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IRB InvIT announces Q2FY21 results; to distribute Rs 2 a unit

IRB-Infra

IRB InvIT, the country’s first listed infrastructure investment trust will distribute Rs.2.00 per unit for Q2FY21; thus, taking cumulative per unit distribution for the FY21 to Rs. 3.50.

The Board of IRB Infrastructure Pvt. Ltd., the Investment Manager to the IRB InvIT Fund, on October 30 announced the financial results of IRB InvIT Fund for second quarter and first half of FY21 and declared distribution of Rs.116 crore to unit holders translating into payout of Rs.2.00 per unit for the second quarter.

This comprises of Rs. 1.50 per unit as interest and Rs 0.50 per unit towards capital reduction, said a press release.

The Trust has set November 4 as a record date for distribution and the same will be paid to the unit holders on or before November 13.

Vinod Kumar Menon, Executive Director & CEO of the Investment Manager, said, “Despite partial unlocking across the country, the second quarter witnessed much improvement in the operations. With expectations of further improvements with more unlocking, we are pleased to state that as expected the normalcy in toll collections at all our projects is almost achieved and at present the toll collection is at par and above in comparison with the corresponding quarter of FY20.”

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