Indian Railway Finance Corporation Ltd. News and Updates

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Indian Railway Finance Corporation Ltd.

03 Aug 2023

139.99

0.09%

Why IRFC share price is skyrocketing despite weakness in stock market today explained

livemint

IRFC share price has surged near 75% in last four months

Indian Railway Finance Corporation Ltd. is trading below its 30 day SMA of 140.0

Indian Railway Finance Corporation Ltd.

26 May 2023, 12:03PM

139.99

0.09%

IRFC Standalone March 2023 Net Sales at Rs 6,236.08 crore, up 5.14% Y-o-Y

Moneycontrol

Indian Railway Finance Corporation Ltd. is trading below its 30 day SMA of 140.0

IRFC Q4 results: Profit falls 11% to Rs 1,328 crore, revenue up 5%

Business Standard | 25 May 2023

Indian Railway Finance Corporation Ltd.

23 May 2023

139.99

0.09%

NHB, IRFC plan bond sales to raise up to Rs 4,500 crore

Economic Times

NHB is set to issue three-year non-convertible debentures (NCD) maturing in July 2026 with a base size of 500 crore with a green shoe option of 1,500 crore, sources aware of the development said. Bidding for the bonds will likely take place on May 24.

Indian Railway Finance Corporation Ltd. is trading above its 150 day SMA of 136.1

Indian Railway Finance Corporation Ltd.

20 Dec 2022

139.99

0.09%

Govt likely to sell 11% stake in IRFC by FY24 as part of disinvestment plan

Business Standard

Senior officials say govt plans to bring own shareholding down to 75%;

Indian Railway Finance Corporation Ltd. is trading below its 30 day SMA of 140.0

Indian Railway Finance Corporation Ltd.

29 Nov 2022

139.99

0.09%

From IRFC, RVNL to Ircon: Why railways stocks have been rallying?

livemint

Typically, railroad stocks are used as a tactical play, as per stock market analysts

Indian Railway Finance Corporation Ltd. is trading below its 30 day SMA of 140.0

Indian Railway Finance Corporation Ltd.

10 Nov 2022

139.99

0.09%

Indian Railway Finance Corporation Q2 profit surges 14% to Rs 1,714 crore

Business Standard

Indian Railway Finance Corporation (IRFC) on Thursday reported a 14 per cent increase in its profit at Rs 1,714 crore in the second quarter ended September 30, 2022. The company, which is the dedicated market borrowing arm of the Indian Railways, had earned a profit of Rs 1,501 crore in the same quarter of previous year. The revenue from operations for Q2 FY23 also grew by 23.88 per cent to Rs 5,810 crore as against Rs 4,690 crore reported in the same period of last year, IRFC said in a statement. Net worth stood at Rs 43,549 crore and Assets Under Management (AUM) at Rs 4,39,070 crore as on September 30, 2022, it said. The board of the company also approved an interim dividend of 8 per cent of face value of Rs 10 each, that is Rs 0.80 per share for 2022-23, it said. The cumulative funding to the Indian railway sector by IRFC has crossed Rs 5.05 lakh crore mark by the end of the Q2 FY23.

Indian Railway Finance Corporation Ltd. is trading above its 150 day SMA of 136.1

Indian Railway Finance Corporation Ltd.

13 Oct 2022

139.99

0.09%

IRFC raises 2,500 crore through NCDs

Business Line

At a competitive rate of 7.69 per cent per annum

Indian Railway Finance Corporation Ltd. is trading below its 30 day SMA of 140.0

Indian Railway Finance Corporation Ltd.

23 Sep 2022

139.99

0.09%

Indian Railway Finance Corporation's net profit nears Rs 6,100 cr in FY22

Business Standard

The net profit of the Indian Railway Finance Corporation (IRFC) Limited for the financial year 2021-22 stood at Rs 6,089.84 crore, an increase of 37.89 per cent against Rs 4,416.13 crore in the last fiscal, the company said on Friday. The 35th annual general meeting of the IRFC was held under the chairmanship of its Chairman and Managing Director, Amitabh Banerjee, on Friday. Addressing the AGM, Banerjee said, "The IRFC reported a strong financial performance during the year under review, with all-time high revenue and profits. The net profit of the IRFC for FY22 stood at Rs 6,089.84 crore, an increase of 37.89 per cent against Rs 4,416.13 crore in the last fiscal." Banerjee further informed that the total revenue from operations grew by 28.71 per cent year-on-year, amounting to Rs 20,298.27 crore, against Rs 15,770.22 crore in the last fiscal. The company has declared a total dividend of Rs 1,829.59 crore, which works out to 30.04 per cent of the profit after tax (PAT) for FY22, he