Promising Start of FY25 for IRB Infra and the IRB Infrastructure Trust Reports Stellar Performance In Financial Results FY24

  • April 2024 aggregate Toll Revenue of both entities rises 29% Y-o-Y (Rs. 503 Crs in April 2024 vs Rs.388 Crs in April 2023)
  • Newly added TOT 12 and TOT 13 Assets start contributing to the monthly toll collection 
  • Company and its Associate Private InvIT had registered robust toll revenue growth of 24% in FY24 over previous year

MUMBAI, 7 MAY, 2024 (TGN): IRB Infrastructure Developers Limited, India’s leading and the largest integrated multi-national transport infrastructure developer in the highways sector and its associate IRB Infrastructure Trust, India’s largest Infrastructure Investment Trust, have started the new Financial Year 2025 on the promising note, as they have collectively reported Y-o-Y toll revenue growth of 29% in the very first month of the new financial year, i.e., April 2024.

Both the entities have reported aggregate toll collection of Rs. 503 Crs for the month under review, i.e., April 2024, against Rs. 388 Crs in April 2023.

Commenting on this, Shri Amitabh Murarka, Dy. CEO, IRB Infrastructure Developers Limited said, “After witnessing 24% growth in toll collection in FY24 over the previous year, to have a robust growth of 29% at the start of the new year looks to be much promising. Considering the GDP projections; the Govt.’s focus on the infrastructure development for the Nation, especially on the roads and highways segment and the abundant opportunities coming up in the sector thereof, which the Company looks at, we sincerely feel that the toll collection momentum will have an upward trend in FY25.” 

The toll collection details Project and SPV wise are as follows:

Sr. No Company Name April 2024

(Rs. in Mn)

April 2023

(Rs. in Mn)

Operational days 30 30
1 IRB MP Expressway Pvt Limited

(Mumbai Pune Expressway & Old Mumbai Pune Highway NH4)

1,407 1,372
2 IRB Ahmedabad Vadodara Super Express Tollway Pvt. Limited

(Ahmedabad Vadodara Expressway NE1 and Highway NH48)

592 573
3 CG Tollway Limited

(Chittorgarh to Gulabpura NH79)

297 317
4 Udaipur Tollway Limited

(Udaipur to Shamlaji NH48)

255 232
5 Palsit Dankuni Tollway Private Limited

(Palsit to Dankuni NH19)

142 154
6 AE Tollway Limited

(Agra to Etawah NH19)

203 191
7 Yedeshi Aurangabad Tollway Limited

(Yedeshi to Aurangabad NH211)

177 230
8 IRB Hapur Moradabad Tollway Limited

(Hapur to Moradabad NH 9)

258 243
9 Kaithal Tollway Limited

(Kaithal to Rajasthan Border NH152/65)

113 124
10 Kishangarh Gulabpura Tollway Limited

(Kishangarh to Gulabpura NH79A & NH79)

185 209
11 IRB Westcoast Tollway Limited

(Karwar to Kundapura NH66)

112 120
12 Solapur Yedeshi Tollway Limited

(Solapur to Yedeshi NH211)

93 120
13 IRB Golconda Expressway Private Limited

(Hyderabad Outer Roing Road)

14 Samakhiyali Tollway Private Limited

(Samakhiyali to Santalpur NH27)

15 IRB Lalitpur Tollway Private Limited

(Lalitpur Lakhnadon NH44 – TOT 12)

16 IRB Kota Tollway Private Limited

(Kota Bypass – TOT 13)

17 IRB Gwalior Tollway Private Limited

(Jhansi Gwalior NH44 – TOT 13)

Total 5,028 3,884

To re-iterate, both the entities had reported robust toll collection growth of around 24% in FY24.

About IRB Infrastructure Developers Ltd:

IRB Infrastructure Developers Ltd (IRB) is India’s first Integrated Multi-National Transport Infrastructure Developer in Roads & Highways segment. The Company has acquired ISO Certification in Quality (ISO 9001); Environment Management (ISO 14001), Occupational Health and Safety (ISO 45001) and IT Security (ISO 27001) from the ISOQAR, United Kingdom.

As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of approx. Rs.80,000 Crs. in 12 States across the parent company and two InvITs.

The Company has strong track record of constructing, tolling, operating, and maintaining around 18,500 lane Kms pan India in its existence of 25 years in India; of which 15,500 Lane Kms are under operations at present. The group commands a market share of around 38% in the TOT space. It also comprises 12% share in India’s North South highway connectivity.

After successfully completing 13 Concessions and handing over them to the nodal agencies, at present, IRB Group’s project portfolio (including Private and Public InvIT) has now 26 road projects that include 18 BOT, 4 TOT, and 4 HAM projects. ENDS (TGN)



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