InvestorQ : Why was there a sharp fall in income reported by IRB IBVIT?
Anamika Sodhani made post

Why was there a sharp fall in income reported by IRB IBVIT?

Answer
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Angel dcosta answered.
1 month ago


IRB INVIT, India’s first listed investment trust, reported gross income of Rs.198 crore, a fall of over 40% on a YOY basis. Even EBITDA halved during the quarter to Rs.142 crore. IRB confirmed that the performance was impacted because as the INVIT worked only for 72 out of 90 days during the quarter.

IRB INVIT confirmed that its toll collections for its overall portfolio had touched 83% of pre-COVID levels. The INVIT owns, operates and maintains a portfolio of toll road concessions. However, this is a long term asset with weighted average life of assets of portfolio at 16 years.