Indian Railway Finance Corporation Limited ("IRFC" or the "Company"), 'Mini-Ratna' Schedule-A Public sector enterprise under the administrative control of the Ministry of Railways, Government of India, holds a prominent position as the dedicated financing arm ofthe Indian Railways.
IRFC registered with RBI as non-deposit taking Non-Banking Finance Company (NBFC), and Infrastructure Financing Company (IFC), has reported its unaudited financial results (Standalone) for the 2nd Quarter and Half Year ended 30th September 2024.
During the period ending 30th September 2024, Company reported PAT at Rs. 3189.47 crore vis-a-vis Rs. 3095.86 crore reported in corresponding period in the previous year.
The company posted profit growth of 4.41% for Q2 FY 2024-25 at Rs. 1612.65 crore vis-a-vis Rs. 1544.58crore reported in Q2 FY 2023-24.
The total income for the six-month ended 30th September 2024 grew by 1.70% and stands at Rs 13666.22 Crore as against Rs. 13437.91 Crore reported in corresponding period of the previous year.
The total income for Q2 FY 2024-25 also grew by 2.04% and stands at Rs. 6900.20 Crore as against Rs. 6762.18 Crore reported in Q2 FY 2023-24.
Net worth at the end of six-month period ended 30thSeptember 2024, stands at Rs. 51464.12 crore up by 9.77%, as against Rs. 46883.22 crore reported in six-month ended 30th September 2023.
The Assets Under Management (AUM) to end of six-month ended 30th September 2024, stands at Rs.462282.62 crore.
The Earning Per Share of the company is at Rs. 2.44for the six-month period ended 30th September 2024and your Company is consistently paying dividends and declared Rs 0.80 /share (at dividend rate 8%) Interim dividend for FY 24-25.
Manoj Kumar Dubey, Chairman & Managing Director, IRFC, stated that IRFC will not only strengthen the financial ecosystem for Railway Infrastructure projects but is also making all efforts to diversify its lending portfolio as per current mandate into sectors with backward and forward linkage with Indian Railways.
Further, IRFC has Sanctioned Rs 700 Crore funding under finance lease model to NTPC Limited (National Thermal Power Corporation) for 20 BOBR Rakes under the General-Purpose Wagon Investment Scheme (GPWIS) of the Ministry of Railways.
