A solid start to FY2026 has been made by IRB Infrastructure Developers Ltd. and its Private Invite affiliate, IRB Infrastructure Trust, which together reported a 10% year-over-year increase in toll income for April 2025 In April 2025, total toll collections were ₹554 crore, up from ₹503 crore in the same month the previous IRB’s position.
IRB Infrastructure Developers Limited’s Dy. CEO, Shri Amitabh Muraoka, commented on this, saying, “FY25 ended with strong momentum, which continued into Apr 25 as reflected in 10% y-o-y growth in toll revenue.” This encouraging trend is anticipated to continue in FY26 given the state of the Indian economy overall and the execution.
As the biggest developer of integrated transport infrastructure in India strengthened by its consistent expansion budgetary provisions IRB Infrastructure Developers Ltd., India’s leading integrated highway infrastructure developer, has reported a 10% year-on-year (YoY) increase in toll revenue for April 2025, compared to all collecting.
Key Contributors to Revenue Growth
The IRB MP Expressway in Maharashtra was the largest contributor, generating ₹150.7 crore, up from ₹140.7 crore in April 2024. The IRB Ahmedabad Vadodara Super Express Tollway followed, with collections rising to ₹65.4 crore from ₹59.2 crore the previous year. The CG Tollway (Chittorgarh to Gulabpura NH 79).
Additional Project Contributions
Other notable contributors included ₹554 crore compared to ₹503 crore in April 2024 contributed ₹32.7 crore, up from ₹29.7 crore, while Udaipur Tollway Limited collected ₹27.2 crore, compared to ₹25.5 crore in April 2024 the overall performance of the Indian economy and the implementation budgetary provisions positive trend.
- IRB Golconda Expressway Private Limited (Hyderabad Outer Ring Road): ₹68.3 crore, up from ₹60.2 Agra to Etowah stretch on NH19): ₹22.1 crore, compared to ₹20.3 crore
- IRB Hamper Moradabad Tollway Limited: ₹30.1 crore, up from ₹25.8 crore
- Tedeschi to Aurangabad project: ₹20.6 crore, compared to ₹17.7 crore
- Keitha to Rajasthan Border route: ₹11.9 crore, marginally higher than ₹11.3 crore.
Company Outlook
Amitabh Muraoka, Deputy CEO of IRB Infrastructure Developers Ltd, “FY25 concluded with robust momentum, which continued into April 2025, as reflected in 10% YoY growth in toll revenues. Given the overall performance of the Indian economy and the implementation of budgetary provisions, this positive trend.
The increase in toll revenue is attributed to strong operational performance across IRB’s diverse portfolio of highway projects spanning multiple Indian states. Robust economic activity, infrastructure upgrades, and stable vehicle movement patterns have helped boost toll collections despite broader macroeconomic uncertainties.
Key Projects Driving Growth
The IRB MP Expressway Ltd., which operates a key stretch in Maharashtra, emerged as the top revenue generator. It recorded toll collections of ₹150.7 crore in April 2025, compared to ₹140.7 crore in the same month last year — an impressive 7% increase Similarly, posted collections of ₹65.4 crore, growing from ₹59.2 crore YoY.
- CG Tollway (Chittorgarh to Gulabpura) – ₹32.7 crore (up from ₹29.7 crore)
- Udaipur Tollway Ltd. – ₹27.2 crore (up from ₹25.5 crore)
- IRB Golconda Expressway (Hyderabad ORR) – ₹68.3 crore (up from ₹60.2 crore)
- AE Tollway (Agra to Etawah stretch on NH-19) – ₹22.1 crore (up from ₹20.3 crore)
- IRB Hapur Moradabad Tollway Ltd. – ₹30.1 crore (up from ₹25.8 crore)
- Yedeshi–Aurangabad stretch – ₹20.6 crore (up from ₹17.7 crore)
- Keitha–Rajasthan Border project – ₹11.9 crore (up from ₹11.3 crore)
Strategic Outlook
IRB Infar’s Deputy CEO, Amitabh Muraoka, commented on the performance, stating, “We are pleased to begin FY26 with double-digit growth in toll revenue, reflecting the strong fundamentals of our asset portfolio and the resilience of India’s IRB Infra is India’s largest private toll road operator, managing over 24 highway projects across.
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