IRB Infrastructure logs 19% y-o-y growth in Sept toll collection

9 Oct 2024 , 03:16 PM

IRB Infrastructure Developers Ltd and IRB Infrastructure Trust reported a 19% YoY increase in toll revenue for September 2024, with revenues of ₹502 Crore compared to ₹421 Crore in September 2023.

This is the third consecutive month of strong toll revenue growth in Q2 FY25.

Amitabh Murarka, Deputy Chief Executive Officer of IRB Infrastructure Developers Ltd, stated, “Our toll income has exhibited extraordinary resilience, increasing by 19% year on year despite severe rains in some places. As we approach the holiday season, we are confident that growth will continue, fuelled by increased travel and economic activity.”

IRB Infrastructure Developers reported a 4.7% increase in net profit to ₹140 Crore for the June quarter compared to the previous year. Revenue increased by 13.4% year on year to ₹1,852.9 Crore. The company generated ₹1,634.2 Crore in revenue during the same quarter last year.

EBITDA increased by 10.2% from the same quarter last year to ₹857 Crore in the current period under review. The EBITDA margin decreased slightly to 46.25% from 47.6% last year.

At around 3.13 PM, IRB Infrastructure was trading 2.10% higher at ₹60.15, against the previous close of ₹58.91 on NSE. The counter touched an intraday high and low of ₹60.89, and ₹59.70, respectively.

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