IRB Invit Fund has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
The Board of the Investment Manager approved the unaudited consolidated and standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations rose to Rs. 2,851.95 million from Rs. 2,696.44 million in Q1 FY25, while profit after tax grew to Rs. 995.97 million from Rs. 857.74 million. The Trust declared its first distribution for FY26 at Rs. 2.00 per unit, split as Rs. 1.57 interest, Rs. 0.15 return of capital, and Rs. 0.28 exempt dividend, with a record date of July 24, 2025 and payment by July 31, 2025. The filing also flagged a previously approved acquisition of three toll SPVs (Hapur Moradabad, Kaithal, Kishangarh Gulabpura) from the sponsor's Private InvIT at an equity value of Rs. 49,050 million and minimum enterprise value of Rs. 84,360 million, pending regulatory approvals. Total borrowings stand at Rs. 24,655 million with a net borrowing ratio of 0.29x and a debt-equity ratio of 0.65.
Unitholders receive a steady quarterly distribution with PAT growing ~16% year-on-year, and the Trust is set to materially expand its toll-road portfolio through a large related-party acquisition, though this will increase leverage and raise governance scrutiny on sponsor transactions.