IRB Infrastructure Developers Ltd reported robust toll revenue growth for February 2026, with the group achieving ₹746 crore in toll collections, representing a significant 22% year-on-year increase from ₹614 crore recorded in February 2025. According to reports from PTI, the aggregate toll revenue across the three entities rose approximately 22% year-on-year during the month. The toll collections include revenue generated by the group's entities — IRB Infrastructure Developers Limited and its two sponsored InvITs, IRB Infrastructure Trust, a listed private InvIT, and IRB InvIT Fund, a listed public InvIT. As per PTI, the newly added IRB Harihara Tollways (TOT 17) in Uttar Pradesh contributed its full month toll revenue of February 2026 at ₹52.8 crore.
IRB MP Expressway in Maharashtra contributed the major share of ₹148.2 crore to the total revenue collection in February 2026, up from ₹140.9 crore a year ago, as reported by PTI. The contribution of IRB Ahmedabad Vadodara Super Express Tollway rose to ₹79.7 crore in February 2026 from ₹63.9 crore year ago, which is the second largest in the total toll collection. With ₹73.7 crore, IRB Golconda Expressway (Hyderabad ORR) was the third largest contributor to the total revenue in February 2026, up from ₹65.2 crore last year. Of the total 24 toll assets, the performance demonstrates the diversified revenue base across multiple geographical locations.
Amitabh Murarka, Deputy CEO of IRB Infra, noted that robust traffic growth across assets and corresponding rise in toll revenue are encouraging, with collection trends for TOT-17 in line with bid estimates. According to PTI, Murarka stated that toll collection growth has strengthened from about 15% last month, and the company expects the upward momentum in toll revenues to continue in the coming months. The management highlighted the full-month contribution from the newly added IRB Harihara Corridor (TOT-17) as a significant positive factor in the revenue growth trajectory.
On Friday (March 6), shares of IRB Infrastructure Developers Ltd ended at ₹40.80, up by ₹0.42, or 1.04%, on the BSE, according to CNBC TV18. IRB is India's leading and largest private toll roads and highways concessionaire with an asset base of around ₹94,000 crore in 13 states, with a 44% share in awarded TOT space (Toll-Operate-Transfer), and around 16% share in the Golden Quadrilateral Project. The company's diversified asset portfolio across multiple states and its strong market position in the toll infrastructure sector continue to drive consistent revenue growth across its operational assets.
