Shares of IRB Infrastructure Developers Ltd and Samvardhana Motherson International Ltd experienced significant rallies on Thursday, with their stocks climbing up to 13%. This surge followed the announcement of strong financial results for the quarter ending March 31, 2026, by both companies.
IRB Infrastructure Developers Sees Profit Growth
IRB Infrastructure Developers saw its shares jump nearly 13.25% to Rs 23.94, pushing its market capitalization over Rs 28,000 crore. The company reported a substantial 37.97% year-over-year growth in net profit, reaching Rs 296.26 crore for the March 2026 quarter. Despite a 10.34% dip in revenue to Rs 2,149.24 crore, its EBITDA increased by 8.5% year-over-year to Rs 1,083 crore, with margins expanding significantly to 56.2%.
The infrastructure major also highlighted a robust order book of Rs 38,500 crore and projected a 15-20% growth in toll revenue for the upcoming fiscal year. IRB Infra declared a fourth interim dividend of Rs 0.05 per share for its shareholders. Motilal Oswal maintains a 'buy' rating on the stock, noting contributions from construction, BOT, and InvIT & Related Assets revenue streams.
Samvardhana Motherson International Hits 52-Week High
Samvardhana Motherson International (SAMIL) also performed strongly, with its stock rising nearly 5% to Rs 138.40, marking a new 52-week high. The company's total market capitalization now stands above Rs 1.45 lakh crore. SAMIL reported an impressive 45.63% year-over-year increase in net profit, reaching Rs 1,561.56 crore, alongside its highest-ever quarterly revenue of Rs 34,309.31 crore for the March 2026 quarter. EBITDA climbed to Rs 3,805 crore, with margins expanding to 11.1%.
Several brokerages have issued 'buy' ratings for SAMIL, including ICICI Securities (target price Rs 170), Motilal Oswal (Rs 156), JM Financial (Rs 160), and Emkay Global Financial Services (Rs 150). However, Elara Capital holds a 'sell' rating on SAMIL, setting a target price of Rs 118 apiece.