IRB Infrastructure Developers experienced an impressive 8 percent surge, reaching a 52-week high of Rs 45.55 on January 9, buoyed by the company’s robust toll collection growth for December.
The firm reported a substantial increase in toll collections, reaching Rs 488 crore in December, reflecting a remarkable 26 percent rise compared to the same month in the previous fiscal year.
As of 9:42 am, IRB Infra was actively trading at ₹46.10 on the National Stock Exchange, indicating a notable 9.37 percent increase from the previous close.
Amitabh Murarka, Deputy CEO, expressed satisfaction with the sustained growth momentum across all highways assets. Anticipating a positive trajectory for toll collections in the second half of the financial year, Murarka expects this growth trend to persist throughout the remaining quarter of FY24.
