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IRB Infrastructure's September 2024 toll collections rose by 19.2% YoY to ₹502 crore from ₹421 crore in September 2023. This marks the third consecutive month of growth, despite challenging weather conditions.
IRB Infrastructure Developers Ltd and its subsidiary, IRB Infrastructure Trust, reported a robust year-on-year (YoY) growth in toll revenue for September 2024. The company announced that it had collected ₹502 crore in toll revenues for the month, reflecting a 19.2% increase compared to the ₹421 crore collected in September 2023.
This marks the third consecutive month of significant growth in toll collections for IRB Infrastructure, signalling consistent performance in the second quarter of FY25. The company's toll revenues have shown remarkable resilience, growing steadily despite weather-related challenges, including severe rains in some regions during the month.
The growth in toll collections highlights an increase in travel and economic activity, driven by favourable conditions for transport and infrastructure development. The 19.2% rise in collections also indicates the company's operational efficiency in maintaining its toll roads and services across the country.
The increase in toll revenue is expected to contribute positively to IRB Infrastructure’s overall financial performance in the coming quarters. The company had already reported strong financial results for the June quarter, with a net profit increase of 4.7% year-on-year to ₹140 crore. Total revenue for the June quarter also grew by 13.4% to ₹1,852.9 crore, compared to ₹1,634.2 crore in the same period last year.
EBITDA for the June quarter reached ₹857 crore, reflecting a 10.2% YoY growth, although the EBITDA margin saw a slight contraction to 46.25% from 47.6% in the previous year.
IRB Infrastructure’s consistent toll revenue growth, particularly the 19.2% rise in September 2024, is expected to support the company's ongoing financial performance. The increase is likely to have a positive effect on the IRB Infrastructure share price, as investors may view the steady toll collections as a sign of future growth potential.
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