IRB Infrastructure Developers surges to ₹20.60 on Thursday, gaining as much as 8%, after the company posted a sharp rise in its August toll collections.

The reason behind the jump is fairly straightforward. IRB reported gross toll revenue of ₹807 crore for August, up 25% from ₹646 crore in the same month last year.

Two of its biggest highway assets led this growth. IRB MP Expressway, which runs the Mumbai-Pune Expressway and the old Mumbai-Pune highway, brought in ₹172.1 crore in August, up from ₹144.7 crore a year ago.

The Ahmedabad-Vadodara stretch added ₹80.3 crore, compared to ₹69.1 crore last year. Not every road performed the same way, though.

Among the group’s private InvIT assets, 10 showed higher revenue this August, one stayed flat, one declined, and a few newer projects had no prior year data to compare against since they only started collecting tolls recently.

A similar mixed picture showed up in the public InvIT segment too. IRB Tumkur Chitradurga Tollway saw the strongest jump there, while Kishangarh Gulabpura and Hapur Moradabad tollways both reported lower revenue than last year.

Deputy CEO Amitabh Murarka pointed to steady traffic growth and a tariff revision that kicked in at the start of this financial year as the main drivers.

He added that with GDP growth holding up and the festive season starting around Ganesh Chaturthi, the company expects this momentum in toll collections to continue over the next few months.

According to sources, this comes on the back of a strong June quarter too, where IRB’s consolidated net profit rose sharply year on year to ₹306.27 crore, while net sales grew a more modest 1.82% to ₹2,137.27 crore.

Zooming out, the stock has stayed largely flat over the past month, but Thursday’s toll numbers appear to have given it fresh momentum.

As of 12:16 pm, IRB Infrastructure Developers was trading at ₹19.60 on the NSE, up 2.78% for the day, not far from its 52-week high of ₹23.95 touched in May.

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