IRB InvIT announces Q3 FY19 results

IRB Infrastructure Developer

IRB InvIT, India’s first Infrastructure Investment Trust has announced distribution of Rs. 3.10 per unit for the Q3 FY19; thus, maintaining the guidance of Rs 12.3 given in the beginning of the year.

The Board of IRB Infrastructure Pvt. Ltd., an Investment Manager to the IRB InvIT Fund, met today to discuss the Financial Results of the IRB InvIT Fund for the quarter ended 31st December 2018.The fund has declared distribution of Rs. ~180 Crores to its unit holders.

With this 3rd distribution for FY19, the total Distribution reaches Rs. 9.15 per unit; out of which Rs. 6.65 is an Interest component and Rs. 2.50 is Return of Capital.

While commenting on the occasion, the Spokesperson, IRB Infrastructure Pvt. Ltd. said, “We are happy to see that the distribution is in line with our guidance given in the beginning of the year; expect the same to continue in the coming quarter too.”

The Trust has set 29th January 2019 as a record date for distribution and the Distribution will be paid to the unit holders on or before 4th February 2019.

Highlights of the Trust Performance for Q3 FY18

IRBInvit Q3 FY19
· Distribution at 96% of NDCF for the quarter

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. 75.6 billion spread across the states of Maharashtra, Gujarat, Rajasthan, Karnataka, Tamil Nadu and Punjab.

The Weighted Average life of Assets under InvIT Portfolio is around 17 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 including 7 projects under O & M Contract for IRB InvIT, aggregating more than 12,000 lane Kms; along with 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.