IRFC holds its 36th Annual General Meeting; net profit nears Rs 6,337 cr mark in FY23
While addressing the AGM, Smt. Shelly Verma said: “IRFC reported a strong financial performance during the year under review, with all-time high revenue and profits."
![IRFC holds its 36th Annual General Meeting; net profit nears Rs 6,337 cr mark in FY23](https://www.psuconnect.in/sdsdsd/RFC_holds_its_36th_Annual_General_Meeting.jpg)
NEW DELHI: Indian Railway Finance Corporation Limited (IRFC) holds its 36th Annual General Meeting under the chairmanship of Smt. Shelly Verma, Chairman and Managing Director (Additional Charge) and Director (Finance) of the company.
While addressing the AGM, Smt. Shelly Verma said: “IRFC reported a strong financial performance during the year under review, with all-time high revenue and profits. The net profit of IRFC for FY23 stood at Rs 6,337.01 crore, an increase of 4.06% against Rs 6,089.84 crore in the last fiscal.”
Smt. Verma further informed that the total revenue from operations grew by 17.70%, year-on-year, amounting to Rs 23,891.28 crore against Rs 20,298.27 crore in the last fiscal year. The company has declared a total dividend of Rs 1,960.28 crore which works out to 30.93% of PAT for FY 2022-23, she added.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYWhile addressing the shareholders during the virtual AGM, Smt. Verma informed that IRFC disbursed an amount of Rs 32,392.63 crore in FY23 to the Indian Railways.
The AUM for FY23 stands at Rs 4,66,938 crore, registering a year-on-year growth of 8.63%. The capital adequacy ratio of IRFC continues to remain strong at 512.02% in FY23, she added
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsThe Annual General Meeting was attended by Smt. Uma Ranade Additional Member (Budget)/Railway Board, Representative of Hon’ble President of India; Shri. Bhaskar Choradia Government Nominee Director; Shri. Vallabhbhai Maneklal Patel Non-Official/Independent Director; Smt. Sheela Pandit Non-Official/Independent Director; Shri. Sunil Kumar Goel Group General Manager (Finance) & Chief Financial Officer; Shri. P.K. Ojha General Manager (Finance) & Chief Investor Relation Officer; Shri. Vijay Shirode Company Secretary; M/S KBDS & Co. Statutory Auditor and others. A total of 154 shareholders participated in the virtual AGM.
Read Also : India assumes the Chair of Asian Disaster Preparedness CentreNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh