The gross toll collection of IRB Infra's wholly-owned subsidiaries in April 2023 was Rs 194.52 crore, up 16.50% year on year (YoY) and up 9.96% month on month (MoM).

The joint ventures entities under IRB Infrastructure Trust reported gross toll collection of Rs 193.90 crore (up 21.13% YoY) for the period under review. It was marginally higher as compared with Rs 193.09 crore reported in March 2023.

Virendra D. Mhaiskar, chairman & managing director of IRB Infrastructure Developers said, “The continued toll collection growth reflects a promising start to FY24 for us. It has come on the back of traffic growth across all corridors, upward tariff revisions post construction completion in few projects and the annual tariff revision effected from 1 April for the operational portfolio. It reinforces the consistency and robustness in growth stemmed by the economic importance of highway corridors we manage across India.”

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 70,000 crore spread in 11 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.