IRB Group reported a 12% year-over-year increase in aggregate toll revenue for December 2025. The total toll revenue for IRB Infrastructure Developers and its two InvITs reached ₹754 Crs, compared to ₹675 Crs in December 2024. The company anticipates continued growth driven by strong traffic and new projects.
Strong Toll Revenue Growth
IRB Group, a leading infrastructure developer, announced a 12% year-over-year growth in aggregate toll revenue for December 2025. This includes the parent company, IRB Infrastructure Developers Limited, and its two Infrastructure Investment Trusts (InvITs).
Key Financial Highlights
The aggregate toll revenue for all three entities reached ₹754 Crs in December 2025, up from ₹675 Crs in December 2024. This growth reflects consistent traffic increases and strong economic activity.
Management Commentary
Mr. Amitabh Murarka, Dy. CEO of IRB Infra, stated that the company continues to see strong traffic growth driving robust toll revenue. He anticipates further acceleration in toll revenue momentum with new projects coming online.
Project-Wise Toll Revenue Details
Wholly-Owned Subsidiaries:
- IRB MP Expressway Pvt Limited: ₹1,703 Mn
- IRB Ahmedabad Vadodara Super Express Tollway Private Limited: ₹841 Mn
- CG Tollway Limited: ₹372 Mn
- Udaipur Tollway Limited: ₹302 Mn
- Palsit Dankuni Tollway Private Limited: ₹271 Mn
- AE Tollway Limited: ₹252 Mn
- Yedeshi Aurangabad Tollway Limited: ₹263 Mn
- IRB Westcoast Tollway Limited: ₹152 Mn
- Solapur Yedeshi Tollway Limited: ₹141 Mn
IRB Infrastructure Trust (Private InvIT):
- IRB Golconda Expressway Private Limited: ₹788 Mn
- Samakhiyali Tollway Private Limited: ₹143 Mn
- IRB Lalitpur Tollway Private Limited: ₹400 Mn
- IRB Kota Tollway Private Limited: ₹69 Mn
- IRB Gwalior Tollway Private Limited: ₹117 Mn
- IRB Tumkur Chitradurga Tollway Limited: ₹438 Mn
- IRB Pathankot Amritsar Toll Road Limited: ₹146 Mn
- IRB Jaipur Deoli Tollway Limited: ₹189 Mn
IRB InvIT Fund (Public InvIT):
- M.V.R. Infrastructure & Tollways Limited: ₹167 Mn
- IRB Talegaon Amaravati Tollway Limited: ₹89 Mn
- IRB Hapur Moradabad Tollway Limited*: ₹316 Mn
- Kaithal Tollway Limited*: ₹133 Mn
- Kishangarh Gulabpura Tollway Limited*: ₹246 Mn
*Assets acquired effective from November 1, 2025
About IRB Infrastructure Developers Limited
IRB Infrastructure Developers Ltd. is a leading infrastructure developer in India with a track record of constructing, tolling, and maintaining approximately 20,500 Lane Kms across the country. With an asset base of around ₹94,000 Crs, the company has a significant presence in the toll roads sector.
Source: BSE
