Shares of IRB Infrastructure Ltd. spiked 4% on Monday, closing at ₹18.07 after the company announced a lift in its toll‑collection outlook for FY‑27. The move followed a 3.4% rally earlier in the day, buoyed by a 14% YTD decline that had left investors eager for a rebound.
CEO Anil Yadav said the firm now expects toll‑collection growth between 22% and 24% for the full year, up from the 20% guidance originally set. The update came during a CNBC‑TV18 interview, where Yadav also hinted that monetisation of non‑core assets is underway, though concrete figures remain undisclosed.
In the September quarter, IRB Infra posted a 12% surge in toll growth, while its flagship 100‑owned Mumbai‑Pune Expressway recorded an 11% rise in FY‑27, compared with just 4% in FY‑26. Tolls at the company’s infrastructure trust assets climbed 13% YoY, reinforcing the narrative of a robust earnings engine.
NHAI’s planned $30 billion monetisation drive could unlock further projects for IRB Infra, which already secured a $3 billion concession for FY‑23‑26. Analysts see the company positioned to win additional assets under the National Monetisation Fund, potentially expanding its toll‑platform dominance.
All six analysts covering the stock maintain a "buy" stance. CLSA keeps an "outperform" rating with a ₹34.5 price target, translating to a 90% upside from current levels. The broader consensus implies a 41% upside, underscoring the bullish sentiment around IRB Infra’s growth prospects.
Despite the rally, the stock remains 14% off year‑start highs, reflecting a cautious market stance amid macro‑economic headwinds. Investors will be watching the upcoming earnings release for FY‑27, where guidance and actual performance will test the new optimism.