Indian Railway Finance Corporation Ltd Share Price – NSE  /  BSE

Finance, Mid Cap

Indian Railway Finance Corporation announced the cessation of Bhaskar Choradia (DIN: 08975719) as part-time government director on board of the company with effect from 15 April 2024.

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The Board of Indian Railway Finance Corporation at its meeting held on 27 March 2024 has appointed Uma Ranade, IRAS, AM(Budget) Railway Board (DlN: 10565537) as Additional Director to be designated as Chairman and Managing Director ( Additional Charge) on the Board of IRFC and also designated as CE0 of the Company with effect from 27 March 2024.

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Revenue from operations increased 8.43% year on year (YoY) to Rs 6,741.86 crore in the third quarter of FY24.

Profit before tax fell 1.78% to Rs 1,604.22 crore in Q3 FY24 as compared with Rs 1,633.44 crore posted in Q3 FY23.

On nine-month basis, the company’s consolidated net profit fell 5.96% to Rs 4,710.67 crore on 14.34% increase in revenue from operations to Rs 20,187 crore in 9M FY24 over 9M FY23.

Indian Railway Finance Corp. principal business is to borrow funds from the financial markets to finance.

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Revenue from operations increased 8.43% year on year (YoY) to Rs 6,741.86 crore in the third quarter of FY24.

Profit before tax fell 1.78% to Rs 1,604.22 crore in Q3 FY24 as compared with Rs 1,633.44 crore posted in Q3 FY23.

On nine-month basis, the company’s consolidated net profit fell 5.96% to Rs 4,710.67 crore on 14.34% increase in revenue from operations to Rs 20,187 crore in 9M FY24 over 9M FY23.

Indian Railway Finance Corp. principal business is to borrow funds from the financial markets to finance.

The scrip declined 5.12% to settle at Rs 153.70 on Friday, 9 February 2024.

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