Page 4 - Irfc

This railways related stock surpasses Tata Steel, Jio Fin, VBL in m-cap

With market cap of Rs 1.74 trillion, IRFC now stands at 41st position in overall market cap ranking on Monday, the BSE data shows.

This PSU stock has zoomed 240% in 6 months; market cap nears Rs 1.5 trn

As many as a combined 92.89 million equity shares of IRFC changed in the first hour of trades on the NSE and BSE.

IRFC extends rally with 32% jump in 1 week; hits new high on heavy volumes

The stock hit a new high of Rs 100.84, surging 9 per cent on the BSE in Friday's intra-day trade on the back of heavy volumes

IRFC posts Rs 6,337 crore profit in FY23, total revenue at Rs 23,891 cr

The Indian Railway Finance Corporation Limited (IRFC) posted a net profit of Rs 6,337.01 crore for the fiscal year 2023, an increase of over four per cent over last year, a company statement said on Friday. Addressing the Annual General Meeting, Shelly Verma, Chairman and Managing Director of IRFC, said the company reported a total revenue from operations amounting to Rs 23,891.28 crore, a 17.70 per cent year-on-year increase over the last fiscal year. The company has declared a total dividend of Rs 1,960.28 crore which works out to 30.93 per cent of profit after tax for FY 2022-23, she added. Verma said IRFC disbursed an amount of Rs 32,392.63 crore in FY23 to the Indian Railways. The asset under management for FY23 stands at Rs 4,66,938 crore, registering a year-on-year growth of 8.63 per cent. The capital adequacy ratio of IRFC continues to remain strong at 512.02 per cent in FY23, she added.

Ircon zooms 15%, IRFC m-cap hits Rs 1 trn: Why are railway stocks buzzing?

The US, Saudi Arabia, India, and other nations are discussing a possible infrastructure deal that could reconfigure trade between the Gulf and South Asia, linking Middle Eastern countries by railway

These two PSU stocks have zoomed 50% in last three days on heavy volumes

Shares of Indian Railway Finance Corporation (IRFC) and MMTC surged by up to 20 per cent on the BSE in Tuesday's intra-day trade on the back of heavy volumes

IRFC zooms 28% in 2 days on heavy volumes; market-cap hits Rs 80,000 crore

Shares of state run financier Indian Railway Finance Corporation (IRFC) hit a record high of Rs 64.50, nearly doubled since July, from the level of Rs 32.35 on the BSE.

IRFC slumps 6% as govt eyes 11% stake sale via OFS, stock up 49% in 2023

News agency Reuters reported the government will aim to sell up to 11 per cent stake in IRFC in multiple tranches, but it is yet to decide the exact quantum of sale

Stocks to Watch today, Aug 17: Auto, M&M, Railway, IRFC, Cipla, Nava, SAIL

Stocks to watch on August 17, 2023: Balrampur Chini, Delta Corp, GNFC, Indiabulls Housing Finance, India Cements, SAIL and Zee among 11 stocks in F&O ban on Thursday.

IRFC m-cap zooms past Shriram Finance, IDBI Bank; stock up 62% in 1 month

Currently, Indian Railway Finance with Rs 68,086 crore m-cap stood at 86th position in overall ranking, ahead of Shriram Finance (Rs 67,613 crore) and IDBI Bank (Rs 67,310 crore), the BSE data shows.

IRFC marches to new high; stock zooms 38% in a week on stable outlook

The company will continue to receive timely funding from the government through favourable lease agreement, owing to its strategic role as a dedicated funding arm of Indian Railways

RITES, IRFC sign pact to work in transport infrastructure sector

Engineering firm RITES on Thursday said it has signed a pact with the Indian Railway Finance Corporation (IRFC) to explore possibilities of collaborating in the railway eco-system and transport infrastructure sector. In a statement, RITES said it will offer consultancy and advisory services and assist in ascertaining the financial & technical viability of projects, while IRFC will provide financial services to projects/ institutions that have got backwards and forward linkages with the Railways. "RITES Ltd signs a memorandum of understanding (MoU) with Indian Railway Finance Corporation (IRFC) to explore avenues of mutual collaboration in the railway eco-system and the transport infrastructure sector," it said. RITES Ltd Chief Strategy Officer Manobendra Ghoshal said RITES' consultancy prowess and IRFC's financial expertise will stimulate mega and critical projects and drive sustainable growth in the transport infrastructure sector. The strategic partnership, through knowledge ...

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

The company's consolidated revenue from operation rose by 5.14 per cent to Rs 6,236 crore for the March quarter

Stocks to Watch: IRFC, Airtel, Jubilant Food, Delhivery, CBI, KP Energy

Stocks to Watch Today: Dabur India promoters, the Burman family, sold 1 per cent stake in the company through a block deal on Tuesday.

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

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

Rail stocks may chug along till budget; book profit selectively: Analysts

Railway stocks: In the upcoming budget, the railways has reportedly sought gross budgetary support (GBS) of Rs 1.5-1.8 trillion over the Rs 1.37 trillion figure earmarked during Budget 2022-23

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

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.

Govt gets Rs 952 cr dividend from IRFC, NALCO, Concor: DIPAM secy

The government has received Rs 952 crore as dividend from three public sector companies, DIPAM Secretary Tuhin Kanta Pandey said on Friday. With this, the total dividend receipts of the government from CPSEs so far this fiscal stands at Rs 16,728 crore. "Government has respectively received about Rs 711 crore, Rs 141 crore and Rs 100 crore from IRFC, NALCO, and CONCOR as dividend tranches," Pandey tweeted.

IRFC profits nearly doubled under outgoing CMD Amitabh Banerjee

Banerjee joined IRFC in 2019 after serving as the director of finance at Konkan Railways

IRFC garners $500 mn through green offshore bonds; lists bonds at GIFT City

The bonds issuance is part of the USD 7 billion Global Medium Term Note (GMTN) Programme, IRFC said