IRFC Q1 results, net profit recorded at Rs 1576 crore
Shares of IRFC are currently trading 1.9% higher at Rs 188.1. In 2024, IRFC shares have risen by 87%, and over the past 12 months, the stock has gained 269%.
State-owned Indian Railways Finance Corporation Ltd reported its June quarter results on Monday evening, where net profit remained flat on a year-on-year basis, coming in at Rs 1,576 crore, compared to Rs 1,551 crore last year.
The railway financier reported a revenue of Rs 6,765 crore, showing a 1.4% growth from the revenue of Rs 6,673 crore reported in the same quarter of the previous year. The Net Interest Income, or core income, for the quarter increased by 1.8% from last year to Rs 1,611 crore.
IRFC had earlier declared a final dividend of Rs 0.7 per share and has fixed August 22, 2024, as the record date to determine the eligibility of shareholders.
Join PSU Connect on WhatsApp now for quick updates! Click here
Read Also : Retired IAS Officer Ajay Kumar set to be next UPSC Chairman
Shares of IRFC are currently trading 1.9% higher at Rs 188.1. In 2024, IRFC shares have risen by 87%, and over the past 12 months, the stock has gained 269%.
Read Also : Bhaskar Bhattacharya joins as Non-Official Independent Director on Board of PFC