IRB Infrastructure Developers and its sponsored InvITs reported a 9% year-over-year toll revenue growth for October 2025, reaching ₹682 Crs compared to ₹624 Crs in October 2024. The toll revenue will now include figures for the Public InvIT entity, following an additional investment of ₹753 Crs by IRB Infra. This investment is part of an Asset Rotation Strategy.
Toll Revenue Growth
IRB Infrastructure Developers Limited and its sponsored Infrastructure Investment Trusts, including IRB InvIT Fund (Public InvIT) and IRB Infrastructure Trust (Private InvIT), have collectively demonstrated a robust toll revenue growth of approximately 9% for October 2025. The total revenue reached ₹682 Crs, surpassing the ₹624 Crs recorded in October 2024.
Inclusion of Public InvIT
Starting October 2025, the toll revenue press release will incorporate toll numbers for the Public InvIT entity. This change follows an investment of ₹753 Crs by IRB Infra through preferential allotment in a recent fund raise by Public InvIT in November 2025. This investment is part of an Asset Rotation Strategy, which involved transferring three Private InvIT Assets to the Public InvIT.
Management Commentary
Mr. Amitabh Murarka, Dy. CEO of IRB Infra, stated, “After a strong performance in the first half of FY26, the third quarter has also commenced on a positive trajectory. October 2025 witnessed robust toll revenue growth across all our assets under IRB Infra and our two sponsored InvITs, despite the impact of an extended monsoon. With the extended monsoon season now behind us, we expect the momentum in traffic growth to continue in the coming months.”
Toll Collection Details
The following table presents the toll collection details, broken down by Project and SPV:
| Company Name | October 2025 (₹ In Mn) | October 2024 (₹ In Mn) |
|---|---|---|
| IRB MP Expressway Pvt Limited | 1,505 | 1,426 |
| IRB Ahmedabad Vadodara Super Express Tollway Pvt. Limited | 730 | 662 |
| CG Tollway Limited | 339 | 327 |
| Udaipur Tollway Limited | 277 | 264 |
| Palsit Dankuni Tollway Private Limited | 199 | 123 |
| AE Tollway Limited | 245 | 223 |
| Yedeshi Aurangabad Tollway Limited | 262 | 200 |
| IRB Hapur Moradabad Tollway Limited* | 337 | 291 |
| Kaithal Tollway Limited* | 123 | 116 |
| Kishangarh Gulabpura Tollway Limited* | 231 | 210 |
| IRB Westcoast Tollway Limited | 124 | 119 |
| Solapur Yedeshi Tollway Limited | 128 | 98 |
| IRB Golconda Expressway Private Limited | 738 | 670 |
| Samakhiyali Tollway Private Limited | 120 | 127 |
| IRB Lalitpur Tollway Private Limited | 360 | 360 |
| IRB Kota Tollway Private Limited | 54 | 71 |
| IRB Gwalior Tollway Private Limited | 108 | 109 |
| IRB Tumkur Chitradurga Tollway Limited | 402 | 382 |
| IRB Pathankot Amritsar Toll Road Limited | 149 | 73 |
| IRB Jaipur Deoli Tollway Limited | 159 | 168 |
| M.V.R. Infrastructure & Tollways Limited | 149 | 147 |
| IRB Talegaon Amaravati Tollway Limited | 77 | 75 |
| Total | 6,816 | 6,241 |
*Transferred with effect from November 1, 2025 to Public InvIT
Source: BSE
