IRB Infrastructure Developers Limited has informed the Exchange regarding 'Toll Revenue for the month of March 2026'.
IRB · price
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IRB Group reported toll revenue of Rs. 783 crores in March 2026, up about 21% year-on-year from Rs. 649 crores in March 2025, across 23 project SPVs. For the full financial year FY26, the group posted total toll revenue of Rs. 8,323 crores, claiming roughly 10% share of India's overall toll revenue of Rs. 82,900 crores. A new project, IRB Harihara Corridors, started toll collection from January 23, 2026, contributing Rs. 53.6 crores in March, and three additional assets were acquired by the Public InvIT in November 2025. Management highlighted the recent commissioning of a new TOT asset in Odisha and the expected commissioning of the Ganga Expressway in Uttar Pradesh as growth drivers for FY27. IRB is India's largest toll road concessionaire with 28 highway assets, around 17,500 lane kms, and an asset base of about Rs. 94,000 crores spread across 13 states.
Strong 21% YoY monthly growth and a 10% share of national toll revenue underline steady traffic and tariff performance, which is positive for the stock and the two listed InvITs (IRBINVIT and IRBIT). The addition of new assets and the upcoming Ganga Expressway provide visible growth catalysts into FY27.