Indian Railway Finance's Net Profit Rises in Fiscal Q2; Shares Jump 7%

MT Newswires Live

Nov 05, 2024

Indian Railway Finance (NSE:IRFC, BOM:543257) recorded a rise in its net profit to 16.1 billion Indian rupees in the fiscal second quarter ended Sept. 30 against 15.4 billion rupees a year ago.

Earnings per share came in at 1.23 rupees compared with a year-ago figure of 1.18 rupees, according to a filing to the stock exchanges on Monday by the infrastructure finance company.

Revenue from operations in fiscal Q2 also increased to 69.0 billion rupees from 67.6 billion rupees a year earlier.

The company's board declared an interim dividend of 0.80 rupees per equity share of 10 rupees each for the financial year 2024-25.

Shares of the company were up over 7% in recent trade.

Price (INR): ₹153.90, Change: ₹+10, Percent Change: +7.22%

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