IRFC Q4 results: Indian Railway Finance Corporation (IRFC) Limited said on Monday that its net profit in the March quarter of the financial year 2023-24 has increased by 34 percent to Rs 1,717.3 crore. The company has given this information to the stock markets. The company has said that its profit has increased due to increase in income. The public sector company had registered a profit of Rs 1,285.2 crore in the fourth quarter of the previous financial year.
what are the details
The company’s total income increased to Rs 6,477.9 crore in the January-March quarter, from Rs 6,230.2 crore in the same period last year. During the period under review, IRFC’s expenditure stood at Rs 4,760.6 crore, which was Rs 4,945 crore a year earlier. The company’s board also approved a final dividend of 70 paise per share for financial year 2023-24. The board also approved raising up to Rs 50,000 crore from both domestic and international markets for FY 2024-25.
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condition of shares
During special trading last Saturday, IRFC shares saw a rise of more than 10 percent and closed at ₹173 per share. The stock has risen 18.37% in the last five days and 420% in a year. In a year, this share has increased from Rs 33 to the current price. It has increased by 600% in five years. At the same time, in the last six months, IRFC shares have increased by more than 125.50 percent. Its 52 week high price is Rs 192.80 and 52 week low price is Rs 31.21. The market cap of the company is Rs 2,26,346.52 crore.
