Archive · 29 Sep 2025
IRB Infra Reports Toll Growth, Receives Approvals
IRB Infrastructure, a company backed by Ferrovial & GIC, is doing well with its toll roads, even with early monsoons.
Overall toll collection is up.
The Mumbai-Pune e-way is seeing increased revenue.
A financial broker recommends buying the stock because the company is expanding through new projects and asset sales.
Risks include potential traffic declines or project delays.
The InvIT also received approval from its shareholders to transform into a 'high yield, growth annuity'.
IRB's overall toll growth improved, at 9% YTD.
August 2025 tolls rose 12% year-over-year.
Mumbai-Pune e-way toll revenue is up 5% year-over-year.
IRB Public InvIT received approval to become a "high yield, growth annuity".
Broker maintains a ₹72 target price and 'Outperform' rating.
- Who
- IRB Infrastructure Developers Ltd
- What
- Report on tolling trends and financial performance.
- When
- September 29, 2025; Q2-FY26 data
- Where
- India, including Mumbai-Pune e-way
- Why
- To assess IRB's financial health and investment potential.
- Current Market Price
- ₹40.83
- Target Price
- ₹72
- Recommendation
- Outperform
- YTD Toll Growth
- 9%
- August 2025 Toll Growth
- 12% y-o-y
- Mumbai-Pune E-way Toll Rise (FY26 YTD)
- 5% y-o-y