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.

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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.

 

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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%.

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