IRFC Q2 results, revenue rises by 2%, profit by over 4%
The Railway-backed PSU Company has also declared an interim dividend of Rs 0.8 per share, the record date for which is yet to be determined.
IRFC Q2 results, revenue rises by 2%, profit by over 4%
State-owned Indian Railways Finance Corporation (IRFC) Ltd. declared its September quarter results on Monday, November 4, where its revenue increased by 2% from the same quarter last year to Rs 6,899.3 crore. The company's topline during the same quarter of the previous year stood at Rs 6,765 crore.
Net profit increased by 4.4% from the year-ago quarter to Rs 1,612.6 crore as compared to Rs 1,544.6 crore it reported during the same quarter last year.
IRFC has also declared an interim dividend of Rs 0.8 per share, as of equity share of Rs 10 per each.
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The Shares of IRFC are currently trading 3% lower at Rs 153.3. The stock has corrected 33% from its July peak of Rs 229.
The record date of paying an interim dividend has been fixed on 12th November 2024. The dividend will be dispatched after 30 days of declaring the record date.