IRB Infra Shares Climb 7% on Strong Q2 Toll Collections
· Business · Business Standard
IRB Infrastructure Developers Ltd. saw its share price rise by 7% following robust toll collections in the second quarter. The company's total toll collection, including that from its private InvITs, reached ₹417 crore in October 2023. This figure represents a 26% year-on-year increase compared to October 2022. The strong performance in toll collections contributed to the positive market reaction for IRB Infra.
Why it matters
The increase in toll collections indicates strong traffic growth on IRB Infra's projects, which directly impacts the company's revenue and profitability. This positive financial performance can influence investor confidence and the company's future expansion plans in the infrastructure sector.
Read the original report — Business Standard
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