Hot Pursuit     13-Sep-22
IRB Infra gains as toll collections rise by 35% YoY in Aug'22
IRB Infrastructure Developers advanced 2.59% to Rs 241.30 after the company's gross toll collection improved by 35% to Rs 336 crore in August 2022 from Rs 249.64 crore in August 2021.

The company's gross toll collection is higher by 5% as compared with Rs 320 crore recorded in July 2022.

The gross toll collection of IRB Infra's wholly-owned subsidiaries in August 2022 was Rs 165.15 crore (up 11% YoY).

The joint ventures entities under IRB Infrastructure Trust reported gross toll collection of Rs 170.85 crore (up 70% YoY) for the period under review.

IRB Infrastructure Developers (IRB) is India's first integrated multinational infrastructure player in highways segment. As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of over Rs 60,000 crore in 10 States across the parent company and two InvITs.

The company's consolidated net profit zoomed to Rs 363.19 crore in the quarter ended June 2022 as against Rs 71.91 crore during the previous quarter ended June 2021. Sales rose 18.38% to Rs 1924.57 crore in Q1 FY23 over Q1 FY22.

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