IRB Infra Q1 Revenue Surges 13%, Toll Collection Skyrockets 32%
Strong Quarterly Performance Driven by Highway Infrastructure Expansion
IRB Infrastructure Developers Ltd., a leading multinational highway infrastructure company, has reported a robust 13% growth in consolidated income for the first quarter (Q1) of FY25. This significant increase is accompanied by a remarkable 32% surge in aggregate toll collection, underscoring the company's robust growth trajectory.
Profitability and Toll Revenue Rise
IRB Infra's consolidated profit after tax (PAT) rose by 5% to Rs. 140 crore for Q1 FY25. This increase in profitability reflects the company's continued focus on operational efficiency and revenue optimization. The company's toll collection witnessed a substantial 32% year-over-year increase, a testament to the growing demand for highway infrastructure and the effectiveness of IRB's project execution.
Market Response
The market responded positively to IRB Infra's strong Q1 results. The company's stock price jumped over 2% on the back of the robust toll revenue numbers. This positive sentiment reflects the trust investors have in IRB's ability to generate consistent returns through its highway infrastructure portfolio.
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