irb invit: IRB InvIT Q2 results: revenues amount to Rs 328 cr

New Delhi: IRB InvIT, the first listed infrastructure in India, said on Saturday that its revenue in the September 2021 quarter had increased to Rs 328 crore. It had recorded a turnover of Rs 296 crore during the period last year, he said in a statement.

IRB InvIT did not provide profit figures for the quarter. The company said it declared a distribution of Rs 128 crore to unitholders, resulting in a payment of Rs 2.20 per unit for the second quarter.

This includes Rs 1.20 per unit as interest and Rs 1.00 per unit for capital reduction and with this the cumulative distribution per unit since listing has reached Rs 45.30.

Vinod Kumar Menon, executive director and CEO of the investment manager, said phased unlock across India has led to a strong recovery in all assets as toll collection has surpassed pre-COVID levels and excels in most construction transfers (BOT) active with the start of the holiday season.

He added that Pathankot Amritsar Asset is under pressure from the continued agitation from farmers.

“However, in accordance with the terms of the concession contract, we are eligible to receive cash compensation and an extension of the concession period for these losses,” he said.

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