IRB Infrastructure and IRB Infrastructure Trust Maintain Growth Momentum Entering FY25

IRB Infrastructure Developers Limited (IRB Infra), India’s leading developer of multi-modal transport infrastructure, and its associate, IRB Infrastructure Trust (IndInfraTrust), India’s largest Infrastructure Investment Trust, have commenced the new financial year (FY25) on a positive note. Both companies reported a solid 29% year-on-year (YoY) growth in toll revenue for April 2024, the first month of FY25.

This translates to a combined toll collection of ₹503 crore in April 2024, compared to ₹388 crore collected in the same month of the previous year (April 2023). This impressive performance signifies the continuation of the strong growth trajectory witnessed by both IRB Infra and IndInfraTrust.

Contributing Factors to Revenue Surge

The surge in toll revenue can partly be attributed to the recent addition of TOT 12 and TOT 13 assets to IRB Infra’s portfolio. These new assets, acquired under the Toll Operate Transfer (TOT) model, have begun contributing to the monthly toll collection figures, bolstering overall revenue generation.

Building on a Year of Strong Performance

It’s important to note that this positive development comes from a successful FY24 for both IRB Infra and IndInfraTrust. The company and its associate Private InvIT (Infrastructure Investment Trust) achieved a notable 24% growth in toll revenue during FY24 compared to the previous year.

Looking Forward

IRB Infra and IndInfraTrust’s impressive performance in April 2024 underscores their commitment to long-term growth and financial stability. The successful integration of the newly acquired TOT assets and the continued robust performance across their existing portfolio position both entities for a successful FY25. This positive start signifies IRB Infra and IndInfraTrust’s position as key players in India’s evolving infrastructure development landscape.

“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,” said Shri Amitabh Murarka, Dy. CEO, IRB Infrastructure Developers Limited.

On May 07, 2024, the IRB Infrastructure Developers’ share price opened at ₹67.81 and touched the day low of ₹66.80 at 09:35 AM.

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