Archive · 10 Sep 2026
IRB Infra Shares Rise as August Toll Revenue Jumps
IRB Infrastructure Developers operates toll roads in India.
It collected about ₹807 crore in tolls during August 2026.
That was about 25% more than the ₹646 crore collected in August 2025.
More vehicles used many of its roads, and toll prices were also revised.
Some newer roads added revenue because they had not collected tolls during the same month last year.
The Mumbai-Pune Expressway and several other projects were important contributors.
A few roads collected less money than before.
Investors initially pushed the company’s shares higher, but the stock later gave up much of its early rise.
The company expects traffic and toll revenue to remain positive in the coming months.
IRB Infrastructure Developers shares rose as much as 7.5% to 8% on September 10 after August 2026 toll revenue increased 25%.
IRB Group reported gross toll revenue of ₹807.4 crore in August 2026, compared with ₹646.2 crore a year earlier.
The company attributed the increase to sustained traffic growth and a tariff revision implemented at the beginning of FY27.
Mumbai-Pune Expressway, Ahmedabad-Vadodara Super Expressway, Golconda Expressway and Lalitpur Tollway were among the major contributors.
The stock later pared gains, while toll revenue declined at Hapur Moradabad, Kota and Kishangarh Gulabpura tollways.
- Who
- IRB Infrastructure Developers and its IRB Group reported the toll results; investors responded by trading the company’s shares.
- What
- The group reported a 25% year-over-year increase in August 2026 gross toll revenue, while the stock rose sharply before paring gains.
- When
- The market reaction occurred on Thursday, September 10, after the August 2026 operational update.
- Where
- The toll assets are spread across 13 Indian states.
- Why
- Revenue increased because of traffic growth, a tariff revision at the beginning of FY27 and contributions from newer assets.
Positive Operating Momentum
Market Caution
Toll-revenue outlook
Positive Operating Momentum
IRB said sustained traffic growth, the FY27 tariff revision, robust GDP growth and the festive season could support stronger toll revenue in coming months.
Market Caution
Some assets reported lower or nearly flat collections, including Hapur Moradabad, Kota and Kishangarh Gulabpura tollways.
Share-price reaction
Positive Operating Momentum
The stronger toll figures triggered an early gain of about 7.5% to 8%, reflecting investor interest in the operational update.
Market Caution
The stock later surrendered much of its advance and remained below its reported 52-week high.
- August 2026 gross toll revenue
- ₹807.4 crore
- August 2025 gross toll revenue
- ₹646.2 crore
- Year-over-year growth
- Approximately 25%, or about ₹161 crore
- Share-price reaction
- The shares rose as much as 7.5% to 8% early in trading, then pared gains; they traded 2.88% higher at ₹19.62 around 12:30 p.m. in one report.
- Portfolio
- 28 revenue-generating highway assets across 13 Indian states
- Daily traffic
- Approximately 1.5 million vehicle crossings
- Major contributors
- Mumbai-Pune Expressway, Ahmedabad-Vadodara Super Expressway, Golconda Expressway and Lalitpur Tollway
- Concession life
- Approximately 21 years on a weighted-average residual basis
