IRB InvIT Fund (BSE: 540526), India’s pioneering listed Infrastructure Investment Trust, announced a distribution of Rs.1.50 per unit for unitholders covering Q3 FY26. This payout pushes the cumulative distribution for the first nine months of FY26 (9MFY26) to Rs.5.00 per unit. The decision emerged from the Board Meeting of the Investment Manager, which also approved the quarter’s financial results.
Since its listing, total distributions now stand at Rs.79.35 per unit, equating to Rs.4,816.60 crore overall. The record date for this distribution is set for February 16, 2026, with payments scheduled on or before February 23, 2026.
Strong Portfolio Performance and Expansion
Rushabh Gandhi, Executive Director and Chief Financial Officer of IRB Infrastructure Pvt. Ltd.—the Investment Manager for the Trust—highlighted the quarter’s robust toll performance across the portfolio. He noted that three recently acquired assets played a key role in driving growth. “The quarter under review remained vibrant, supported by strong toll performance across the portfolio,” Gandhi stated. “In particular, the three assets acquired recently contributed meaningfully to growth.”
A standout move was the acquisition of the VM7 (Gandeva-Ena) HAM project from the sponsor, fully funded by debt. This strategy aims to boost internal rates of return (IRRs) for unitholders. Gandhi added, “The enhanced portfolio-mix of matured operational BOT assets and annuity-generating HAM assets would deliver good returns to the Unitholders and maximize the value, ensuring sustained long-term benefits for them.”
Key Business Highlights
In Q3 FY26, the Trust acquired three operational BOT assets from IRB Infrastructure Trust. This was followed by the HAM asset purchase in Q4 FY26. These additions expanded the portfolio to 10 highway assets—eight BOT and two HAM—spanning 4,445 lane kilometers. The enterprise value of these assets now approximates Rs.18,000 crore.
The portfolio’s geographic footprint grew to include eight states: Maharashtra, Gujarat, Rajasthan, Karnataka, Tamil Nadu, Punjab, Haryana, and Uttar Pradesh. With a weighted average life of 17 years plus for these assets, the Trust positions itself for steady, long-term revenue streams.
About IRB InvIT Fund
Sponsored by IRB Infrastructure Developers Ltd., IRB InvIT Fund is registered under SEBI’s Infrastructure Investment Trust Regulations 2014. It operates and manages its highway concessions granted by respective nodal agencies, focusing on BOT and HAM models to deliver infrastructure yields to investors.
This announcement underscores IRB InvIT Fund’s ongoing strategy of debt-funded growth and asset diversification amid a vibrant toll environment.