Synopsis: Shares of this infra stock gained 4% after it reported a 25% year-on-year rise in May 2026 toll revenue to Rs. 843 crore, driven by strong traffic growth and contributions from newly operational highway assets.
The shares of this infrastructure development and construction company in India, with extensive experience in the roads and highways sector, are in the spotlight after it rose by 4 per cent in today’s market session following its report of toll revenue growth.
With a market capitalisation of Rs. 25,073 cr, the shares of IRB Infrastructure Developers Ltd were trading at Rs. 20.76 per share, jumping 4% in today’s market session, making a high of Rs. 21.50, up from its previous close of Rs. 20.67 per share.
Toll Revenue growth
IRB Group, comprising IRB Infrastructure Developers Limited and its sponsored InvITs, reported a strong 25% year-on-year increase in toll revenue for May 2026. The Group’s toll collections rose to Rs. 843 crore (Rs. 8,427 million) compared with Rs. 672 crore (Rs. 6,725 million) in May 2025, reflecting continued growth in traffic volumes across its operational road assets.
Growth Driven by Traffic Expansion and New Assets
The company attributed the strong performance to sustained traffic growth across its portfolio and contributions from newly operational toll road projects. Despite inflationary pressures and ongoing geopolitical uncertainties, traffic movement remained robust, supporting higher toll collections across most corridors.
Commenting on the performance, Amitabh Murarka, Deputy CEO of IRB Infrastructure Developers Limited, stated that the growth reflects the resilience of India’s economy and the positive impact of newly commissioned assets. He expressed confidence in maintaining the growth momentum in the coming months.
Mumbai-Pune Expressway Remains the Largest Contributor
The Mumbai-Pune Expressway and Old Mumbai-Pune Highway (NH-4) continued to be IRB Group’s largest revenue-generating asset, reporting toll collections of Rs. 176.2 crore in May 2026, compared to Rs. 159.5 crore in the corresponding month last year. The corridor maintained its position as the Group’s top contributor, supported by strong traffic volumes.
Among other key assets, the Ahmedabad-Vadodara Expressway and NH-48 generated Rs. 83.8 crore, up from Rs. 68.7 crore, while the Hyderabad Outer Ring Road contributed Rs. 82.6 crore against Rs. 73.0 crore a year ago. The Lalitpur-Lakhnadon NH-44 (TOT-12) project reported toll revenue of Rs. 44.0 crore, compared to Rs. 37.5 crore, and the Tumkur-Chitradurga NH-48 corridor recorded Rs. 39.2 crore, up from Rs. 37.7 crore in May 2025.
The strong toll revenue growth in May 2026 highlights IRB Group’s expanding asset base and resilient traffic demand across its road infrastructure portfolio. With newly operational projects beginning to contribute meaningfully and established corridors continuing to witness traffic growth, the Group remains well-positioned to sustain revenue momentum in the coming quarters.
IRB Group is one of India’s largest integrated infrastructure asset platforms in the roads and highways sector. Its portfolio comprises 28 operational, revenue-generating highway assets with a combined value of approximately Rs. 940 billion, spread across 13 states.
Handling nearly 1.5 million vehicle crossings each day, the Group contributes close to 10% of the country’s total toll revenue, making it a key player in India’s transportation infrastructure landscape.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
