Indian Railway Finance Corporation announced Q4FY22 results: In FY22, the Company reported Profit After Tax (PAT) of Rs 6,090 crore vis-a-vis Rs 4,416 crore reported in the previous FY21. The Revenue from Operations for FY22 grew by 28.71% & stands at Rs 20,298.27 Crore, as against Rs 15,770.22 Crore in previous FY21. The revenue from operations for Q4FY22 grew by 16.39% to stand at Rs 5,931.12 Crore as against Rs 5,095.81 Crore reported in Q3FY22. Net worth for the FY22, stands at Rs 40,996.34 crore up by 14.15%, as against Rs 35,913.38 crore reported in the FY21. Assets Under Management (AUM) stands at Rs 4,15,237.68 crore as on 31st March 2022 registering a growth of 15.32%. The Earning Per Share (EPS) of the company is Rs 4.66 for FY 2021-22, as compared to Rs 3.66 for FY21 registering an increase of 27.32% YoY. The Board of Directors has recommended the final dividend of Rs 0.63 per equity share of Rs 10/- each for FY22. Commenting on the financial results, Shri. Amitabh Banerjee, Chairman and Managing Director, IRFC said: “IRFC has consistently exhibited a rising and strong financial performance on the back of raising funds at the most competitive rates and at the opportune time from the domestic and international markets. Despite the hardening of interest rate in the financial market, due to diversified borrowing portfolio IRFC could achieve reduction in weighted average cost of borrowing by 10 bps as compared to previous year. IRFC is committed to its contribution to India’s resolve in developing and expanding the Infrastructure Sector with a special impetus on Railway Sector. This is amply evident from the high quantum of borrowing mandate of ? 66,500 for FY 2022-23 received from MoR Government of India has encouraged private participation in rail projects and has approved participative models for rail connectivity and capacity augmentation projects. IRFC is set to expand its wings, and as per the mandate, it can finance non-Railway projects that have a backward and/or a forward linkage with the Indian Railways, which would include high-speed rails, dedicated freight corridors, station development, port development and multi-modal logistic parks.” Result PDF
Financial Highlights: IRFC posts 59% jump in net profit in H1 FY 2021-22 IRFC posted profit growth of 59% at Rs. 3,003 crore for the H1 FY 2021-22 from Rs. 1,887 crore for the corresponding period in the previous year. The company’s total revenue registered an increase of 26% for the H1 of FY 2021-22 from Rs. 7,383 crore to Rs. 9,272 crore. IRFC posted profit growth of 51 % at Rs. 1501 crore for the Q2 FY 2021-22 from Rs. 995 crore for the corresponding period in the previous year. IRFC’s total revenue registered an increase of 26 % for the Q2 of FY 2021- 22 from Rs. 3,714 crore to Rs. 4,690 crore Commenting on the financial results, Shri. Amitabh Banerjee, Chairman and Managing Director said: “The growth story of Indian Railways sector is depicted in the robust financial numbers of IRFC. As part of National Rail Plan 2030, Indian Railways is expected to create a future-ready railway system by 2030 to bring down logistics cost. IRFC is partner in growth of Indian Railways and can foresee a sustained growth in revenue and profitability in the coming years, in view of IRFC financing a major portion of the CAPEX outlay of Indian Railways.” Result PDF