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IRB Infrastructure Developers vs IndiGrid Infrastructure Trust Q3 FY26

Side-by-side earnings comparison across verified financials, sentiment, risks, and management commentary.

IR

IRB Infrastructure Developers

IRB reported Q3 FY26 consolidated revenue of ₹1,912 crore (down 9% YoY) due to completion of construction projects, but PAT grew 14% YoY to ₹253 crore driven by higher InvIT income and lower interest costs.

IN

IndiGrid Infrastructure Trust

IndiGrid reported a solid Q3 FY26 with revenue of ₹862.2 crore (+11.7% YoY) and EBITDA of ₹784.3 crore (+13% YoY), driven by acquisitions completed in Q1 FY26 (Renew assets worth ~₹2,200 crore).

Result Snapshot

Revenue₹1,871 Cr₹862 Cr
PAT₹211 Cr₹100 Cr
EBITDA Margin55%88%
Sentimentbullishbullish

Key Quotes

We have successfully executed our BC that is build execute stable land and transfer strategy monetizing matured assets through our public.
Anil Yadav · Senior Management
We do not give growth guidance we give DPU guidance which is intact for 16.
Harsh Shah · Managing Director