September 2026 gross toll revenue up ~24% YoY to Rs. 7,725 million

Gross toll revenue for September 2026 was Rs. 7,725 million (₹773Crs), up ~24% from Rs. 6,223 million (₹622Crs) in September 2025.

Thu 8 Oct 2026

Gross toll revenue Sept 2026

Rs. 7,725 million (₹773Crs)

YoY growth

up ~24% from Rs. 6,223 million (₹622Crs) in September 2025

100% subsidiaries toll revenue growth

17% on a like-for-like basis

Gross toll revenue for the month

The company shared project-wise gross toll revenue for September 2026, along with a press release.

• IRB Group gross toll revenue: Rs. 7,725 million in September 2026 against Rs. 6,223 million in September 2025, a rise of ~24% year-on-year.
• The press release states the same in crore: ₹773Crs for September 2026 versus ₹622Crs for September 2025, again approximately 24% higher.
• Toll revenue of the 100% subsidiaries grew 17% on a like-for-like basis.
• The project tables are given in Rs. in millions.

Largest contributors in September 2026

• IRB MP Expressway Private Limited: 1,621 against 1,396
• IRB Golconda Expressway Private Limited: 812 against 704
• IRB Ahmedabad Vadodara Super Express Tollway Private Limited: 795 against 666
• IRB Harihara Corridors Private Limited: 493 against nil
• IRB Lalitpur Tollway Private Limited: 425 against 371
• IRB Tumkur Chitradurga Tollway Limited: 375 against 337

Assets that reported lower revenue than a year earlier

• CG Tollway Limited: 338 against 339
• Kishangarh Gulabpura Tollway Limited: 222 against 229
• Yedeshi Aurangabad Tollway Limited: 220 against 227
• IRB Kota Tollway Private Limited: 61 against 65

Assets with no comparable prior-year figure

Three assets show September 2026 revenue with no figure for September 2025, and the update explains why:

• IRB Harihara Corridors Private Limited: 493; the project has received the Appointed Date from NHAI and toll collection commenced from 23rd January 2026.
• IRB Chandibhadra Tollway Private Limited: 204; the project has received the Appointed Date from NHAI and toll collection commenced from 1st April 2026.
• Meerut Budaun Expressway Limited: 131; toll collection has commenced from 17th May 2026.

The update also notes that Kaithal Tollway Limited, Kishangarh Gulabpura Tollway Limited and IRB Hapur Moradabad Tollway Limited are assets acquired on 1st November 2025, and their previous-period numbers are presented only for comparison purposes.

Portfolio details given in the press release

• 27 revenue-generating highway assets aggregating to approximately ₹940Bn across 13 Indian states.
• Approximately 1.5 million vehicle crossings daily across its assets, with the Group accounting for nearly one-tenth of India's total toll revenue.
• Weighted average residual concession life of approximately 21 years.
• A stated roadmap to expand the asset base to approximately ₹1,400Bn by FY2030, with an asset churn strategy and reinvestment of proceeds into new opportunities.
• IRB Infrastructure Trust (Private InvIT): 14 highway assets, 9,530 lane kms, enterprise value of approximately ₹66,300Crs, weighted average life of 20 years plus; listed on NSE since 2023 under ticker "IRBIT".
• IRB InvIT Fund (Public InvIT): 10 highway assets including 9 BOT and 2 HAM projects, 5,589 lane kms, enterprise value of approximately ₹21,000Crs, weighted average life of 17 years plus; listed on NSE and BSE since 2017.

The update groups the entities by relationship: wholly-owned subsidiaries, entities under IRB Infrastructure Trust (Private InvIT) and IRB InvIT Fund (Public InvIT).

What the management said

Dy. CEO Amitabh Murarka said September 2026 toll revenue reflects healthy traffic growth driven by enhanced economic activity across the country, further supported by commencement of the festive season, and that the onset of Navaratri and Diwali festivities and the holiday season is expected to support continued traffic growth and improved toll revenues across the portfolio in coming months.

Points a reader may note

• This is a monthly operational disclosure of toll revenue collected, with the asset-wise split and the year-ago comparison.
• Part of the growth comes from assets that were not collecting toll in September 2025, so the group total and the like-for-like figure for the 100% subsidiaries (17%) measure different things.

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