Double Bonanza For IRB Investors! 1:1 Bonus Issue & 3rd Interim Dividend Approved; Stock Ready To Rally?

In addition to a number of significant strategic and shareholder-focused decisions that were approved by its Board of Directors at a meeting on February 13, 2026, IRB Infrastructure Developers Limited (BSE: 532947 | NSE: IRB) has released its financial results for the quarter and nine months that ended December 31, 2025. In Q3FY26, the firm increased its authorized share capital, approved a 1:1 bonus issue, announced its third interim dividend, demonstrated consistent operational growth, and passed significant project and governance-related moves.

IRB Infrastructure Developers Bonus Issue

The Board of Directors "Recommended the issuance of Bonus equity shares in the proportion of 1 (one) new fully paid up equity share of Re.1/- each for every existing 1 (one) equity shares of Re.1/- each held by the members of the Company as on record date, subject to shareholders' approval through Postal Ballot and other applicable statutory and regulatory approvals, if any. The Record Date for determining eligible shareholders entitled for issuance of Bonus Shares will be intimated separately," said IRB Infrastructure in a regulatory statement.

Under this proposal, the company will issue 603,90,00,000 fully paid-up equity shares of Re.1 each. This means shareholders will receive one bonus equity share of Re.1 for every one existing fully paid-up equity share of Re.1 held as on the record date, which will be announced separately.

The bonus shares will be issued out of the Securities Premium Account of the company. As of December 31, 2025, the company has a securities premium balance of Rs 64,402.51 million available for capitalisation. For implementing the bonus issue, Rs 603.90 crore (Rs 603,90,00,000) will be required from the Securities Premium Account. The company has clarified that these figures are unaudited as of December 31, 2025.

The company's paid-up equity share capital will rise from Rs 603.90 crore to Rs 1,207.80 crore after the bonus issue. Similarly, the number of equity shares of Re.1 that will be issued and subscribed for will rise from 603,90,00,000 to 1,207,80,00,000 each. The authorized share capital will be raised from Rs 615 crore, which includes 615,00,00,000 equity shares of Re.1 each, to Rs 1,260 crore, which includes 1,260,00,00,000 equity shares of Re.1 each, in order to support the development, pending shareholder approval.
The company has stated that the bonus shares are expected to be credited or dispatched within two months from the date of the Board's approval, i.e., on or before April 13, 2026.

IRB Infrastructure Developers Dividend Details

The Board of Directors "Declared 3rd Interim dividend of 7% (Re.0.07/- per equity share of face value of Re.1/- each) for financial year 2025-26. The record date for the purpose of payment of dividend is February 19, 2026. The 3rd Interim dividend shall be paid to the eligible shareholders on or before March 14, 2026," confirmed IRB Infrastructure Developers in a stock-exchange statement.

IRB Infrastructure Developers Q3 Results

The company's total income for Q3FY26 stood at Rs 1,912 crore, compared to Rs 2,090 crore in Q3FY25, indicating a year-on-year decline. Operating performance held up well in spite of the revenue slowdown. EBITDA increased slightly from Rs 1,049 crore in the same period previous year to Rs 1,063 crore in Q3FY26.

Profit Before Tax (PBT) increased to Rs 338 crore in Q3FY26, up from Rs 323 crore in Q3FY25, reflecting steady core profitability. Similarly, Profit After Tax (PAT) before exceptional items improved to Rs 253 crore compared to Rs 222 crore in the previous year.

However, profit after tax after exceptional items declined sharply to Rs 211 crore in Q3FY26 versus Rs 6,026 crore in Q3FY25.

Shri Virendra D. Mhaiskar, Chairman and Managing Director of the Company said, "During the quarter, we successfully monetized three BOT assets by transferring from Private InvIT to Public InvIT thereby unlocking equity of Rs.4,900Crs. We also completed the transfer of the VM7 HAM asset to the Public InvIT, unlocking Rs.513Crs of equity and reducing debt by over Rs.700Crs." He further said, "In line with our Capital recycling strategy, we are deploying the unlocked capital to fund the equity requirement of the newly acquired 2 TOT assets aggregating to approx. Rs.14,000Crs. Rewarding our shareholders, the management is pleased to announce 1:1 bonus issue; thus, enabling our esteemed shareholders to participate in the Company's growth story."

IRB Infrastructure Developers Target Price

"IRB Infrastructure stock price is bearish on the Daily charts with strong resistance at 45. A Daily close below support of 43.5 could lead to a target of 39.25 in the near term," commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.

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