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Informist, Monday, Apr. 28, 2025

 

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--IRFC Jan-Mar net profit INR 16.82 bln vs INR 17.17 bln year ago 
--IRFC Jan-Mar revenue INR 67.23 bln vs INR 64.75 bln year ago 
--IRFC Jan-Mar finance costs INR 49.96 bln vs INR 47.25 bln year ago 
--IRFC FY25 net profit INR 65.02 bln vs INR 64.12 bln year ago 
--IRFC FY25 revenue INR 271.52 bln vs INR 266.49 bln year ago 
--IRFC board OKs raising up to INR 600 bln for FY26

 

By Shubham Rana

 

NEW DELHI – Indian Railway Finance Corp. Ltd's net profit fell for the first time in five quarters in Jan-Mar, mainly because of a decline in interest income, the company's financial results released on Monday showed. At 1423 IST, shares of the company were down 1.8% at INR 126.45 on the National Stock Exchange.

 

The net profit for Jan-Mar fell 2.1% on year to INR 16.82 billion. Sequentially, the net profit was up 3.1% from NR 16.31 billion reported for Oct-Dec. Interest income declined 8.0% on year and 2.0% on quarter to INR 19.70 billion for Jan-Mar, weighing on the net profit. 

 

Lease income, the biggest source of revenue for the company, rose 9.7% on year to INR 47.54 billion during Jan-Mar. The company had reported a lease income of INR 47.53 billion for Oct-Dec.

 

The company's total revenue from operations was up 3.8% on year at INR 67.23 billion in the quarter ended March.

 

Total expenditure increased 5.9% on year to INR 50.42 billion, led by a 5.8% rise in finance cost to INR 49.96 billion. Sequentially, total expenditure was down 1.8%, while finance cost fell 1.9% from Oct-Dec. 

 

For the financial year ended March, the company reported a net profit of INR 65.02 billion, up just 1.4% on year. Total revenue from operations was up 1.9% at INR 271.52 billion, while total expenditure rose 2.0% to INR 206.54 billion. 

 

IRFC's board Monday approved raising funds up to INR 600 bln for FY26 from both domestic and international markets, the company informed exchanges. 

 

The company can raise funds through various instruments including tax-free bonds, taxable bonds on private placement or public issue basis, capital gain bonds under section 54EC of Income Tax Act, zero coupon bonds, among others.

 

IRFC's board gave Randhir Sahay, an Indian Railway Accounts Service officer, the additional charge of director, finance, of the company from May 1.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

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