IRFC Q1 results, net profit recorded at Rs 1576 crore
Shares of IRFC are currently trading 1.9% higher at Rs 188.1. In 2024, IRFC shares have risen by 87%, and over the past 12 months, the stock has gained 269%.
State-owned Indian Railways Finance Corporation Ltd reported its June quarter results on Monday evening, where net profit remained flat on a year-on-year basis, coming in at Rs 1,576 crore, compared to Rs 1,551 crore last year.
The railway financier reported a revenue of Rs 6,765 crore, showing a 1.4% growth from the revenue of Rs 6,673 crore reported in the same quarter of the previous year. The Net Interest Income, or core income, for the quarter increased by 1.8% from last year to Rs 1,611 crore.
IRFC had earlier declared a final dividend of Rs 0.7 per share and has fixed August 22, 2024, as the record date to determine the eligibility of shareholders.
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Shares of IRFC are currently trading 1.9% higher at Rs 188.1. In 2024, IRFC shares have risen by 87%, and over the past 12 months, the stock has gained 269%.
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