IRB Infrastructure Trust reported gross toll revenue of Rs 4,050 million for June 2026, marking a 49% increase from Rs 2,717 million in the same period last year. The significant rise in collections was driven by the addition of new operational assets and improved performance across existing project SPVs. The trust, managed by MMK Toll Road Private Limited, disclosed the project-wise revenue figures in a regulatory filing.

The revenue surge was bolstered by the commencement of toll operations at three project SPVs during the current financial year. IRB Harihara Corridors Private Limited, which received its Appointed Date on January 23, 2026, contributed Rs 560 million. IRB Chandibhadra Tollway Private Limited, starting operations on April 01, 2026, added Rs 217 million. Meerat Budaun Expressway Limited, which began toll collection on May 17, 2026, recorded revenue of Rs 135 million.

Among the established assets, IRB Golconda Expressway Private Limited remained the largest contributor with Rs 826 million, up from Rs 704 million in June 2025. IRB Lalitpur Tollway Private Limited followed with Rs 422 million, compared to Rs 346 million in the previous year. Other key assets including CG Tollway Limited, Udaipur Tollway Limited, and Palsit Dankuni Tollway Private Limited also reported year-on-year growth.

The following table details the gross toll revenue for each project SPV for the month of June 2026 compared to June 2025:

*The Project SPV received Appointed Date on January 23, 2026 and started toll collection.

**The Project SPV received Appointed Date on April 01, 2026 and started toll collection.

***The Project SPV Commenced toll collection on the project w.e.f. May 17, 2026.

IRB Infrastructure Trust has sanctioned the refinancing of debt for six of its Project SPVs, drawing approximately Rs 5,530 crore to refinance debt for three specific entities. The Trust, rated AAA/Stable by CRISIL Ratings, has executed this financial restructuring to enhance unitholder returns by optimizing debt amortization and realizing tax benefits inherent in the InvIT structure. The strategic pooling of cashflows at the Trust level is expected to yield interest savings of approximately 160 basis points.

The six Project SPVs identified for the refinancing sanction include Palsit Dankuni Tollway Private Limited (PDTPL), Meerut Budaun Expressway Limited (MBEL), Samakhiyali Tollway Private Limited (STPL), IRB Lalitpur Tollway Private Limited (IRBLTPL), IRB Kota Tollway Private Limited (IRBKTPL), and IRB Gwalior Tollway Private Limited (IRBGTPPL). Of these, the Trust has drawn funds specifically for IRBLTPL, IRBKTPL, and IRBGTPPL.

Refinancing Details

The move to upstream project-level debt to the InvIT is designed to significantly improve cashflows available for unitholders. The restructuring leverages the InvIT structure to optimize tax benefits and debt amortization schedules.

Key Financial Metrics

The filing was submitted by Kaustubh Purushottam Shevade, Company Secretary and Compliance Officer, on behalf of MMK Toll Road Private Limited, the Investment Manager to IRB Infrastructure Trust.