New Delhi Indian Railway Finance Corporation Limited, Schedule ‘A’ Public Sector Enterprise (“IRFC” or the “Company”), the dedicated market borrowing arm of the Indian Railways, has announced its un-audited financial results for Q1 FY2023-24.
Read Also : HDFC Bank Q2 Business update, deposits up over 15% YoY
The revenue from operations of the company for Q1 FY24 grew by 18.69% to Rs. 6,679.17 Crore as against Rs. 5,627.44 Crore reported in Q1 FY23. The Company also reported PAT of Rs. 1,556.57 Crore for Q1 FY24 vis-à-vis Rs. 1,661.58 Crore reported in Q1 FY23.
Net worth and Assets Under Management (AUM) at the end of Q1 FY24 stand at Rs. 47,033.75 crore and Rs. 4,66,251.33 crore respectively. The earning per share of the Company is at Rs. 1.20 in Q1 FY24 as compared to Rs. 1.27 in Q1 FY23.
Read Also : Adani and Google announce collaboration to boost clean energy in India
Commenting on the financial results, Ms. Shelly Verma, CMD (Addl. Charge) & Director (Finance) said: “IRFC envisions to further expand its horizons and diversify its lending portfolio by venturing further into the railway ecosystem and leverage its financial expertise to contribute significantly to the nation's infrastructure development.”
Read Also : Garden Reach Shipbuilders receives LoA from Government of West Bengal
News Must Read
- Garden Reach Shipbuilders receives LoA from Government of West Bengal
- Bank of Baroda Q2 business update: Domestic deposits up by 7%, global business expands 10.23%
- NTPC Unchahar Head of Project Conquers Everest Base Camp
- PM Narendra Modi inaugurates GAIL’s CBG Plant in Ranchi
- SBI to add 600 branches in its network during FY25: Chairman C S Setty
- Power Grid signs SHA with RVPN to form JV in Rajasthan
- NHPC CMD highlights critical importance of dams in India's water management
- NTPC Mining delivers stellar performance in Half Yearly of FY2024-25
- HAL Delivers First AL-31FP Aero Engine to IAF Under New Contract
- HAL’s Advanced Light Helicopter all set for ONGC Offshore Missions