IRB Infrastructure shares in focus as December toll collection surges 19%
IRB Infrastructure Developers' shares will remain in focus on Friday, January 10, following the company's announcement of a 19% year-on-year (YoY) increase in toll collections for December 2024. The total toll collection for the month reached Rs 580 crore, up from Rs 488 crore in December 2023.
Amitabh Murarka, Deputy CEO, stated, «We have seen impressive growth in the current month across our portfolio. Looking ahead, we expect this upward trend in toll collection to continue, driven by India's robust GDP growth, which should boost vehicular traffic across our 12-state network.»
Also Read: Q3 woes: Cement companies may face earnings downgrades again
IRB Infra Q2 FY25 performance
IRB Infrastructure Developers reported a 9.1% YoY decline in revenue for Q2 FY25, totaling Rs 158.6 crore, down from Rs 174.5 crore in Q2 FY24.
However, the company posted a 4.3% increase in consolidated net profit, which reached Rs 99.8 crore, compared to Rs 95.7 crore in the same quarter last year, driven by higher operating margins.
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