IRB Infra toll revenue rises nearly 9% to ₹581 crore in May; stock jumped 3%

IRB Infrastructure on Monday posted a nearly 9% year-on-year rise in its toll revenue to ₹581 crore in May 2025.

Revenues from the toll collection business stood at ₹536 crore in the same month last year, IRB said in an exchange filing.

Of its 17 tolls, the IRB MP Expressway in Maharashtra contributed the major share of ₹159.5 crore to the total revenue collection in April, up from the ₹152.6 crore contribution in May 2024.

With ₹73 crore, IRB Golconda Expressway (Hyderabad ORR) was the second largest contributor to the revenues in May 2025, up from ₹62.7 crore last year.

The contribution of IRB Ahmedabad Vadodara Super Express Tollway rose to ₹68.7 crore from ₹64.5 crore in May 2024, which is the third largest in the aggregate toll collection, it said.

Last year, the company added the TOT-12 project Lalitpur Lakhnadon NH44 and collected ₹37.5 crore in toll revenue, higher than the ₹35.5 crore a year ago.

"The y-o-y toll revenue growth of 9% can be primarily attributed to the vacation season across the country. While pre-monsoon rains did have some minor impact on traffic volumes during the latter half of the month, the overall momentum remains strong," its Deputy CEO Amitabh Murarka said.

This sustained growth trajectory is encouraging and is expected to continue in the coming months, supported by the addition of approximately 4.5 lakh new commercial and passenger vehicles across India in May 2025, along with the expected completion of a few ongoing projects within our portfolio, he said.

IRB is India's first integrated infrastructure player in the highways segment.

It is the country's largest integrated private toll roads and highways infrastructure developer, with an asset base of over ₹80,000 crore in 12 states.

On Monday, shares of IRB Infrastructure settled at ₹53.18 apiece, surging 2.96% on the National Stock Exchange.

Over the last five trading days, IRB Infrastructure shares gained almost 3%, while for a month’s period, the stock soared 18%.

Since December 9, 2024, which is six months, shares of the firm have lost 10.5%.

Year-to-date, IRB Infrastructure shares have declined over 10%.

The company’s market capitalisation stands at ₹32,115.40 crore.

Shares of the firm had touched its one-year high of ₹78.15 apiece on June 7, 2024, while its 52-week low of ₹40.96 was hit on April 7, 2025.