IRB Infra Share Price Climbs Following Bonus Issue
Mumbai, March 30, 2026 – IRB Infrastructure Developers (IRB Infra) saw its share price surge nearly 11% on Monday, March 30, following the stock turning ex-bonus for its 1:1 bonus share issue. The stock closed at ₹22.70 on the BSE, marking an intraday high of ₹22.70.Bonus Issue Details
IRB Infra had approved a 1:1 bonus issue on February 13, 2026. This means that for every one fully paid-up equity share held by shareholders, they will receive one additional bonus equity share of Re.1/- each. The record date for determining eligible shareholders was fixed for Wednesday, April 1, 2026. Investors who purchased the stock on or after this date will qualify for the additional shares.Timeline of Corporate Actions
- February 13, 2026: IRB Infra approved the 1:1 bonus issue.
- March 23, 2026: Shareholders approved the issuance of bonus equity shares through a postal ballot.
- April 1, 2026: Record Date for determining eligible shareholders.
- April 2, 2026: Deemed Date of Allotment of Bonus Equity Shares (Thursday). Trading of bonus shares will commence on the next working day.
Stock Performance
Despite the Monday’s rally, IRB Infra’s stock has faced sustained pressure over the past year. The stock has declined approximately 51% over the last 12 months, 47% in the past three months, and 33% in the last month. The stock’s 52-week high was ₹27.19 (as of June 2025), while its 52-week low was ₹18.50 (as of March 2026).Financial Performance
IRB Infrastructure Developers reported a significant 96.5% year-on-year (YoY) decline in consolidated net profit to ₹210.71 crore for the December quarter, compared with ₹6,026.11 crore in the same quarter of the previous fiscal. This decline was primarily attributed to the implementation of the new labour code, resulting in a one-time impact of ₹42.7 crore. Excluding exceptional items, profit after tax (PAT) rose 14% YoY to ₹253 crore, compared with ₹222 crore in the year-ago period. Revenue from operations decreased 7.6% YoY to ₹1,871.17 crore.Asset Base
IRB Infrastructure Developers operates in India and has an asset base of approximately ₹80,000 crore spread across 12 states.Previous Stock Split
In February 2023, the company undertook a stock split, dividing one equity share of face value ₹10 into 10 equity shares of face value Re 1 each.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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