IRB Infrastructure Developers Limited has informed the Exchange regarding 'Project-wise toll revenue for the Month of May 2025'.
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IRB Infrastructure Developers and its associated IRB Infrastructure Trust (InvIT) reported a combined toll revenue of Rs. 581 crore in May 2025, up from Rs. 536 crore in May 2024, marking an 8.53% year-on-year growth. The increase was driven by 15 of the 17 toll projects reporting higher collections, with IRB MP Expressway (Rs. 159.5 crore) and IRB Golconda Expressway (Rs. 73 crore) being the top earners. Only one project, IRB Kota Tollway, posted a small dip (Rs. 5.9 crore vs Rs. 6.1 crore). Management attributed the growth to the vacation season, despite some pre-monsoon traffic disruption, and pointed to the addition of roughly 4.5 lakh new commercial and passenger vehicles on Indian roads in May 2025.
Consistent month-on-month toll revenue growth signals steady traffic volumes across IRB's highway portfolio, which is positive for cash flows and InvIT distributions. Shareholders may view this as a sign of operational stability, though the update is routine and already largely priced in.