New Delhi, July 10 (TIWN) India's highway toll collections are expected to bounce back after a subdued April-May season this year.

Accordingly, toll collections are expected to reach 4QFY21 revenues in 2QFY22 and record 15 percent growth beginning 3QFY22 over FY20 sans a third wave.  "These expectations are driven by the recovery in June 2021, stronger than the earlier seen in 2QFY21 during the first wave," India Ratings and Research (Ind-Ra) said in a research report.  In April and May 2021, average toll revenue fell by 10 percent and 34 percent respectively, compared to 4QFY21 owing to the localised lockdowns during second COVID wave.