IRB Infrastructure Developers Limited (IRB Infra) has announced a significant milestone for its Palsit Dankuni Project, with the receipt of a completion certificate that is set to substantially increase the company's annual toll revenue.

Project Details

The Palsit Dankuni Tollway Private Limited, a Project Special Purpose Vehicle (SPV) of IRB Infrastructure Trust, has been awarded a Completion Certificate (COD) by the National Highways Authority of India (NHAI) for 61.3 km out of the total 63.83 km stretch of the project. This certificate covers the 4 to 6 laning of National Highway 19 between Palsit and Dankuni in West Bengal.

Financial Impact

With the issuance of the COD, IRB Infra is now authorized to collect toll at revised tariff rates, resulting in a substantial 47% increase. The company anticipates this development to boost its annual toll revenue by approximately ₹100 crore, based on Q1 FY25 trends.

Project Highlights

Management Commentary

Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Ltd, expressed his views on this achievement: "Receiving the COD is a significant milestone for this project. It enables us to commence toll collection at the revised tariff rates, as per the Concession Agreement. We are confident that this project will deliver a world-class and safe commuting experience to all users."

Company Overview

IRB Infrastructure Developers Ltd is a prominent player in India's road and highway infrastructure sector. The company has an asset base of approximately ₹80,000.00 crore spread across 12 states, with operations covering around 15,500 lane km. IRB Infra holds a 33% market share in the awarded Toll-Operate-Transfer (TOT) space and has significant presence in key national highway projects.

This latest development reinforces IRB Infra's position in the infrastructure sector and is expected to contribute positively to the company's financial performance in the coming years.

IRB Infrastructure Developers Limited , one of India's leading multi-national transport infrastructure developers, has reported an impressive 8% year-over-year increase in toll revenue for the first quarter of fiscal year 2026. This growth comes despite the challenges posed by early monsoon conditions in many parts of the country.

Q1 FY26 Performance Highlights

• Quarterly toll revenue reached ₹1,680 crore, up from ₹1,556 crore in Q1 FY25
• June 2025 toll revenue stood at ₹544.80 crore, compared to ₹517 crore in June 2024, marking a 5% YoY increase
• The company and its listed Private InvIT Joint Venture, IRB Infrastructure Trust, collectively contributed to this growth

Project-wise Performance

IRB Infrastructure's portfolio, which includes 17 toll projects across India, showed resilience in the face of seasonal headwinds. Here's a breakdown of the top-performing projects in June 2025:

Management Commentary

Shri Amitabh Murarka, Deputy CEO of IRB Infrastructure Developers Limited, expressed optimism about the company's performance. He stated, "It is encouraging to witness sustained growth in toll collections throughout the first quarter of FY26, compared to the same period last year — despite the early onset of the monsoon in many parts of the country, which had a marginal impact on traffic volumes."

Looking ahead, Murarka added, "We expect this positive growth trajectory to continue, supported by the anticipated completion of ongoing projects in our portfolio, which will further strengthen revenue visibility."

Financial Performance

In addition to the strong Q1 FY26 toll revenue growth, IRB Infrastructure Developers reported significant improvements in its financial results:

• Q4 FY25 net profit grew by 14% YoY to ₹215 crore
• FY25 net profit increased by 12% to ₹677 crore

Company Overview

IRB Infrastructure Developers Ltd is India's first Integrated Multi-National Transport Infrastructure Developer in the Roads & Highways segment. The company boasts an impressive asset base of approximately ₹80,000 crore spread across 12 states, encompassing the parent company and two InvITs. With a strong track record spanning over 25 years, IRB has constructed, tolled, operated, and maintained around 19,000 lane kilometers pan-India, of which 15,500 lane kilometers are currently under operation.

The group commands a significant market share, including:

• 33% of the awarded TOT (Toll-Operate-Transfer) space
• 14% share in the prestigious Golden Quadrilateral Highway Project
• 12% share in India's North-South highway connectivity

As IRB Infrastructure continues to navigate challenges and capitalize on growth opportunities, investors and industry observers will be keenly watching the company's performance in the coming quarters.