Also trades as: IRB.NS (NSE) · $vol 2M

₹16.87 ($0.18)

-0.13 (-0.76%)

BSE · Industrials · Engineering & Construction · Tech Score Sell · Power 30 · ₹205.3B mcap · 3.95B float · 0.030% daily turnover

Revenue

$65.2B -7.7% ▼

5Y CAGR: +4.2%

Gross Profit

$21.6B -45.6% ▼

5Y CAGR: -7.2%

Operating Income

$17.1B -51.1% ▼

5Y CAGR: -9.6%

Net Income

$8.5B -86.9% ▼

5Y CAGR: +48.7%

EPS (Diluted)

$0.70 -87.0% ▼

5Y CAGR: +16.2%

EBITDA

$41.4B +35.9% ▲

5Y CAGR: +10.6%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$58.0B	$64.0B	$74.1B	$70.6B	$65.2B
YoY Growth	+9.5%	+10.3%	+15.7%	-4.7%	-7.7%
Cost of Revenue	$23.8B	$25.0B	$33.0B	$31.0B	$43.7B
Gross Profit	$34.2B	$39.0B	$41.1B	$39.6B	$21.6B
Gross Margin	59.0%	61.0%	55.4%	56.1%	33.1%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$3.1B	$3.7B	$4.3B	$4.6B	$0
Operating Expenses	$3.1B	$3.7B	$4.3B	$4.6B	$4.4B
Operating Income	$31.1B	$35.3B	$36.8B	$35.0B	$17.1B
Operating Margin	53.6%	55.1%	49.7%	49.6%	26.3%
Interest Expense	$18.9B	$15.2B	$18.6B	$17.9B	$17.6B
Income Before Tax	$5.5B	$10.8B	$9.5B	$68.6B	$12.5B
Tax Expense	$1.9B	$3.6B	$3.5B	$3.8B	$4.0B
Net Income	$3.6B	$7.2B	$6.1B	$64.8B	$8.5B
Net Margin	6.2%	11.2%	8.2%	91.8%	13.0%
EPS (Diluted)	$0.87	$1.19	$1.00	$5.37	$0.70
EBITDA	$27.9B	$32.3B	$33.3B	$30.5B	$41.4B
Shares Outstanding	4.16B	6.04B	6.04B	12.08B	12.15B

Line Item	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3	FY2026 Q4
Revenue	$18.5B	$17.5B	$17.8B	$18.4B	$18.7B	$14.5B	$15.3B	$15.3B
Cost of Revenue	$7.6B	$6.4B	$8.1B	$8.9B	$9.5B	$6.0B	$10.0B	$6.5B
Gross Profit	$10.9B	$11.2B	$9.7B	$9.5B	$9.2B	$8.5B	$5.3B	$8.8B
Gross Margin	58.9%	63.7%	54.6%	51.5%	49.1%	58.5%	34.8%	57.6%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$1.0B	$1.1B	$1.1B	$1.4B	$1.0B	$0	$1.4B	$0
Operating Expenses	$1.0B	$1.1B	$1.1B	$1.4B	$1.0B	$4.9B	$1.4B	$5.2B
Operating Income	$9.9B	$10.1B	$8.6B	$8.1B	$8.1B	$3.6B	$3.9B	$3.6B
Operating Margin	53.4%	57.6%	48.4%	43.8%	43.5%	24.8%	25.6%	23.6%
Interest Expense	$4.4B	$4.3B	$4.6B	$4.6B	$4.6B	$4.5B	$4.4B	$4.1B
Income Before Tax	$2.3B	$1.8B	$61.3B	$3.2B	$2.9B	$2.6B	$3.0B	$4.1B
Tax Expense	$887M	$835M	$1.0B	$1.1B	$839M	$1.2B	$842M	$1.1B
Net Income	$1.4B	$999M	$60.3B	$2.1B	$2.0B	$1.4B	$2.1B	$3.0B
Net Margin	7.6%	5.7%	338.4%	11.7%	10.9%	9.7%	13.8%	19.4%
EPS (Diluted)	$0.23	$0.17	$4.99	$0.17	$0.17	$0.12	$0.18	$0.25
EBITDA	$8.5B	$9.4B	$7.2B	$6.6B	$7.1B	$9.7B	$10.2B	$11.3B
Shares Outstanding	6.09B	5.87B	12.08B	12.27B	11.91B	12.25B	12.08B	11.85B

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