Commitment continues; IRB InvIT to distribute Rs. 3.00 p/u for Q1 FY20
Mumbai, July 30, 2019: Continuing with the commitment on distribution since its listing, the IRB InvIT, India’s first listed Infrastructure Investment Trust has announced distribution of Rs. 3.00 per unit for Q1 of FY20.
IRB Infrastructure Pvt. Ltd., an Investment Manager for the IRB InvIT Fund, today announced the financial results of IRB InvIT Fund for Q1 FY20.
The Investment Manager has declared distribution of Rs. 174 Crores to the Unit Holders of the Trust for the quarter, translating into payout of Rs. 3.00 per unit. This includes Rs. 2.00 per unit as Interest and Rs. 1.00 per unit as Return of Capital.
While commenting on the occasion, Mr. Vinodkumar Menon, CEO & Whole Time Director of the Investment Manager said, “It’s always good to take the legacy forward with improved performance. Start of Q1 FY20 seems to be fairly good and much hopeful; strengthening our confidence in our ability to meet projected per unit payout of 12.00 for FY20.”
The Trust has set 5th August 2019 as a record date for distribution and the same will be paid to the unit holders on or before 12th August 2019.
Trust’s Performance for Q1 FY 20:
| Period | Q1 FY 20
(Rs. in Crs) |
Q1 FY19
(Rs. in Crs) |
| Revenue | 323 | 305 |
| EBIDTA | 254 | 250 |
| Distribution | 174 | 177 |
| Per unit | 3.00 | 3.05 |
