Companies

IRB InvIT’s gross income falls 2.76 per cent in Q4

Our Burea Mumbai | Updated on June 05, 2020 Published on June 05, 2020

However, for FY20, the gross income registered a 3 per cent growth

IRB InvIT, an infrastructure investment trust, has reported ₹316 crore in gross income for March-ended quarter, a fall of 2.76 per cent.

In the March 2019 ended quarter, the gross income was ₹325 crore. For FY20, the gross income was ₹1,270 crore, a 3 per cent growth when compared to ₹1,233 crore posted in FY19.

IRB operates and manages seven operational road assets at present, with an aggregate value of approximately ₹7,560 crore, spread across the states of Maharashtra, Gujarat, Rajasthan, Karnataka, Tamil Nadu and Punjab.

Similarly, EBITDA in the March 2019-ended quarter came in at ₹253 crore, a dip of 3 per cent compared to ₹261 crore posted in year-ago period. For the fiscal year 2020, EBITDA was ₹1,021 crore, a 2.2 per cent growth, compared to ₹999 crore posted in FY19.

Further, the IRB Board has declared distribution of ₹104 crore to the unit holders translating into payout of ₹1.80 per unit for Q4; thus annualizing to ₹10.00 per unit for FY 20. This includes ₹7.00 per unit as interest and ₹3.00 per unit as Return of Capital.

IRB InvIT has set June 11, 2020 as distribution date.

Published on June 05, 2020

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