BAJAJ BROKING

Notification
No new Notification messages
Wagons Learning IPO is Open!
Apply for the Wagons Learning IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

IRB Infrastructure Reports 35% YoY Toll Revenue Growth in June 2024

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

IRB Infrastructure's toll revenue surged 35% YoY in June 2024, hitting ₹517 crore. Q1 FY25 toll collections reached ₹1,556 crore, marking a 32% increase. The trend is expected to continue, boosted by recent tariff revisions.

IRB Infra News Today

IRB Infrastructure Developers Ltd. and the IRB Infrastructure Trust have reported a significant year-on-year (YoY) growth in toll revenue for June 2024, marking a continuation of the positive trend observed in the first two months of the first quarter of fiscal year 2025.

IRB Infra June 2024 Toll Revenue

In June 2024, the combined toll revenue of IRB Infrastructure Developers Ltd. and IRB Infrastructure Trust reached ₹517 crore, reflecting a 35% increase compared to ₹383 crore in June 2023.

Q1 FY25 Toll Collection

The strong performance in June contributed to robust quarterly results. For the first quarter of FY25, the total toll collection amounted to ₹1,556 crore, up 32% from ₹1,183 crore in the same quarter of the previous fiscal year (FY24).

This consistent upward trend underscores the company's successful start to the new fiscal year.

Explore: Irb Infra Dev Ltd. Share Price

Growth Factors

Several factors have contributed to this impressive growth. The recent implementation of tariff revisions is expected to boost toll revenue further in the coming quarters.

Additionally, the continued focus on infrastructure development and efficient toll collection mechanisms has played a crucial role in driving revenue growth.

Future Outlook

The positive trend in toll revenue is expected to continue throughout FY25. With ongoing infrastructure projects and potential further tariff adjustments, IRB Infrastructure Developers Ltd. and the IRB Infrastructure Trust are well-positioned to maintain and potentially exceed their current growth trajectory.

In Conclusion

IRB Infrastructure's strong start to FY25, highlighted by a 35% YoY increase in June toll revenue and a 32% rise in Q1 toll collection, reflects the company's robust operational strategies and effective tariff revisions.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Disclaimer :

The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.

The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

[ Read More ]

For more disclaimer, check here : https://www.bajajbroking.in/disclaimer

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

10 lakh+ Users

icon-with-text

4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4300+ Cr MTF Book

icon-with-text