IRB Infra's toll revenue soars 16% in June

IRB Infrastructure Developers Limited and its private InvIT, IRB Infrastructure Trust, have registered the toll revenue growth of 16% in the month of June 2023. 

The company’s toll collection for the month of June 2023 is Rs 383 crore, which was Rs 329 crore in the corresponding month of FY23, i.e., June 2022, IRB Infra quoted.

With this, the aggregate toll revenue of both entities for Q1FY24 goes up to Rs 1,183 crore from Rs 1,000 crore in the corresponding quarter of FY23; thus, registering a decent increase of 18% over last year. 

Amitabh Murarka, Deputy Chief Executive Officer of IRB Infrastructure Developers Limited said, “First quarter of FY24 looks much positive as an upward trend seen in aggregate toll revenue as compared to the corresponding quarter of last fiscal. We expect similar momentum for the rest of FY24.”

IRB Infrastructure has an asset base of over Rs 70,000 crore in 11 States across the parent company and two InvITs.

Source: Media Reports