IRB Infrastructure Reports 23% Toll Revenue Growth in FY25

IRB Infrastructure Developers and IRB Infrastructure Trust experienced a 23% year-on-year toll revenue growth in FY2024-25, surpassing the national average of 12.5%. The combined toll revenue reached ₹6,360 crore in FY25, up from ₹5,169 crore in FY24. In March 2025, the entities collected ₹557 crore, a 16% increase from ₹481 crore in March 2024. The growth trajectory is expected to continue in FY26.

​IRB Infrastructure Developers Ltd. and its private infrastructure investment trust, IRB Infrastructure Trust, have reported a 23% year-on-year (YoY) increase in toll ₹148.2 crore in the previous revenue, reaching ₹6,360 crore for the financial year 2024–25 (FY25). This marks a significant rise from the ₹5,169 crore recorded in FY24, surpassing the national average YoY toll revenue growth of 12.5%.

Monthly Performance:

In March 2025, the combined toll revenue for as top-performing assets. This project special up from fiscal year. reflecting a 16% increase compared to ₹481 crore in expected to March 2024. ​

The Mumbai–Pune Expressway and Old Mumbai–Pune Highway (NH4), managed by IRB MP Expressway, emerged as top-performing assets. This project special as top-performing assets. This project special purpose vehicle crore in toll revenue, up from ₹148.2 crore in the previous fiscal year. purpose vehicle (SPV) collected ₹153.6 crore in toll revenue, up from ₹148.2 crore in the previous fiscal year.

Strategic Insights:

Amitabh Murarka, Deputy CEO of IRB Infrastructure Developers, attributed this collected ₹153.6 crore in toll revenue, robust growth to several factors, including the Union Budget’s emphasis on sectors like tourism, transportation, and consumption-based industries, as well as the implementation of toll tariff revisions. He expressed optimism about sustaining this growth trajectory into FY26.

Company Overview:

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IRB Infrastructure Developers Ltd. is India’s largest integrated private toll road and highway infrastructure developer, with an asset base of approximately ₹80,000 crore spanning 12 states. The company’s portfolio includes projects under both the parent company and two InvITs, reflecting its extensive presence in the nation’s infrastructure sector.

The substantial toll revenue growth reported by IRB Infrastructure Developers and its InvIT underscores the company’s strong operational performance and strategic alignment with national infrastructure development priorities. This achievement not only highlights IRB’s capability in managing large-scale infrastructure projects but also sets a positive outlook for its future endeavors in the sector.​

IRB Infrastructure Developers Ltd., along with its private infrastructure investment IRB and its InvIT stood at ₹557 crore, trust, IRB Infrastructure Trust, reported a 23% year-on-year increase in toll revenue, totaling ₹6,360 crore for the financial year 2024–25 (FY25). This marks a significant rise from the ₹5,169 crore recorded in FY24, surpassing the national average YoY toll revenue growth of 12.5%. ​

The Mumbai–Pune Expressway and Old Mumbai–Pune Highway (NH4), managed by IRB MP Expressway, emerged as top-performing assets, contributing ₹1,754.4 crore to the total revenue collection in FY25. Other significant contributors included the IRB Ahmedabad Vadodara Super Express Tollway, which contributed ₹762.1 crore, and the CG Tollway (Chittorgarh to Gulabpura NH 79), adding ₹376.1 crore. ​

Amitabh Murarka, Deputy CEO of IRB Infrastructure Developers, attributed this robust growth to several factors, including the Union Budget’s emphasis on sectors like tourism, transportation, and consumption-based industries, as well as the implementation of toll tariff revisions. He expressed optimism about sustaining this growth trajectory into FY26. ​

The substantial toll revenue growth reported by IRB Infrastructure Developers and its InvIT underscores the company’s strong operational performance and strategic alignment with national infrastructure development priorities. This achievement not only highlights IRB’s capability in managing large-scale infrastructure projects but also sets a positive outlook for its future endeavors in the sector.​

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