Wednesday, Jun 19 2024 | Time 16:51 Hrs(IST)
image
Business Economy


Cube InvIT declares Rs 3.94 DPU for Q4

New Delhi, May 23 (UNI) Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors Pvt Ltd, on Thursday said that the board of investment manager has approved a distribution per unit (DPU) of Rs 3.94 to ordinary unitholders for January-March quarter (Q4) of financial year 2023-24, amounting to a total distribution amount of Rs 508 crores.
The distribution comprises of Rs 1.79 per unit as interest, Rs 0.20 per unit as dividend, Rs 1.94 per unit as repayment of SPV loan and Rs 0.01 per unit as treasury income.
“With a reported total consolidated income for the year (FY24) at Rs 3,074 crores, consolidated EBITDA at Rs 1,956 crores and annual distribution of Rs 1,302 crores, we have a solid close to the first financial year post listing. FY24 witnessed a toll collection growth of 11.9% and a traffic growth of 6.5%," said Pankaj Vasani, Group CFO of Cube InvIT.
He further said, "Entering 2025, we feel confident in sustaining this momentum."
The investment manager declared a DPU of Rs 10.09 for the FY24 which comprises of Rs 7.10 per unit as interest, Rs 0.99 per unit as dividend, Rs 1.94 per unit as repayment of SPV loan and Rs 0.06 per unit as treasury income.
"The record date for the distribution is May 24, 2024, and the distribution payout will be made on or before June 6, 2024," Cube InvIT said.
Cube InvIT is an irrevocable Trust set up under the Indian Trusts Act, 1882 and registered with the Securities Exchange Board of India (SEBI) as an Infrastructure Investment Trust. It is engaged in implementing the public-private partnership (PPP) model in the country’s highways sector to operate and manage highway projects in association with the central and state governments.
"Cube InvIT’s portfolio of high-quality infrastructure assets is uniquely structured to deliver high near-term yields along with long-term inflation protected growth for its unitholders. We plan to acquire seven more road assets, subject to requisite regulatory and unitholder approvals, of which six are based on NHAI’s Hybrid Annuity Model where the revenues are not contingent on traffic and hence would contribute to a higher revenue stability and yields," said Vinay Sekar, CEO of Cube InvIT.
UNI NK CS1632
More News
Mesabi Metallics names Joe Broking as President & CEO

Mesabi Metallics names Joe Broking as President & CEO

19 Jun 2024 | 12:50 PM

New Delhi, June 19 (UNI) Essar Group firm Mesabi Metallics on Wednesday announced the appointment of Joe Broking to the position of president and chief executive officer (CEO).

see more..
Rupee up 5 paise against USD

Rupee up 5 paise against USD

19 Jun 2024 | 10:52 AM

Mumbai, June 19 (UNI) The rupee on Wednesday gained 5 paise at 83.36 against USD in opening trade on the brisk selling of USD by bankers and exporters, dealers at the Foreign Exchange said.

see more..
Sensex still on top; it opens at 77543 22 pts

Sensex still on top; it opens at 77543 22 pts

19 Jun 2024 | 10:31 AM

Mumbai, June 19 (UNI) Extending the rally on Wednesday, the BSE Sensex opened at a new high of 77543.22, rising 242 points as buying was seen in financial services and health care stocks.

see more..

Major currencies down

19 Jun 2024 | 10:05 AM

Mumbai, Jun 19 (UNI) Following were the indicative currency rates and travellers' cheques
buying and selling rates.

see more..

Kottayam-Kochi Rubber Market Rates

19 Jun 2024 | 1:55 AM

Kottayam June 18(UNI) Following were the Rubber Market rates announced by the Rubber Board here on Tuesday per quintal
KOTTAYAM
RSS FOUR: 20300
RSS FIVE : 19900
ISNR TWENTY: 17300
SIXTY PERCENT LATEX: 14160
KOCHI
RSS FOUR: 20300
RSS FIVE: 19900
INTERNATIONAL RATES (BANGKOK)
RSS One : 19373
RSS Two : 19237
RSS Three: 19112
RSS Four : 19043
RSS Five : 18941
KUALA LUMPUR
SMR TWENTY : 14633($175.15)
SIXTY PERCENT LATEX : 14264($170.75)
UNI PA SSP.

see more..
image