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

*this image is generated using AI for illustrative purposes only.
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?


































