IRB InVit Fund net profit dips 48 % to Rs 23 cr for Q1Fy21

New Delhi: IRB InVit Fund today reported a 48 percent dip in consolidated net profit at Rs 23 crore for the first quarter of the current fiscal as compared to Rs 42 crore in the corresponding quarter of the previous fiscal. 

The consolidated revenues from operat9ojs went down 37 percent at Rs 196 crore for the first quarter of the current fiscal as compared to Rs 315 crore in the corresponding quarter of the previous fiscal.

The total expenses declined to Rs 174 crore for the first quarter of the current fiscal as compared to Rs 279 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

The fund has declared first distribution of Rs 1.5 per unit for the current fiscal. The distribution will be paid as Rs 1.50 per unit as Interest. The record date for payment of distribution is fixed as 25 August.

 

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