IRB Infrastructure logs 20% y-o-y growth in toll collection

10 Sep 2024 , 03:30 PM

On Monday (September 9), IRB Infrastructure Developers Ltd and the IRB Infrastructure Trust reported a 20% increase in toll collection for August 2024 over the previous year. The company’s overall toll income for the month was ₹503 Crore, up from ₹417 Crore in August 2023.

IRB Infrastructure Developers Ltd and IRB Infrastructure Trust reported a 20% Y-o-Y toll revenue growth in August 2024, reaching ₹503 Crore from ₹417 Crore in August 2023, according to a regulatory filing.

This is the second straight month of excellent increase in Q2 FY25, demonstrating the company’s sustained success in toll collecting.

IRB Infrastructure Developers reported a 13.4% increase in revenue to ₹1,852.9 Crore in the June quarter compared to the same period last year. The company generated ₹1,634.2 Crore in revenue during the same quarter last year.

Net profit for the quarter increased by 4.7% from the previous year to ₹140 Crore. EBITDA increased by 10.2% from the same quarter last year to ₹857 Crore. EBITDA margin fell slightly to 46.25% from 47.6% previous year.

Revenue in the construction segment rose to ₹1,233 Crore from ₹1,042 Crore in the previous year. The company’s arm IRB Infra Trust declared a payout of ₹72.4 Crore for the quarter, with IRB Infra receiving a part of ₹36.9 Crore based on its investment.

At around 3.22 PM, IRB Infrastructure was trading 1.02% higher at ₹62.51, against the previous close of ₹61.88 on NSE.

For feedback and suggestions, write to us at [e-mail]