IRFC Q3 Results, Net profit stand at Rs 1,604 crore down by 1.78%

Indian Railway Finance Corporation Limited has reported a net consolidated profit standing to Rs 1,604 crore for the third quarter, down by 1.78 percent from Rs 1,633 crore from the previous year.

The share price of the company has been fell by 5.12 percent to settle down at Rs 153.70. Therefore, the stock has declined 20.28 percent from its one-year high value of Rs 192.80 spotted in January last. Despite the fall, the multi-bagger stock has managed to rally 503.93 percent from its 52-week low of Rs 25.45.

Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel

Read Also : Nishant Kumar selected as Deputy Secretary at AIIMS, New Delhi

The company's stock has a price-to-equity [P/E] ratio of 18.91 against a price-to-book [P/B] value of 2.63. IRFC has a one-year beta of 1.1 indicating high volatility on the counter.

The revenue from operations rose to 8.43 percent to Rs 6,742 crore in Q3FY24 as against Rs 6,218 crore in the corresponding period last year. 

Read Also : Vishal Garg selected as Director (Finance) at India Optel Limited

The current market capitalization stood at Rs 2,00,862.94 crore. The Indian Railway PSU crossed the one lakh crore rupees market capitalization in September last year. The share value has improved by 53.13% YTD and by 410.63% in the last year. Conventionally, the company plays an important role in supporting the Indian Railways Infrastructure Development Plan.

Read Also : Ashish Chatterjee to join as Government Director on SAIL Board