IRB InvIT Fund Reports ~9% YoY Growth in Gross Toll Revenue for April 2026

2 min read     Updated on 09 May 2026, 12:20 PM
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Suketu GScanX News Team
AI Summary

IRB InvIT Fund's gross toll revenue for April 2026 rose by approximately 9% year-on-year to ₹1,647 million, driven by growth across all eight project SPVs. The top contributors were IRB Tumkur Chitradurga Tollway Limited and IRB Hapur Moradabad Tollway Limited. The filing was submitted to the exchanges on May 8, 2026.

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IRB InvIT Fund has reported gross toll revenue of ₹1,647 million for April 2026, marking an approximately 9% increase on a year-on-year basis compared to ₹1,513 million recorded in April 2025. The disclosure was made by IRB Infrastructure Private Limited, the Investment Manager to IRB InvIT Fund, in a filing dated May 8, 2026, submitted to BSE Limited and the National Stock Exchange of India Limited. The revenue figures span eight Project Special Purpose Vehicles (SPVs) operating under the fund.

Project-Wise Toll Revenue Performance

The following table presents the gross toll revenue for each of the eight Project SPVs for April 2026 and April 2025:

Project SPV: April 2026 (₹ millions) April 2025 (₹ millions)
IRB Tumkur Chitradurga Tollway Limited* 374 344
IRB Pathankot Amritsar Toll Road Limited 154 141
IRB Jaipur Deoli Tollway Limited 189 168
M.V.R. Infrastructure & Tollways Limited 151 146
IRB Talegaon Amravati Tollway Limited 88 82
Kaithal Tollway Limited** 120 119
Kishangarh Gulabpura Tollway Limited** 231 212
IRB Hapur Moradabad Tollway Limited** 340 301
Total 1,647 1,513

* Revenue is net of revenue from Tumkur bypass stretch for the previous period for comparison purpose.

** These projects were acquired by IRB InvIT Fund effective from November 1, 2025. Prior period numbers are presented only for comparison purpose.

Key Highlights

Several notable observations emerge from the April 2026 toll revenue data:

  • IRB Tumkur Chitradurga Tollway Limited was the highest revenue contributor among all SPVs, recording ₹374 million in April 2026 against ₹344 million in April 2025.
  • IRB Hapur Moradabad Tollway Limited was the second-largest contributor at ₹340 million, up from ₹301 million in the prior year period.
  • Kishangarh Gulabpura Tollway Limited reported ₹231 million for April 2026, compared to ₹212 million in April 2025.
  • IRB Talegaon Amravati Tollway Limited recorded the lowest revenue among the eight SPVs at ₹88 million, up from ₹82 million year-on-year.
  • All eight project SPVs registered revenue growth on a year-on-year basis.

Filing and Compliance Details

The toll revenue data for April 2026 was filed with both BSE Limited and the National Stock Exchange of India Limited on May 8, 2026, by Swapna Arya, Company Secretary and Compliance Officer of IRB Infrastructure Private Limited, acting as Investment Manager to IRB InvIT Fund. A copy of the filing was also marked to IDBI Trusteeship Services Limited, Mumbai. The aggregate gross toll revenue of ₹1,647 million for April 2026 reflects the combined performance of the fund's portfolio of road infrastructure assets during the month.

Historical Stock Returns for IRB InvIT Fund

1 Day5 Days1 Month6 Months1 Year5 Years
-0.57%+1.32%+1.21%+0.57%+10.37%+12.03%

How might the three newly acquired SPVs (Kaithal, Kishangarh Gulabpura, and Hapur Moradabad) impact IRB InvIT Fund's overall distribution yield to unitholders in FY2027 compared to pre-acquisition periods?

Are there any upcoming toll rate revisions or National Highway Authority of India (NHAI) policy changes that could accelerate or moderate the current ~9% YoY revenue growth trajectory?

Given that IRB Talegaon Amravati Tollway consistently records the lowest revenue among all SPVs, are there any expansion, upgrade, or divestment plans being considered for this asset?

IRB InvIT Fund Submits Corporate Governance Compliance Report for Q4FY26

2 min read     Updated on 17 Apr 2026, 04:19 PM
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IRB InvIT Fund submitted its Q4FY26 corporate governance compliance report, demonstrating full adherence to SEBI regulations. The investment manager's board comprises six directors including three independent directors, with properly constituted committees for audit, nomination, risk management, and stakeholder relations. All mandatory governance requirements were met with comprehensive website disclosures and 100% compliance across regulatory parameters.

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IRB InvIT Fund has submitted its corporate governance compliance report for the quarter ended March 31, 2026, to both BSE and NSE. The report, filed by investment manager IRB Infrastructure Private Limited on April 17, 2026, demonstrates comprehensive adherence to SEBI Infrastructure Investment Trust Regulations.

Board Composition and Leadership Structure

The investment manager's board maintains a balanced composition of six directors, ensuring proper governance oversight. The leadership structure includes both executive and independent directors with diverse expertise.

Position Director Name Category Appointment Date
Chairman Rajinder Pal Singh Non-Independent Director February 14, 2017
CEO & Whole-time Director Jitender Kumar Chauhan Non-Independent Director March 01, 2025
CFO & Executive Director Rushabh Gandhi Non-Independent Director March 31, 2023
Independent Director Sunil Tandon Independent Director June 05, 2020
Independent Director Nikesh Jain Independent Director March 16, 2022
Independent Director Anusha Chaitanya Date Independent Director March 31, 2023

Committee Structure and Governance

The investment manager has established four key committees to ensure robust governance and oversight mechanisms. Each committee operates with proper composition and regular meeting schedules.

Committee Composition Overview

Committee Chairman Members Meeting Frequency
Audit Committee Sunil Tandon (Independent) 4 members (3 Independent) Quarterly
Nomination & Remuneration Sunil Tandon (Independent) 4 members (3 Independent) As required
Risk Management Nikesh Jain (Independent) 3 members (1 Independent) Quarterly
Stakeholder Relationship Nikesh Jain (Independent) 3 members (1 Independent) As required

Meeting Activities and Compliance

During Q4FY26, the board conducted one meeting on February 11, 2026, with full attendance of six directors including three independent directors. The audit committee met on February 11, 2026, with four directors present, while the risk management committee convened on March 13, 2026, with three directors in attendance.

The nomination and remuneration committee also held its meeting on February 11, 2026, ensuring all governance aspects were properly addressed during the quarter.

Regulatory Compliance and Affirmations

The report confirms complete compliance with all SEBI Infrastructure Investment Trust Regulations across multiple areas:

  • Board composition meets regulatory requirements
  • All committees properly constituted and functioning
  • Committee members aware of their roles and responsibilities
  • Meetings conducted as per regulatory specifications
  • Previous quarter's report placed before the board without adverse comments

Website Disclosures and Transparency

IRB InvIT Fund maintains comprehensive website disclosures covering all mandatory requirements. The fund's website provides access to business details, financial information, annual reports, contact information for investor grievances, and all regulatory filings and announcements.

Annual Compliance Status

The annual affirmations section confirms 100% compliance across 29 regulatory parameters, including independent director appointments, board meetings, committee compositions, risk management, vigil mechanisms, and related party transaction approvals. Only one parameter regarding alternate directors to independent directors was marked as not applicable.

The governance report demonstrates IRB InvIT Fund's commitment to maintaining high standards of corporate governance and regulatory compliance throughout the financial year 2025-26.

Historical Stock Returns for IRB InvIT Fund

1 Day5 Days1 Month6 Months1 Year5 Years
-0.57%+1.32%+1.21%+0.57%+10.37%+12.03%

How might the recent CEO transition to Jitender Kumar Chauhan in March 2025 impact IRB InvIT Fund's strategic direction and operational performance in the coming quarters?

What infrastructure investment opportunities is IRB InvIT Fund likely to pursue given their strong governance framework and regulatory compliance track record?

Will IRB InvIT Fund consider expanding their board size or committee structure as they potentially scale their infrastructure portfolio in FY27?

More News on IRB InvIT Fund

1 Year Returns:+10.37%