Sequentially, the company's gross toll collection decreased 6.76% as against Rs 411.15 crore recorded in May 2023.

The gross toll collection of IRB Infra's wholly-owned subsidiaries in June 2023 was Rs 191.86 crore, up 12.89% year on year (YoY) and down 8.63% month on month (MoM).

The joint ventures entities under IRB Infrastructure Trust reported gross toll collection of Rs 191.49 crore (up 20.31% YoY) for the period under review. On MoM basis, it was down 4.82% as compared with Rs 201.18 crore reported in May 2023.

With this, the aggregate toll revenue of both the entities for Q1 FY24 goes up to Rs 1,183 crore from Rs 1,000 crore in the corresponding quarter of FY23; thus, registering the decent increase of 18% over last year.

Amitabh Murarka, deputy chief executive officer of IRB Infrastructure Developers, said, “First quarter of FY24 looks much positive as an upward trend seen in aggregate toll revenue as compared to corresponding quarter of last fiscal. We expect similar momentum for rest 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's consolidated net profit declined 25.4% to Rs 130.15 crore despite of 13% increase in revenue from operations to Rs 1,619.98 crore in Q4 FY23 over Q4 FY22.