IRB Infra reports ~17% yoy growth in toll collection for Feb-22; stock gains ~1%

23 Mar 2022 , 11:39 AM

In its press release today, IRB Infrastructure Developers Limited has informed the investors of monthly revenue updates for February 2022. The total toll collection through its subsidiaries was Rs277.47 crore as compared to Rs236.47 crore for February 2021, registering a growth of 17.34% yoy.

Company’s wholly-owned subsidiary IRB MP Expressway Pvt Limited reported the highest toll collection of Rs107.76 crore during February 2022, followed by IRB Ahmedabad Vadodara Super Express Tollway Private Limited’s collection of Rs46.56 crore, and joint venture, CG Tollway Limited’s Rs23.86 crore collection.

IRB MP expressway reported a growth of 4% in its toll collection, over the last year. Company’s Joint venture, CG Tollway, reported a growth of 81% yoy.

Company’s joint venture Kaithal Tollway Limited reported the highest growth during February 2022, collection at Rs11.83 crore as against Rs15,000 in February 2021. This was due to the suspension of production in February 2021.

IRB Infrastructure Developers is currently trading at Rs227.80 up by Rs1.4 or 0.62% from its previous closing of Rs226.40 on the BSE.

The scrip opened at Rs230 and has touched intraday high and low of Rs233.80 and Rs224.45 respectively.