Hot Pursuit     11-Apr-23
IRB Infra gains after toll collection jumps 21% YoY
IRB Infrastructure Developers advanced 1.89% to Rs 26.37 after the company's gross toll collection rose 21% to Rs 369.93 crore in March 2023 as compared with Rs 306.62 crore in March 2022.
The firm's gross toll collection increased by 5.18% as against Rs 351.70 crore in February 2023.

The gross toll collection of IRB Infra's wholly-owned subsidiaries in March 2023 was Rs 176.89 crore, up 4.79% year on year (YoY) and increased by 4.21% month on month (MoM).

The joint ventures entities under IRB Infrastructure Trust reported gross toll collection of Rs 193.04 crore, up 40.07% YoY. It climbed 6.1% as against Rs 181.95 crore reported in February 2023.

IRB Infrastructure Developers (IRB) is India's first Multinational Infrastructure player in Highways segment. As the largest integrated private toll roads and highways infrastructure developer in India, with this win, IRB group's asset base will swell to over Rs 62,000 crore spread in 10 States across the parent company and two InvITs.

The company's consolidated net profit increased by 94.50% to Rs 141.36 crore on a 18.37% rise in sales in Q3 FY23 over Q3 FY22.

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