IRB Group recorded strong toll revenue growth in December 2025, supported by consistent traffic movement across its highway portfolio and improving economic activity.
The group posted aggregate toll collections of ₹754 crore in December 2025, compared with ₹675 crore in the same month last year, reflecting a year-on-year increase of about 12%.
The growth was recorded across IRB Infrastructure Developers Limited and its sponsored infrastructure investment trusts.
Collections were driven by contributions from the company’s two infrastructure investment trusts: IRB InvIT Fund (Public) and IRB Infrastructure Trust (Private). Within its 22-asset portfolio, the IRB MP Expressway in Maharashtra remained the top performer, generating ₹1,703 million, up from ₹1,634 million in the corresponding period last year.
The IRB Ahmedabad–Vadodara Super Express Tollway ranked second, with revenues rising to ₹841 million in December 2025 from ₹707 million in December 2024. The IRB Golconda Expressway (Hyderabad ORR) followed closely in third place, reporting collections of ₹788 million, compared with ₹713 million a year earlier.
Key assets such as the Mumbai–Pune Expressway, Ahmedabad–Vadodara Expressway and Hyderabad Outer Ring Road continued to report healthy traffic traction.
Several BOT, TOT and HAM assets contributed to stable collections, supported by improved connectivity, higher vehicle movement and gradual economic pickup across regions.
Management indicated that the sustained growth trend is expected to continue, aided by revenue from newly operational assets and toll-operate-transfer projects.
With additional assets coming on stream and economic activity strengthening, toll revenue momentum is likely to accelerate further in the coming months.
IRB Infrastructure Developers Ltd (IRB) is India’s leading and the largest multi-national toll road infrastructure developers, with the strong track record of constructing, tolling, operating, and maintaining around 20,500 Lane Kms pan India in its existence of more than 25 years.
As the largest private toll roads and highways infrastructure developer in India, IRB has an asset base of approx. ₹94,000 crores in 13 States, across the parent company and two InvITs.
The group has approx. 44% share in TOT space, around 16% share (including TOT-18) in India’s prestigious Golden Quadrilateral Project, and 12% share in India’s North South highway connectivity.
Read More: IRB Infrastructure Trust Secures NHAI LoA for TOT-18 Highway Project in Odisha!
As of January 08, 2025, at 10:18 AM, IRB Infrastructure Development share price is trading at ₹42.60 per share, reflecting a surge of 0.66% from the previous closing price.
IRB Group’s December performance underlines steady traffic recovery and asset resilience, reinforcing confidence in its toll revenue growth trajectory.
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Published on: Jan 8, 2026, 11:50 AM IST
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