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IRB Infrastructure and Developers recorded a 12 per cent year-on-year rise in toll revenue in December 2025, reflecting consistent traffic growth across its national highway and expressway assets. Total toll collections for the month stood at INR 754 crore, driven by strong performance from key road projects in Maharashtra, Gujarat and Telangana. The company's revenue momentum was supported by steady economic activity and increased vehicle movement, reinforcing the resilience of toll-based infrastructure assets. Alongside the improved monthly performance, IRB has continued to expand its portfolio through asset acquisitions, including a recently secured toll-operate-transfer project in Odisha. This expansion is expected to further strengthen its revenue base and support long-term growth. With a large and diversified asset portfolio spread across multiple states, the company remains well positioned to benefit from sustained infrastructure usage and traffic recovery trends.
IRB Infrastructure and Developers posted a 12 per cent year-on-year increase in toll revenue in December 2025, with collections rising to INR 754 crore compared to INR 675 crore in the same period last year. The growth highlights the company's ability to maintain steady revenue performance amid stable traffic conditions across its road network.
The toll revenue includes collections from the company's two infrastructure investment trusts IRB InvIT Fund and IRB Infrastructure Trust which together form a significant part of its operating portfolio. Consistent vehicle movement across major corridors helped support revenue growth during the month, reflecting sustained demand for road-based transport.
Among IRB's 24 operational assets, the IRB MP Expressway in Maharashtra emerged as the largest contributor, generating INR 170.3 crore in December 2025, up from INR 163.4 crore a year earlier. The IRB Ahmedabad-Vadodara Super Express Tollway followed as the second-largest contributor, recording toll collections of INR 84.1 crore, compared to INR 70.7 crore in December 2024.
The IRB Golconda Expressway, which forms part of the Hyderabad Outer Ring Road, ranked third in terms of contribution, with toll revenue increasing to INR 78.8 crore from INR 71.3 crore in the same month last year. Together, these key assets continued to underpin the company's overall toll revenue performance.
Management attributed the revenue growth to consistent traffic momentum and broader economic expansion, which supported higher vehicular movement across highways and expressways. The company highlighted that its diversified asset base has helped mitigate volatility and maintain stable cash flows.
In addition to its operational performance, IRB recently secured a toll-operate-transfer project in Odisha with an upfront consideration of INR 3,087 crore, marking its entry into the state. The acquisition is expected to further enhance toll revenues in the coming years.
With an asset base of around INR 94,000 crore spread across 13 states, IRB remains one of the largest private toll road and highway infrastructure developers in the country, well positioned for long-term growth driven by infrastructure usage and asset monetisation.
Source - PTI
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