Indian Railway Finance Corporation Limited (IRFC) has announced the results for the quarter ended June 2024. In the first quarter of fiscal year 2025, the company’s profit increased by 1.6 percent to Rs 1,576.8 crore
Indian Railway Finance Corporation Limited (IRFC) has announced the results for the quarter ended June 2024. In the first quarter of FY 2025, the company’s profit increased by 1.6 percent to Rs 1,576.8 crore, from Rs 1,551.2 crore in the same quarter a year ago. The company’s income has seen an increase of 1.4 percent, which has reached Rs 6,765.6 crore. The company had posted an income of Rs 6,673.9 crore in the same quarter a year ago.
In an exchange filing, the company said the company’s EBITDA rose to Rs 6,732.9 crore in the quarter ended June 2024 from Rs 6,644.6 crore in the year-ago quarter. The company’s EBITDA margin has come down from 99.6 percent year-on-year to 99.5 percent.
Performance
The stock of the company closed 2.34 per cent higher at Rs 184 on the NSE on Monday. In the last one year, the company’s stock has seen an increase of 261.85 percent. However, in the last one month, this railway stock has seen a decline of 15.38 percent. The stock’s 52-week high is Rs 229.