IRB Infrastructure Developers soars on reporting 30% rise in toll revenue collection during October
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IRB Infrastructure Developers is currently trading at Rs. 35.74, up by 0.97 points or 2.79% from its previous closing of Rs. 34.77 on the BSE.
The scrip opened at Rs. 35.09 and has touched a high and low of Rs. 36.45 and Rs. 35.05 respectively. So far 1352948 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 37.00 on 20-Oct-2023 and a 52 week low of Rs. 22.56 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 36.25 and Rs. 34.08 respectively. The current market cap of the company is Rs. 21595.46 crore.
The promoters holding in the company stood at 34.39%, while Institutions and Non-Institutions held 54.67% and 10.94% respectively.
IRB Infrastructure Developers’ revenue from toll collection grew 30% to Rs 447.7 crore in October 2023. Toll collection stood at Rs 345.1 crore in the same month last year. Out of its 13 tolls, IRB MP Expressway in Maharashtra contributed the major share of Rs 140.9 crore to the total revenue collection. As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of over Rs 75,000 crore in 11 states.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
