Toll operators in India to see a revenue jump of 16-18% in FY23: CRISIL

Backed by high inflation and healthy traffic growth, the revenue of toll road operators in India is expected to jump a significant 16-18 per cent in 2022-23 (FY23), shows data revealed by rating agency CRISIL on Tuesday.

In FY24, the revenue growth will continue to be strong, but it will be a lower 9-11 per cent.

Since 2018, the sector has faced several headwinds, including the impact of the goods and services tax (GST), pandemic restrictions and then supply chain disruptions. These limited the traffic growth between FY18 and FY22 to 2-3 per cent.

But in FY23, the traffic growth is expected to be stronger, led by high demand for commercial vehicles and strong personal mobility demand.