Quarterly earnings came out at 2.45 PM today… so, as the saying goes, ‘it is all in the price already’ since market got to see the results for 45 mins before close
(read the fine print in point 9 about the operating expense)
Looks a good result at 1st glance but will double down on details later
No surprises on the distribution front and it is on expected lines… If the Q3 and Q4 distribution and its break up is similar to last year, then anyone buying in now at say 60 Rs price, will take in 15% pretax distribution…(read the fine print of Q3/Q4 expectation)
Declared 2nd Distribution of Rs. 2.05/- per Unit, for the financial year 2022-23. The
distribution will be paid as Rs. 1.25/- per Unit as Interest and Rs. 0.80/- per Unit as Return of Capital, subject to applicable taxes, if any.
Please note that October 21, 2022 has been fixed as the Record Date for the purpose of Payment of this Distribution and it will be paid / dispatched to the eligible Unitholders on or before October 31, 2022.
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