IRFC Q2 FY25 Results: 4% Profit Growth, Revenue Up 2% YoY

Indian Railway Finance Corporation Ltd (IRFC), the financing arm under the Ministry of Railways, announced its financial results for the quarter ending September 30, 2024. IRFC results reported a modest 4% year-on-year (YoY) growth in its profit after tax (PAT), reaching ₹1,612 crore, up from ₹1,544 crore in the same quarter last year.

Additionally, IRFC posted a 2% YoY increase in revenue from operations, which amounted to ₹6,899 crore. IRFC’s AUM also reached ₹4,62,283 crore by the end of September 2024.

IRFC's operating profit increased by 4.5% to ₹1,650.6 crore, up from ₹1,579.53 crore year-on-year. However, total expenses rose slightly by 1%, reaching ₹5,287.55 crore compared to ₹5,217.60 crore in Q2 FY24.

Quick Insights:

• Revenue: ₹6,899 crore, up by 2% YoY.
• Net Profit: ₹1,612 crore, up by 4% YoY.
• Stock Reaction: IRFC results were announced on Monday post market hours. At 10:35, IRFC’s share price is ₹150.77, down ₹2.47 (1.61%) from the previous close of ₹153.24.

Stock Market Reaction

IRCTC results were announced on Monday, post market hours. Following IRFC’s result announcement, its IRFC share price was ₹150.77 at around 10:35 AM, marking a decline of ₹2.47 (1.61%) from its previous close of ₹153.24. The stock opened today at ₹153.00, with an intraday range between a low of ₹148.61 and a high of ₹153.12.

The stock has delivered robust returns over the past year, rising 113%, with a 53% increase in the current calendar year. However, it has recently seen a slight correction, declining by 20% over the past three months and 2.5% over the past six months.

About IRFC and Upcoming News

Indian Railway Finance Corporation (IRFC) is a public sector undertaking (PSU) operating under the Ministry of Railways and serves as the financing arm for Indian Railways. IRFC plays a critical role in advancing the Indian Railways' Infrastructure Development Plan, acting as its primary market borrowing entity to meet all additional funding needs for capital expenditures. This funding covers a broad range of projects, from rolling stock to key railway infrastructure initiatives. Beyond financing Indian Railways, IRFC is also tasked with supporting projects that have direct and indirect ties to the railway sector. For the fiscal year 2023-24, IRFC disbursed a total of ₹16,705.20 crore to facilitate these developments.

In recent updates, the company’s board approved an interim dividend of ₹0.80 per equity share with a face value of ₹10. The record date to identify eligible shareholders is set for November 12.