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Sequentially, the company's gross toll collection increased 11.66% as against Rs 437.05 crore recorded in November 2023.
The gross toll collection of IRB Infra's wholly-owned subsidiaries in December 2023 was Rs 224.4 crore, up 16.75% year on year (YoY).
The joint ventures entities under IRB Infrastructure Trust reported gross toll collection of Rs 263.6 crore (up 34.63% YoY) for the period under review.
Amitabh Murarka, deputy CEO said, “Much pleased to see the continued growth momentum across all our highways assets. Since, the second half of the FY is always better from Toll Collection perspective, we expect this growth to continue for the remaining quarter of FY24 too, especially after Samakhiyali Santalpur BOT project in the State of Gujarat which started toll collection from 28 December 2023, and will have full month toll revenue in remaining months of FY24.”
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 reported 12.24% jump in net profit to Rs 95.74 crore on 30.28% increase in total income to Rs 1,874.50 crore in Q2 FY24 over Q2 FY23. Revenue from operations stood at Rs 1,744.99 crore in Q2 FY24, up 29.94% from Rs 1,342.95 crore posted in corresponding quarter last year.
The scrip hit an all time high of Rs 46.70 in today's intraday session.
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