IRB Infrastructure Developers Ltd. and IRB Infrastructure Trust have reported a significant 35% year-on-year growth in toll revenue for the month of June 2024. This led to a strong quarterly performance with toll revenue of ₹1,556 Crore in Q1 of FY25, a 32% rise from the same period last year. The company's Deputy CEO, Amitabh Murarka, predicts a continued upward trend in toll collections due to recent tariff revisions. IRB Infrastructure is India's largest integrated transport infrastructure developer, playing a crucial role in the country's development.
Background
IRB Infrastructure Developers Ltd. (IRB) is India's leading integrated transport infrastructure developer. With a portfolio spanning highways, bridges, and solar power projects, the company plays a significant role in India's infrastructure development. IRB Infrastructure Trust (InvIT) is a publicly traded REIT sponsored by IRB that invests in road assets.
Toll Revenue Growth
In June 2024, IRB and IRB InvIT reported an impressive 35% year-on-year increase in toll revenue. This growth was driven by a rise in traffic volume and recent tariff revisions. The total toll revenue for Q1 of FY25 reached ₹1,556 Crore, a 32% increase compared to the same quarter last year.
Quarterly Performance
The strong toll revenue growth contributed to a solid quarterly performance for IRB. The company achieved a 30% increase in revenue and a 28% growth in EBITDA during Q1 of FY25. IRB's Deputy CEO, Amitabh Murarka, expressed optimism about the company's future performance, citing continued growth in toll collections.
Key Highlights
Top 5 FAQs
1. What factors contributed to the surge in toll revenue? A: Increased traffic volume and recent tariff revisions.
2. How does IRB Infrastructure Trust (InvIT) contribute to the company's performance? A: IRB InvIT invests in road assets, providing additional revenue streams.
3. What is the company's outlook for future performance? A: Positive, driven by continued growth in toll collections.
4. What are some of the company's key projects? A: Kollam Bypass National Highway, Surat-Dahisar Highway, and Ambala-Kaithal Elevated Corridor.
5. How does IRB Infrastructure contribute to India's development? A: By providing critical infrastructure that connects people, businesses, and regions.
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