IRFC Q4 FY22-23: Registers 4% increase in profit

The Board of Directors has also proposed a final dividend at 7% of Face Value of Rs. 10/- each i.e. Rs. 0.7 per share for FY 2022-23.

IRFC Q4 FY22-23: Registers 4% increase in profit

New Delhi: Indian Railway Finance Corporation Limited (IRFC), the dedicated market borrowing arm of the Indian Railways, posted a profit of Rs. 6337 crores for FY 2022-23 as against Rs. 6090 crores reported in FY 2021-22.

The revenue from operations for FY 2022-23 grew by 17.70% to stand at Rs. 23,891 crores as against Rs. 20,298 crores reported in FY 2021-22.

The earning per share of the company is at Rs. 4.85 at the end of FY 2022-23 as compared to Rs. 4.66 in the previous financial year.

Read Also : LIC Q4 results: Net profit stood at Rs 13,782 crore

The Board of Directors has also proposed a final dividend at 7% of Face Value of Rs. 10/- each i.e. Rs. 0.7 per share for FY 2022-23. The company has already paid Rs. 0.8 per share as interim dividend which amounts to a total dividend of Rs. 1.5 per share for FY 2022-23.

 

Read Also : NALCO surpasses past production records, Net Profit soars to Rs. 2060 crore with an impressive Revenue from Operations at Rs.13149 crore in FY24

Net worth at the end of FY 2022-23 stands at Rs. 45,470 crores up by 10.91%, as against Rs. 40,996 crores reported in FY 2021-22. The Assets Under Management (AUM) to end of FY2022-23 stands at Rs. 4,66,938 crores registering a growth of 8.6%.

Read Also : HUDCO posts 24% growth in Net Profit YoY, 10.40% growth in Revenue from Operations YoY