Shares of IRB Infrastructure gained 4% during the intraday trade session on 11 September after the company’s toll revenue surged 24% to Rs 417 crore.
The company reported a toll revenue of Rs 417 crore for the month of August, which is a 24% YoY increase in revenue from Rs 336 crore reported in the same month last year.
The Mumbai-based highway developer’s wholly owned subsidiary that manages the Mumbai Pune project and Ahmedabad Vadodara project reported a total toll revenue of Rs 198 crore, which is 20% up.
The Joint venture entities under IRB Infrastructure Trust, Private invIt reported a total toll revenue of Rs 219 crore, up by 28% YoY.
The company’s stock has risen by 32% in the last month, Whereas the stock has just given a return of 21% over the previous 6 months.
At 3:15 pm, the shares of IRB Infrastructure were trading at Rs 34.15 or 2.09% above its previous close on NSE.