Q3 2026 IRB InvIT Fund Earnings Call Transcript

Feb 11, 2026 / 05:30 AM GMT

Release Date Price: ₹62.95 (+0.49%)

Transcript

Key Points

Positve

IRB InvIT Fund (BOM:540526) successfully acquired three road assets with a combined enterprise value of approximately 8,400 crores, enhancing long-term visibility and portfolio strength.
The portfolio's average residual life increased from 14 years to approximately 17 years, improving long-term asset sustainability.
Geographic diversification improved with expansion into high GDP states like Uttar Pradesh and Haryana.
The acquired assets delivered strong operating performance with average toll revenue growth of around 14% year-over-year.
The trust maintained a strong credit profile with its AAA rating reaffirmed by two leading credit rating agencies.

Negative

The profit after tax for the current quarter decreased to 60 crores from 90 crores in the corresponding quarter of the previous year.
Interest costs increased significantly to 153 crores from 69 crores in the corresponding quarter of the previous year due to the acquisition of new assets.
Depreciation and amortization costs rose to 100 crores from 61 crores in the corresponding quarter of the previous year.
The trust faces the challenge of replacing the revenue from the Umar Salem Namakkal asset, which will exit the portfolio in January 2027.
The acquisition of new assets was primarily funded through debt, raising concerns about increased leverage and interest obligations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IRBN.NS - IRB InvIT Fund
Q3 2026 IRB InvIT Fund Earnings Call
Feb 12, 2026 / 05:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen.

Welcome to the IRB Invit call hosted by the company for discussing the financial results for the quarter ended December 2025.

We have with us on the call today Mr. Anil Yadav, Mr. Yusra Gandhi, and Ms. Sapna Venurlekar from IRB Invid team.

As a reminder, all participant lines will be in the listen-only mode, and after the opening remarks by the management, there will be a question-and-answer session.

Please note that the duration of the call would be 45 minutes, and any queries left unanswered after the call can be subsequently mailed to the management for adequate response and resolution.

Please note that this conference is being recorded.

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