IRB InvIT Fund Reports 10% Y-o-Y Growth in March 2026 Toll Revenue
IRB InvIT Fund reported strong financial performance with gross toll revenue increasing 10% year-on-year to ₹1,694 million in March 2026 from ₹1,538 million in March 2025. All eight project SPVs contributed to growth, led by IRB Tumkur Chitradurga Tollway Limited at ₹421 million and IRB Hapur Moradabad Tollway Limited at ₹329 million. Three projects acquired in November 2025 have strengthened the portfolio's revenue-generating capacity.

*this image is generated using AI for illustrative purposes only.
IRB InvIT Fund has delivered strong financial performance in March 2026, reporting a 10% year-on-year increase in gross toll revenue across its portfolio of infrastructure projects. The fund's total toll collections reached ₹1,694 million in March 2026, marking substantial growth from ₹1,538 million recorded in March 2025.
Revenue Performance by Project SPVs
The fund's revenue growth was driven by consistent performance across all eight project Special Purpose Vehicles (SPVs). IRB Tumkur Chitradurga Tollway Limited emerged as the top revenue generator, collecting ₹421 million in March 2026 compared to ₹390 million in the previous year.
| Project Company | March 2026 (₹ million) | March 2025 (₹ million) | Growth |
|---|---|---|---|
| IRB Tumkur Chitradurga Tollway Limited | 421 | 390 | +7.9% |
| IRB Hapur Moradabad Tollway Limited | 329 | 286 | +15.0% |
| Kishangarh Gulabpura Tollway Limited | 238 | 214 | +11.2% |
| IRB Jaipur Deoli Tollway Limited | 180 | 157 | +14.6% |
| IRB Pathankot Amritsar Toll Road Limited | 157 | 143 | +9.8% |
| M.V.R. Infrastructure & Tollways Limited | 153 | 149 | +2.7% |
| Kaithal Tollway Limited | 129 | 117 | +10.3% |
| IRB Talegaon Amravati Tollway Limited | 87 | 82 | +6.1% |
| Total Revenue | 1,694 | 1,538 | +10.1% |
Portfolio Expansion and Strategic Acquisitions
The fund's portfolio includes three recently acquired projects that became effective from November 1, 2025. These projects - Kaithal Tollway Limited, Kishangarh Gulabpura Tollway Limited, and IRB Hapur Moradabad Tollway Limited - have contributed significantly to the overall revenue performance. The comparative figures for March 2025 are presented for analysis purposes, demonstrating the inherent revenue-generating capacity of these strategic acquisitions.
Regulatory Compliance and Transparency
IRB Infrastructure Private Limited, serving as the Investment Manager to IRB InvIT Fund, filed the toll revenue report under Regulation 30 with both BSE Limited and National Stock Exchange of India Limited. The report was signed by Rushabh Gandhi, Director & Chief Financial Officer, and submitted to the exchanges on April 9, 2026, maintaining the fund's commitment to regulatory compliance and investor transparency.
Fund Structure and Management
The InvIT operates under the trusteeship of IDBI Trusteeship Services Limited, with IRB Infrastructure Private Limited serving as the Investment Manager. This structure ensures professional management of the toll road assets while providing investors with exposure to India's infrastructure sector through a regulated investment vehicle.
Historical Stock Returns for IRB InvIT Fund
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.72% | +0.10% | -0.05% | -3.70% | +13.87% | +12.09% |
Will IRB InvIT Fund continue its acquisition strategy to add more toll road projects to its portfolio in 2026-27?
How might the upcoming Union Budget 2026 and infrastructure spending policies impact IRB InvIT's future revenue growth?
What distribution yield can investors expect from IRB InvIT Fund given this strong toll revenue performance?


































