India's IRB Infrastructure rises after 25% jump in May toll revenue
09/06/2026 06:02
BUZZ-India's IRB Infrastructure rises after 25% jump in May toll revenue ** Highway construction firm IRB Infrastructure Developers IRBI.NS shares rise 1% to 20.8 rupees
** Stock has gained in two of the last six trading sessions
** Co reports 25% rise in May toll revenue to 8.43 billion rupees ($88.2 million), compared with 6.73 billion rupees a year earlier** "Revenue growth in May reflects continued traffic growth across our all projects despite rising inflation due to the ongoing geo-political unrest," CEO Amitabh Murarka says
** Stock trades at forward 12-month PE of 18.11 vs industry median of 17.02
** YTD, IRBI down 0.7% vs 6.7% fall in Nifty 500 Index .NIFTY500
($1 = 95.6000 Indian rupees)
(Reporting by Abhinav Parmar in Bengaluru)
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