IRB Infrastructure Pvt. Ltd., an Investment Manager for the IRB InvIT Fund, has announced the financial results of IRB InvIT Fund for Q1 FY19.
The Investment Manager has declared distribution of Rs. 177 Crores to the Unit Holders of the Trust, at ~92% of Net Distributable Cash Flow (NDCF) for the quarter, translating into payout of Rs. 3.05 per unit, in line with guidance of Rs 12.3 per unit total distribution for FY19. This includes Rs. 2.25 per unit as Interest and Rs. 0.80 per unit as Return of Capital.
While commenting on the occasion, Vinodkumar Menon, CEO & Whole Time Director of the Investment Manager said, “After a robust FY18, Q1 results strengthened our confidence in our ability to meet guided Rs 12.3 p/u payout for FY19. While the temporary blips in some projects has softened our performance for the quarter, strong collections in others has provided support and the situation will improve further as the diversions ease out over the coming quarters.”
The Trust has set 6th August 2018 as a record date for distribution and the same will be paid to the unit holders on or before 10th August 2018.
