IRB Infrastructure Developers Limited — Earnings Release 2026

May 8, 2025

May 8, 2025

To, Corporate Relationship Department, Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1 Block G Dalal Street, Mumbai 400 001. Bandra Kurla Complex, Bandra (E), Mumbai 400 051

Dear Sir,

Ref.: Scrip Code: 532947, Symbol: IRB

Subject: Toll Revenue for April 2025

Please find enclosed Project-wise toll revenue for the Month of April 2025 for the subsidiaries & Joint venture entities of the Company.

Please find enclosed a press release in this regard.

Kindly take the same on record.

For IRB Infrastructure Developers Limited

Digitally signed Mehulkuma by Mehulkumar r Natwarlal Natwarlal Patel Patel Date: 2025.05.08 19:31:56 +05'30' Mehul Patel

Company Secretary

IRB Infrastructure Developers Limited Gross Toll Collection for April' 2025 increased by ~10% on Y-o-Y basis

				(Rs. in millions)
Sr. No.	Company Name	April 2025	April 2024	Relationship with entities
1	IRB MP Expressway Pvt Limited	1,507	1,407	Wholly-owned Subsidiaries
2	IRB Ahmedabad Vadodara Super Express Tollway Private Limited	654	592
3	CG Tollway Limited	327	297	Joint Ventures - Entities under- IRB Infrastructure Trust (Pvt. InvIT)
4	Udaipur Tollway Limited	272	255
5	Palsit Dankuni Tollway Private Limited	153	142
6	AE Tollway Limited	221	203
7	Yedeshi Aurangabad Tollway Limited	206	177
8	IRB Hapur Moradabad Tollway Limited	301	258
9	Kaithal Tollway Limited	119	113
10	Kishangarh Gulabpura Tollway Limited	212	185
11	IRB Westcoast Tollway Limited	129	112
12	Solapur Yedeshi Tollway Limited	113	93
13	IRB Golconda Expressway Private Limited	683	602
14	Samakhiyali Tollway Private Limited	120	115
15	IRB Lalitpur Tollway Private Limited	353	329
16	IRB Kota Tollway Private Limited	57	57
17	IRB Gwalior Tollway Private Limited	110	91
	Total	5,537	5,028	10.12%

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Press Release

Encouraging beginning of FY26 for IRB Infra & IRB Infrastructure Trust, as their Aggregate Y-o-Y Toll Revenue rises 10% in April 2025

• April 2025 Toll Revenue is Rs. 554 Crs, as against Rs.503 Crs in April 2024

• FY25 aggregate Toll Revenue of both entities was Rs.6,360 Crs against Rs.5,169 Crs for FY24

Mumbai, May 8, 2025: Marking an encouraging start of a new financial year 2026, the IRB Infrastructure Developers Limited, India’s leading and the largest integrated multi-national transport infrastructure developer in the highways sector and its Private InvIT Associate, IRB Infrastructure Trust, India’s largest listed Infrastructure Investment Trust have collectively reported the Y-o-Y Toll Revenue growth of 10% in the month of April 2025.

Both the entities have reported the aggregate toll revenue of Rs. 554 Crs for the month under review, i.e., April 2025, against Rs.503 Crs in April 2024.

Commenting on this, Shri Amitabh Murarka, Dy. CEO, IRB Infrastructure Developers Limited said, “FY25 concluded with robust momentum, which continued into Apr 25, as reflected in 10% y- o-y growth in toll revenue. Given the overall performance of Indian Economy and the implementation of budgetary provisions, this positive trend is expected to extend further in FY26.”

The toll collection details Project and SPV wise are as follows:

Sr. No	Company Name	April 2025 (Rs. in Mn)	April 2024 (Rs. in Mn)	Relationship with Entities
1	IRB MP Expressway Pvt Limited (Mumbai Pune Expressway & Old Mumbai Pune Highway NH4)	1,507	1,407	Wholly – owned Subsidiaries
2	IRB Ahmedabad Vadodara Super Express Tollway Pvt. Limited (Ahmedabad Vadodara Expressway NE1 and Highway NH48)	654	592
3	CG Tollway Limited (Chittorgarh to Gulabpura NH79)	327	297	Joint Ventures Entities under the IRB Infrastructure
4	Udaipur Tollway Limited (Udaipur to Shamlaji NH48)	272	255
5	Palsit Dankuni Tollway Private Limited (Palsit to Dankuni NH19)	153	142
6	AE Tollway Limited (Agra to Etawah NH19)	221	203

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Press Release

7	Yedeshi Aurangabad Tollway Limited (Yedeshi to Aurangabad NH211)	206	177
8	IRB Hapur Moradabad Tollway Limited (Hapur to Moradabad NH 9)	301	258
9	Kaithal Tollway Limited (Kaithal to Rajasthan Border NH152/65)	119	113
10	Kishangarh Gulabpura Tollway Limited (Kishangarh to Gulabpura NH79A & NH79)	212	185
11	IRB Westcoast Tollway Limited (Karwar to Kundapura NH66)	129	112
12	Solapur Yedeshi Tollway Limited (Solapur to Yedeshi NH211)	113	93
13	IRB Golconda Expressway Private Limited (Hyderabad Outer Roing Road)	683	602
14	Samakhiyali Tollway Private Limited (Samakhiyali to Santalpur NH27)	120	115
15	IRB Lalitpur Tollway Private Limited (Lalitpur Lakhnadon NH44– TOT 12)	353	329
16	IRB Kota Tollway Private Limited (Kota Bypass– TOT 13)	57	57
17	IRB Gwalior Tollway Private Limited (Jhansi Gwalior NH44– TOT 13)	110	91
	Total	5,537	5,028

About IRB Infrastructure Developers Ltd:

IRB Infrastructure Developers Ltd (IRB) is India’s first Integrated Multi-National Transport Infrastructure Developer in Roads & Highways segment. The Company has acquired ISO Certification in Quality (ISO 9001); Environment Management (ISO 14001), Occupational Health and Safety (ISO 45001) and IT Security (ISO 27001) from the ISOQAR, United Kingdom.

As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of approx. Rs.80,000 Crs. in 12 States across the parent company and two InvITs.

The Company has strong track record of constructing, tolling, operating, and maintaining around 18,500 lane Kms pan India in its existence of more than 25 years in India; of which 15,500 Lane Kms are under operations at present.

The group commands a market share of around 33% of the awarded TOT space. It also comprises around 14% share in the prestigious Golden Quadrilateral Highway Project and 12% share in India’s North South highway connectivity.

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Press Release

After successfully completing 13 Concessions and handing over them to the nodal agencies, at present, IRB Group’s project portfolio (including Private and Public InvIT) has now 26 road projects that include 18 BOT, 4 TOT, and 4 HAM projects.

For further details, please contact:

• Parikshit Sharma, Concept PR, 88989 39833, parikshit.s@conceptpr.com

• Kiwishka Kaur Kalsi, Concept PR, 75068 61969 kiwishka@conceptpr.in

• Vivek Devasthali, Head, Corporate Communications, 99300 80099, vivek.devasthali@irb.co.in

Disclaimer:

Except for the historical information contained herein, statements in this communication and any subsequent discussions, which include words or phrases such as ‘will’, ‘aim’, ‘will likely result’, ‘would’, ‘believe’, ‘may’, ‘expect’, ‘will continue’, ‘anticipate’, estimate’, ‘intend’, ‘plan’, ‘contemplate’, ‘seek to’, ‘future’, ‘objective’, ‘goal’, ‘likely’, ‘project’, ‘on-course’, ‘should’, ‘potential’, ‘pipeline’, ‘guidance’, ‘will pursue’ ‘trend line’ and similar expressions or variations of such expressions may constitute ‘forwardlooking statements’.

The forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements.

These risks and uncertainties include but are not limited to the IRB Infrastructure Developers Limited and/ or its Associates’ ability to successfully implement its strategy, its growth and expansion plans, obtain regulatory approvals, provisioning policies, technological changes, investment and business income, cash flow projections, exposure to market risks as well as other risks. In addition, the consummation of the transactions described herein is subject to various conditions precedent.

IRB Infrastructure Developers Limited does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

These materials are not a prospectus, a statement in lieu of a prospectus, an offering circular, an invitation or an advertisement or an offer document under the Indian Companies Act, 2013 together with the rules and regulations made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, or any other applicable law in India.

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