Indian Railway Finance Corporation Ltd Share Price – NSE  /  BSE

Finance, Mid Cap

Indian Railway Finance Corporation Ltd rose 6.14% today to trade at Rs 81.79. The S&P BSE India Infrastructure index is up 1.06% to quote at 387.57. The index is up 11.09 % over last one month. Among the other constituents of the index, IRB Infrastructure Developers Ltd increased 3.59% and Adani Ports & Special Economic Zone Ltd added 1.97% on the day. The S&P BSE India Infrastructure index went up 27.97 % over last one year compared to the 11.73% surge in benchmark SENSEX.

Indian Railway Finance Corporation Ltd has added 67.4% over last one month compared to 11.09% gain in S&P BSE India Infrastructure index and 2.27% rise in the SENSEX. On the BSE, 2.91 lakh shares were traded in the counter so far compared with average daily volumes of 140.31 lakh shares in the past one month. The stock hit a record high of Rs 81.79 on 11 Sep 2023. The stock hit a 52-week low of Rs 20.55 on 26 Sep 2022.

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Indian Railway Finance Corp. announced that the 36th Annual General Meeting (AGM) of the company will be held on 22 September 2023.

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Indian Railway Finance Corporation has fixed 15 September 2023 as record date for final dividend for FY 2022-23.

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Total revenue from operations rose 18.69% year on year to Rs 6,679.17 crore in Q1 FY24.

In Q1 FY24, Total expenses jumped 29.21% to Rs 5,124.45 crore as compared with Rs 3,965.88 crore in Q1 FY23. Finance cost increased 29.22% YoY to Rs 5,090.97 crore. Employee benefit expense stood at Rs 2.76 crore (up 5.34% YoY),

Meanwhile, the board has extended the tenure of Swachhand, deputy general manager (Finance), IRFC as chief risk officer (CRO) of the company for a further period of 1 (One) year from 15.09.2023 to 14.09.2024.

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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