The robust toll collection fuelled hopes of IRB Infra reporting strong earnings in the second quarter. The companys gross toll collection fell 2.31% last month from Rs 335.99 crore recorded in August 2022. The gross toll collection of IRB Infras wholly-owned subsidiaries in September 2022 was Rs 156.63 crore (up 9.32% YoY). The joint ventures entities under IRB Infrastructure Trust reported gross toll collection of Rs 171.60 crore (up 76.93% YoY) last month. IRB Infrastructure Developers is Indias leading integrated and first multi-national infrastructure developer in highways sector, with major presence in the Build-Operate-Transfer (BOT) space. On a consolidated basis, the companys net profit zoomed to Rs 363.19 crore in Q1 June 2022 as against Rs 71.91 crore in Q1 June 2021. Net sales rose 18.38% YoY to Rs 1924.57 crore in Q1 FY23. Powered by Capital Market – Live News
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