Indian Railway Finance Corporation Ltd Share Price – NSE  /  BSE

Finance, Mid Cap

Indian Railway Finance Corp. announced that the Board of Directors of the Company at its meeting held on 02 November 2023, has recommended a Interim dividend of Rs.0.80 per share (i.e.8%), subject to the approval of the shareholders.

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Revenue from operations jumped 16.46% year on year to Rs 6,766.32 crore in Q2 FY24.

Total expenses increased 27.38% YoY to Rs 5,217.60 crore in Q2 FY24. Finance cost stood at Rs 5,181.48 crore (up 27.67% YoY), corporate social responsibility (CSR) was at Rs 28.72 crore (up 19.92% YoY) during the period under review.

Meanwhile, the company’s board has declared interim dividend of Rs 0.80 per share The record date for the same will be Friday, 10 November 2023.

IRFC is a dedicated financing arm of the Indian Railways for mobilising funds from domestic as well as overseas markets. The Government of India held 86.36% stake in the company as on 30 June 2023.

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Indian Railway Finance Corporation has fixed 10 November 2023 as record date for interim dividend of Rs 0.80 per share of Rs 10 each.

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Net profit of Indian Railway Finance Corporation declined 9.59% to Rs 1549.87 crore in the quarter ended September 2023 as against Rs 1714.28 crore during the previous quarter ended September 2022. Sales rose 16.47% to Rs 6766.63 crore in the quarter ended September 2023 as against Rs 5809.80 crore during the previous quarter ended September 2022.

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