IRB InvIT Fund announced Q2FY23 results: Cumulative distribution for H1FY23 is Rs. 4.05 per unit Trust set to add HAM Asset, i.e., Vadodara Kim HAM project in Gujarat after overwhelming support by Unit Holders during EGM for the acquisition Total distribution since listing crosses Rs. 3,155 crore mark; thus, more than 50% of the fund raised at IPO, 5 years ago Toll collection goes up by 19%; also FASTag collection rises to 96% Commenting on the occasion, Mr. Vinod Kumar Menon, Executive Director & CEO of the Investment Manager said, “The addition of HAM Asset to portfolio is in line with our strategy to explore investment opportunities to enhance Stakeholders’ value and along with the other BOT Assets under portfolio, which would bring good revenue mix for the Trust.” He further added, “The toll collection across all Assets has already surpassed pre-COVID levels and is witnessing continuous improvements in the same. The forthcoming festive season may see some further improvement in the same. With all these positive signs, we expect to have good remaining quarters of the FY23” Result PDF
IRB InvIT Fund declares Q3FY22 result: IRB InvIT Fund to distribute Rs. 2.40 per unit for Q3 FY22 Quarterly distribution continues to improve and 9 months’ cumulative distribution reaches Rs. 6.40 p/u amounting to Rs 371.52 Crs Toll collection recommenced on the Pathankot Amritsar Highway Asset w.e.f 16th December 2021 Electronic Toll Collection reaches 96% as against 76% in corresponding quarter of FY21 Financing cost optimised further from 7.60% to 7.25%, subsequent to re-financing exercise undertaken by the Trust While commenting on the occasion, the Spokesperson, IRB Infrastructure Pvt. Ltd. said, “Restarting toll collection on Pathankot Amritsar Highway Asset and up-scaled toll collection through FASTags across all assets has been encouraging. Continued growth in collection is being witnessed across assets which will get strong support further from expected tariff increase, for most of the portfolio, basis the 13.6% WPI reported for the month of December. Also, to add, our lenders have re-financed the trust debt, which has brought down our cost of financing by a sizeable quantum; we are grateful to our lenders for the same.” He further added, “While excelling in performance of the assets, our search for viable assets to add to basket continues.” Result PDF