Q4 results came out at 2.45 PM today. Here are the results
https://www.bseindia.com/xml-data/corpfiling/AttachLive/a5520d02-54e5-4e95-9504-afeee38b3fb5.pdf
The distribution is on the expected lines (Declared 4th distribution of Rs. 2.00/- per Unit, for the financial year 2022-23. The distribution will be
paid as Rs. 1.70/- per unit as Interest and Rs. 0.30/- per unit as Return of Capital).
On a rolling 4 quarters basis, the Post tax yield (at 30% tax bracket and 31.2% total tax) will be 8.59%, at closing price of 72.26 and pre-tax yield will be 11.14%
=======================================
While commenting on the occasion, the Spokesperson, IRB Infrastructure Pvt. Ltd. said, “The InvIT has well managed to continue with this distribution, despite certain odds like handing over two concessions duento completion. 26% rise in toll collection across all assets despite these odds, along with FASTag toll collection around 95% is noteworthy. Adding a HAM Asset, the first one for the Trust, which would
ensure consistent periodic revenue inflow, is another feather in the crown.” He further added, “Trust will continue to explore opportunities to acquire assets.”
To re-iterate, the Trust acquired its first Hybrid Annuity Asset, Vadodara Kim Project from the Sponsors, in October 2023, which is the first stretch to achieve COD on the prestigious Delhi Mumbai 8 Lanes Greenfield Expressway.
Cumulative Distribution since IPO crosses 57% to Rs. 3,387 Crs
Good recovery in revenue over FY22 despite completion of 2 Concessions
First HAM project added to the Portfolio
FY23 Toll Revenue rises 26% Y-o-Y
Electronic Toll Collection is now ~ 95% (Fastag)
The Trust has set 12th May 2023 as a record date for distribution and the same will be paid to the unit holders on or before 22nd May 2023.
| Subscribe To Our Free Newsletter |
