before March 14, 2026.
The Board of Directors has proposed a bonus issue in the ratio of one equity share for every share held, subject to shareholder approval. Under the proposal, eligible investors would receive one fully paid-up equity share of ₹1 face value for each existing equity share of the same value held on the record date. The move will require approval through a postal ballot, along with any necessary statutory and regulatory clearances. The company informed the stock exchanges that the record date for eligibility will be announced separately.
The company has proposed a substantial expansion of its authorised share capital, raising it from ₹615 crore to ₹1,260 crore. The move would increase the number of authorised equity shares of ₹1 each from 615 crore to 1,260 crore. The proposal will also require a corresponding amendment to Clause V of the company’s Memorandum of Association and is subject to shareholder approval via postal ballot, along with any necessary statutory and regulatory clearances.
