IRB InvIT Fund declares distribution of INR 3.00 per unit for Q2FY19

IRB Infrastructure Developer


IRB InvIT Fund (the Trust), India’s first listed Infrastructure Investment Trust has declared the distribution of Rs. 3.00 per unit for Q2 of the FY 19; a cash flow distribution of ~ Rs. 174 Crores

On a H1 FY19 basis, this has resulted in total per unit distribution of Rs. 6.05; out of which Rs. 4.45 is Interest component and rest Rs. 1.60 is return on capital.

While commenting on the occasion, the Spokesperson, IRB Infrastructure Pvt. Ltd. said, “We are pleased to report performance in line with the guidance that we had set at the time of listing. This is the sixth consecutive Quarter, where we have successfully maintained a payout of atleast Rs. 3 per unit, even with transport strike for over a week during the quarter. Once again, this demonstrates our capability and domain expertise to manage the InvIT affairs very effectively and efficiently.” He further added, “We are also grateful to the promoter and management team of our Sponsor Company for showcasing high trust and confidence in the performance of assets managed by investing in units of the trust. We would strive to excel in the overall interest of our all stakeholders.”

The Trust has set 31st October 2018 as a record date for distribution and the Distribution will be paid / dispatched to the unit holders on or before 6th November 2018.

Meanwhile, the CARE Rating firm has re-affirmed IRB InvIT with the “AAA” rating with the Stable Outlook for the long term bank facilities of Rs.1,536.36 Crores.

Highlights of Q2 and H1 of FY 2019:

Period Q2 FY 2019

(Rs. In Crs)

Q2 FY 2018**

(Rs. In Crs)

H1 FY 2019

(Rs. In Crs)

H1 FY 2018*

(Rs. In Crs)

Revenue 292 251 597 401
EBIDTA 235 207 495 330
Distribution 174 174 351 264

* IRB InvIT acquired six assets on 09th May 2017

** Pathankot Amritsar was transferred on 28th Sep 2017

About IRB InvIT Fund:

IRB InvIT Fund is the Trust settled by its Sponsor, IRB Infrastructure Developers Ltd and is registered under the SEBI’s Infrastructure Investment Trust Regulations 2014.

The Trust, set up to own, operate and maintain portfolio of toll road concessions, is managing seven operational road assets at present, with an aggregate value of approximately Rs. 75.6bn spread across the states of Maharashtra, Gujarat, Rajasthan, Karnataka, Tamil Nadu and Punjab.

The Weighted Average life of Assets under InvIT Portfolio is around 16 years.

About Sponsor, IRB Infrastructure Developers Ltd:

IRB Infrastructure Developers Ltd (IRB) is one of the largest private roads and highways infrastructure developers in India.

The Company at present is having portfolio of 24 projects with operating kilometers of around 12,000 Kms; along with near 20% share in India’s prestigious Golden Quadrilateral project; which is the largest by any private highways infrastructure developers in India.

IRB Infrastructure Developers Ltd. is India’s first Infrastructure developer Company to have privilege of successfully launching and listing of India’s first ever InvIT IPO.

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