IRB Infrastructure Developers Ltd. saw its shares rise by 3% on Wednesday after announcing a significant 26% year-on-year increase in gross toll revenue for October 2026. The company, a major player in India's highway sector, reported total toll collections of ₹836 crore for the month, a substantial jump from ₹664 crore recorded in October 2025.
This impressive growth, according to the IRB Group, is primarily attributed to stronger traffic movement across its extensive portfolio of highway assets. On Wednesday, the company's shares touched a high of ₹18.89, up from its previous close of ₹18.27.
Key Projects Drive Revenue Growth
The company's exchange filing, dated November 10, detailed that the gross toll revenue across its 24 project entities, which include wholly-owned subsidiaries, joint ventures, and Infrastructure Investment Trusts (InvITs), climbed to ₹835.6 crore from ₹663.5 crore in the corresponding month last year.
- IRB MP Expressway Private Ltd: Operating the crucial Mumbai-Pune Expressway and the old Mumbai-Pune Highway, this entity reported a robust toll revenue of ₹171.4 crore, an increase from ₹152 crore a year prior.
- IRB Ahmedabad Vadodara Super Express Tollway Private Ltd: Collections here reached ₹85.6 crore, up from ₹72.9 crore in October 2025.
- IRB Golconda Expressway Private Ltd: Managing the Hyderabad Outer Ring Road, this project generated ₹86.3 crore in toll revenue, compared to ₹73.8 crore in the year-ago period.
- Other significant contributors included IRB Lalitpur Tollway Private Ltd, with collections of ₹45.1 crore (up from ₹36 crore), and IRB Tumkur Chitradurga Tollway Ltd, which reported revenue of ₹40.3 crore (up from ₹35.8 crore).
Amitabh Murarka, Deputy CEO of IRB Infrastructure Developers, commented on the performance, stating,
“October recorded the highest month-on-month growth in toll revenue, reflecting stronger traffic movement across the group's highway assets spread over 13 states.”
The IRB Group boasts a formidable portfolio of 27 revenue-generating highway assets with an aggregate value of approximately ₹94,000 crore, spanning 13 states across India. These assets collectively facilitate around 1.5 million vehicle crossings daily, contributing nearly one-tenth of India's total toll revenue.