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IRB Infra Rises as Toll Collection Jumps 39% YoY in Last Month

Picture Source: Internet

After the gross toll collection of the company hit a high at 39.25% to Rs 365.95 crore in November 2022, compared with Rs 262.81 crore reported in the same period of last year, then IRB Infrastructure Developers rose 2.6% to Rs 284.30.

During October, the company’s gross toll collection hit a high at 6.04% as compared to Rs 345.09 crore. On November 22, the wholly owned subsidiary of IRB Infra’s gross toll collection was Rs 179.16 crore.

The multinational infrastructure company is in the segment of the highway. In India, the integrated private toll roads and highways infrastructure developer has an asset base of over Rs 60,000 crore in ten states.

The company’s net profit hit a high of 101.63% to Rs 85.31 crore on an 8.35% fall in net sales to Rs 1342.95 crore in the second quarter of FY23 over the second quarter of FY22.

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