June 2023 Toll Revenue of IRB Infra and its Private InvIT go up by 16% vs. June 2022

Marching ahead with the momentum built up in the first two months of Q1FY24, IRB Infrastructure Developers Limited, India's leading and the largest integrated multinational infrastructure player in the highways sector and its private InvIT, IRB Infrastructure Trust, have registered the toll revenue growth of 16% in the month of June 2023.

Company's toll collection for the month of June 2023 is Rs. 383 Crs, which was Rs.329 Crs in the corresponding month of FY23, i.e., June 2022.

With this, the aggregate toll revenue of both the entities for Q1FY24 goes up to Rs. 1,183 Crs from Rs. 1,000 Crs in the corresponding quarter of FY23; thus, registering the decent increase of 18% over last year.

Commenting on the occasion, Shri Amitabh Murarka, Deputy Chief Executive Officer of IRB Infrastructure Developers Limited said, "First quarter of FY24 looks much positive as an upward trend seen in aggregate toll revenue as compared to corresponding quarter of last fiscal. We expect similar momentum for rest of FY24."

Source : Equity Bulls

Keywords

IRBInfrastructureDevelopers IRBInfrastructureTrust InvIT TollRevenue June2023 Q1FY24