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IRFC Q4 Results 2024
Discover IRFC's Q4 2024 financial performance: increased revenue, profit, and dividends. Learn about the company's growth, challenges, and shareholder benefits in a straightforward summary of its latest financial report.
by S Samayanka
Updated May 20, 2024
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IRFC
The Indian Railway Finance Corporation (IRFC) is a government-owned company in India that raises funds for the expansion and operation of the railway system through capital markets and borrowing from other sources.
The company is mainly owned by the Government of India, with the Ministry of Railways having administrative control.
IRFC Q4 Results 2024
|
Fiscal Period |
Mar 23 |
Dec 22 |
QoQ Comp |
|
Total Revenue |
6,236.49 |
6,218.10 |
0.30% |
|
Selling/ General/ Admin Expenses Total |
4.26 |
2.40 |
77.24% |
|
Depreciation/ Amortization |
3.32 |
3.73 |
-10.99% |
|
Other Operating Expenses Total |
42.14 |
27.53 |
53.06% |
|
Total Operating Expense |
50.34 |
34.25 |
46.97% |
|
Operating Income |
6,186.15 |
6,183.85 |
0.04% |
|
Net Income Before Taxes |
1,327.70 |
1,633.45 |
-18.72% |
|
Net Income |
1,327.70 |
1,633.45 |
-18.72% |
|
Diluted Normalized EPS |
1.02 |
1.25 |
-18.52% |
|
Exchange |
BSE |
NSE |
|
Value |
173.24.40 |
173.254.25 |
|
Change |
(2.61%) |
(2.51%) |
|
Volume |
1.76 M |
27.12 M |
IRFC Q4 Results 2024 Highlights
IRFC Q4 Results 2024 Highlights
Indian Railway Finance Corporation (IRFC) recently announced its financial results for the fourth quarter of the fiscal year 2024.
IRFC made more money this quarter compared to the same period last year. Their profit went up by a significant percentage.
The company's total earnings, known as revenue, also increased compared to the previous year's fourth quarter.
IRFC provided more loans to the Indian Railways, which is its main business activity. The amount of these loans increased from the previous year.
The money IRFC earned from the interest on these loans also saw a rise, contributing to their higher revenue and profit.
IRFC declared a dividend, meaning they will share part of their profits with their shareholders.
Here are the key highlights:
- Total Income: ₹6,236.49 Cr., which is a 0.30% increase from the previous quarter.
- Operating profit: ₹6,186.15 Cr., marking a slight increase of 0.04%.
- Profit after tax: ₹1,327.70 Cr., showing a decrease of 18.72%.
- Operating Margin: Stood at 99.19%, a decrease of 0.26%.
- The Earnings Per Share (EPS) also saw a decline, with the Diluted Normalized EPS being ₹1.02, which is 18.52% lower than the previous quarter.
IRFC Dividend
- IRFC is considering giving money back to its shareholders, which is called a dividend.
- They will talk about this plan at a meeting soon.
- If they decide to give a dividend for the year 2023–24, shareholders need to agree at a special meeting.
- The exact date for when this dividend will be decided isn't mentioned yet.
- IRFC has given dividends in the past years; in 2023, they gave Rs 0.80 in November and Rs 0.70 in September per share.
- In 2022, they gave Rs 0.80 in November and Rs 0.63 in September per share.
- And in 2021, they gave Rs 0.77 in November and Rs 1.05 in February per share.
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IRFC Q4 Results 2024 - FAQs
1. Did IRFC declare a dividend?
Yes, IRFC plans to share part of its profits with shareholders.
2. What are the key financial highlights of IRFC's Q4 2024?
Total income increased by 0.30%, operating profit slightly increased, but profit after tax decreased by 18.72%.
3. How much is the dividend per share for past years?
In 2023, IRFC gave Rs 0.80 in November and Rs 0.70 in September per share.
4. What is IRFC?
IRFC is a government-owned company in India that raises money for the railway system.
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