BAJAJ BROKING
IRB Infrastructure Developers Ltd. saw a 20% year-on-year rise in toll collection, accumulating ₹503 crore in August 2024, compared to ₹417 crore in August 2023. This marks the second consecutive month of significant growth for the company.
IRB Infrastructure Developers Ltd and its unit, IRB Infrastructure Trust, reported a robust 20.5% year-on-year growth in toll collection for August 2024. The company collected ₹502.6 crore in toll revenue, up from ₹417.2 crore in August 2023. This marked a significant increase in the company’s overall performance and reflects sustained momentum in the second quarter of FY25.
This positive performance comes on the heels of the company’s strong showing in July 2024. The consistent increase in toll collections highlights IRB Infrastructure’s ongoing success in leveraging traffic volume growth across its BOT and TOT projects. In August 2024 alone, the company witnessed a year-on-year jump of over ₹85 crore in toll revenues.
For the June quarter, IRB Infrastructure saw a 32% year-on-year rise in toll collection to ₹1,556 crore. Of this, 96% of toll transactions were processed via FASTag, underscoring the increasing adoption of digital payments across India's toll roads. The company continues to strengthen its toll operations, contributing significantly to its overall revenue stream.
IRB Infrastructure Developers Ltd reported a 13.4% increase in its June quarter revenue, which rose to ₹1,852.9 crore compared to ₹1,634.2 crore in the same period last year. Net profit grew by 4.7% to ₹140 crore, while EBITDA rose by 10.2% year-on-year to ₹857 crore, maintaining the company's financial resilience.
Despite a slight narrowing in its EBITDA margin to 46.25%, IRB Infrastructure remains on track to achieve continued growth. Revenue from its BOT and TOT projects reached ₹613.9 crore, while construction segment revenue climbed to ₹1,233 crore, a year-on-year increase of over ₹190 crore.
As of the latest market update, the IRB Infrastructure share price stood at ₹61.95, reflecting a slight increase of 0.065%. The company’s ongoing growth in toll collections and improving financials make it a key player in India’s infrastructure sector.
IRB Infrastructure's sustained toll collection growth and improved financial performance for August 2024 reinforce the company’s strong position in the infrastructure sector. With increasing digital toll payments and solid quarterly results, IRB continues to expand its footprint across India’s highway network.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Samvardhana Motherson invests $15M in REE Automotive
16 Sep, 2024 | 4 Min. read
India raises edible oil import duty by 20%
16 Sep, 2024 | 4 Min. read
Commodities Market Today | Brent crude rebounds to $71.78, gold rises 1.1%
16 Sep, 2024 | 1 Min. read
Share Market Today | Gift Nifty suggests 50-point gap up opening for Nifty
16 Sep, 2024 | 4 Min. read
Gold Rate Today | Gold rises 1.1% to $2,609, silver gains 3.2% to $31
16 Sep, 2024 | 2 Min. read
M&M Financial to enter mortgage business with ₹20-30 crore investment
16 Sep, 2024 | 4 Min. read
Adani Green and Adani Power to Supply 6,600 MW Power to Maharashtra
16 Sep, 2024 | 4 Min. read
Thermax arm secures Rs 516 cr repeat order for Botswana project
16 Sep, 2024 | 4 Min. read
Bajaj Housing Finance shares debut with 114% premium
16 Sep, 2024 | 4 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
16 Sep, 2024 | 4 Min. read
Paramount Speciality Forgings IPO
14 Sep, 2024 | 3 Min. read
OSEL Devices IPO Price, Analysis, Objective & How to Apply
14 Sep, 2024 | 1 Min. read
Analysis to Become a Pro Investor
28 Dec, 2023 | 4 Min. read
Women In Real Estate Investing (Investree)
28 Dec, 2023 | 5 Min. read
How To Check Prudent Corporate Advisory IPO Allotment Status
27 Dec, 2023 | 3 Min. read
How To Boost Credit Score? – Steps to Improve Creditworthiness
27 Dec, 2023 | 4 Min. read
Advantages and Disadvantages of Opening Multiple Demat Accounts
26 Dec, 2023 | 4 Min. read
7th CPC LTC: Leave Travel Concession Rules for Central Government Employees
26 Dec, 2023 | 4 Min. read
7th Pay Commission: House Building Advance (HBA) Interest Rate FY 2023-24
26 Dec, 2023 | 5 Min. read
The Future of Trading: Exploring Bajaj Broking’s Demat Features
26 Dec, 2023 | 6 Min. read
7th Central Pay Commission Cpc Fitment Table
23 Dec, 2023 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading