IRB Infrastructure Developers Ltd. achieved a record 28% year-on-year increase in gross toll collections for June 2026, reaching ₹8,078 million compared to ₹6,308 million in the same month last year. According to latest reports, the collections were recorded across the IRB Group, comprising IRB Infrastructure Developers, IRB Infrastructure Trust and IRB InvIT Fund. Deputy CEO Amitabh Murarka attributed this growth to sustained traffic expansion, tariff revisions and strategic asset additions, describing it as a testament to the strength and resilience of the business model. The company's stock responded positively to the strong performance, with shares rising 1.80% to ₹20.35 following the announcement.
The robust June performance follows a healthy fourth quarter for IRB Infrastructure. As reported by CNBC TV18, the company reported a 38% year-on-year increase in net profit to ₹296.2 crore for Q4 FY26 from ₹214.7 crore a year earlier. While revenue declined 10.3% to ₹1,927 crore, EBITDA rose 8.6% to ₹1,083 crore and margins expanded significantly to 56.2% from 46.4%. The company also reported a 37.97% year-on-year rise in consolidated net profit to ₹296.26 crore in Q4 FY26, compared with ₹214.72 crore posted in the corresponding quarter last year.
The strong June performance was significantly boosted by the commencement of toll operations at three new projects. IRB Harihara Corridors Private Limited began operations on January 23, 2026, while IRB Chandibhadra Tollway Private Limited and Meerut Budaun Expressway Private Limited started collections on April 1, 2026, and May 17, 2026, respectively. Additionally, assets acquired on November 1, 2025, contributed to the comparative figures. IRB MP Expressway Pvt Limited led the collection with ₹1,666 million, followed by IRB Golconda Expressway Private Limited at ₹826 million and IRB Ahmedabad Vadodara Super Express Tollway Private Limited at ₹761 million.
Looking ahead, IRB Infrastructure expects toll revenues to remain its primary growth driver in FY27. The company currently manages 28 revenue-generating highway assets with an enterprise value of approximately ₹940 billion across 13 states. As per latest reports, the company aims to expand its asset base to approximately ₹1,400 billion by FY2029 through asset churn and reinvestment strategies. The trust recently signed a binding term sheet to transfer two major build-operate-transfer (BOT) projects with an enterprise value of ₹4,605 crore to the listed IRB InvIT Fund, as part of its capital recycling strategy to replenish funds for future acquisitions and infrastructure developments.
Despite the strong operational performance, shares of IRB Infrastructure closed 2.25% lower at ₹20.02 on the NSE on Wednesday, as reported by CNBC TV18. However, the stock recovered positively following the June toll collection announcement, with shares rising 1.80% to ₹20.35. The mixed market reaction occurred despite the company's record toll collection figures and positive growth projections for the upcoming fiscal year. Industry analysts observe that the trust's ability to maintain revenue growth despite macroeconomic challenges is a testament to its diversified project portfolio and effective traffic management across existing highway assets.
