IRB Infrastructure Developers shares jumped over 6% on Monday, 9 November, extending their gains for the second consecutive trading session following the company's Q2 FY27 results.
The infrastructure company reported an 84.85% year-on-year (YoY) increase in consolidated net profit to ₹260.15 crore for the September quarter of FY27, compared with ₹141 crore in the corresponding period last year. The growth was driven by robust toll revenue and distributions from its Infrastructure Investment Trust (InvIT), according to the company's regulatory filing.
Total income for the July-September quarter increased to ₹18,970.8 crore from ₹17,510.16 crore in the year-ago period.
Commenting on the performance, Chairman and Managing Director Virendra D Mhaiskar said the company's Q2 FY27 results demonstrated the counter-cyclical strength and structural resilience of its business model, despite global economic deceleration, supply chain fragmentation and geopolitical volatility.
He added that toll revenue grew around 15% year-on-year, supported by resilient traffic demand and effective tariff-linking mechanisms. This also contributed to steady cash flow generation and distributions from the InvIT.