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.

IRB Infrastructure Developers , a prominent infrastructure investment trust, has received a significant boost to its expansion plans. The fund's unitholders have given their approval for a major acquisition that promises to substantially increase its portfolio and operational scope.

Key Highlights

• Acquisition Approval: Unitholders have greenlit the acquisition of 100% equity in three road project Special Purpose Vehicles (SPVs) from IRB Infrastructure Trust.
• Deal Value: The approved acquisition is valued at ₹8,436.00 crore.
• Project Management: IRB Infrastructure Developers has been appointed as the project manager for Operations and Maintenance (O&M) of the acquired assets.
• O&M Order Book Expansion: The acquisitions are expected to expand the Sponsor's O&M order book by approximately ₹3,100.00 crore.

Implications of the Acquisition

This strategic move by IRB InvIT Fund marks a significant step in its growth trajectory. By acquiring three road project SPVs, the fund is set to enhance its infrastructure portfolio substantially. The ₹8,436.00 crore deal underscores the scale and importance of this acquisition in the infrastructure investment landscape.

Operational Management

The approval for appointing IRB Infrastructure Developers as the project manager for O&M is a crucial aspect of this deal. This decision ensures continuity and expertise in the management of the acquired assets, potentially leading to operational efficiencies and value creation for unitholders.

Financial Impact

While the specific financial details of the acquired SPVs are not disclosed, the expansion of the Sponsor's O&M order book by ₹3,100.00 crore is noteworthy. This increase suggests a substantial boost to the fund's future revenue streams and operational scale.

Conclusion

The unitholder approval for this significant acquisition demonstrates confidence in IRB InvIT Fund's growth strategy. As the fund moves forward with integrating these new assets, stakeholders will be keen to observe the impact on its overall performance and returns in the coming periods.