IRB Infrastructure toll revenue up 25% to ₹8,074 million in August 2026
- Gross toll revenue rose 25% YoY to ₹8,074 million in August 2026
- Growth driven by sustained traffic and tariff revisions in FY27
- Wholly-owned subsidiaries led contributions with ₹1,721 million from MP Expressway
- Three new projects added revenue without prior year comparisons

*this image is generated using AI for illustrative purposes only.
IRB Infrastructure Developers reported gross toll revenue of ₹8,074 million (₹807.4 crore) for August 2026, marking a 25% rise YoY from ₹6,462 million in August 2025.
Toll revenue performance
The following table summarises the YoY comparison of toll revenue for August 2026:
| Metric | August 2026 | August 2025 | Change |
|---|---|---|---|
| Toll revenue | ₹8,074 million | ₹6,462 million | +25% YoY |
The 25% YoY increase reflects an absolute gain of ₹1,612 million over the prior year figure. Dy. CEO Amitabh Murarka attributed the performance to sustained traffic growth across assets and tariff revisions implemented at the start of FY27.
Project-wise breakdown
Revenue contributions were led by wholly-owned subsidiaries, with IRB MP Expressway Private Limited generating ₹1,721 million and IRB Ahmedabad Vadodara Super Express Tollway Private Limited contributing ₹803 million. The IRB Infrastructure Trust (Private InvIT) portfolio saw significant inflows from IRB Golconda Expressway Private Limited (₹879 million) and IRB Harihara Corridors Private Limited (₹417 million), which commenced toll collection in January 2026.
| Entity Type | Key Contributors (August 2026) | Revenue (₹ million) |
|---|---|---|
| Wholly-owned Subsidiaries | IRB MP Expressway Private Limited | 1,721 |
| IRB Ahmedabad Vadodara Super Express Tollway Private Limited | 803 | |
| Private InvIT | IRB Golconda Expressway Private Limited | 879 |
| IRB Harihara Corridors Private Limited | 417 | |
| Public InvIT | IRB Tumkur Chitradurga Tollway Limited | 384 |
| Kishangarh Gulabpura Tollway Limited | 225 |
Three new projects contributed to the August 2026 total without prior year comparisons: IRB Harihara Corridors Private Limited (₹417 million), IRB Chandibhadra Tollway Private Limited (₹200 million), and Meerut Budaun Expressway Limited (₹226 million). Conversely, IRB Hapur Moradabad Tollway Limited declined to ₹223 million from ₹289 million in August 2025.
Historical Stock Returns for IRB Infrastructure Developers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.80% | -5.71% | -10.85% | -23.22% | -17.48% | +66.99% |
How sustainable is the 25% YoY growth trajectory given the one-time impact of new project commissions in FY27?
What is the expected timeline for IRB Hapur Moradabad Tollway to recover from its recent revenue decline?
Will the tariff revisions implemented at the start of FY27 face regulatory pushback or consumer resistance in upcoming quarters?


































