IRB InvIT, India’s first listed Infrastructure Investment Trust will be distributing Rs.1.50 per unit for Q1 FY21.
The Board of IRB Infrastructure Pvt. Ltd., the Investment Manager to the IRB InvIT Fund, today announced the financial results of IRB InvIT Fund for the first quarter of FY21.
The Board has declared distribution of ~ Rs. 87 Crores to the Unit Holders translating into payout of Rs.1.50 per unit for Q1. This comprises of Rs.1.50 per unit as Interest.
The Trust has set 25th August 2020 as a record date for distribution and the same will be paid to the unit holders on or before 03rd September 2020.
While commenting on the occasion, Mr. Vinod Kumar Menon, Executive Director & CEO of the Investment Manager said, “We had only 72 days operations in the first quarter of FY21 and that too under strict lockdown restrictions mandated by the Govt. Authorities, in view of the outbreak of COVID-19 Pandemic environment across the Nation. It seems that now, post relaxations are allowed in phased manners, the operations have started picking pace and normalcy is in sight. Toll collections for our portfolio have reached ~83% on YoY basis in June 2020 and continue to improve further.”
Highlights of the Performance:
| Period | Q1 FY21* (Rs. in Crs) | Q1 FY20 (Rs. in Crs) |
| Gross Income | 198 | 323 |
| EBIDTA | 142 | 254 |
| Distribution | 87 | 174 |
| Per Unit | 1.50 | 3.00 |
*Q1FY21 numbers reflect impact of lockdown due to COVID-19
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