Indian Railway Finance Corporation Limited (IRFC or the Company), a ‘Mini-Ratna’ Schedule-A public sector enterprise under the Ministry of Railways, Government of India, serves as the primary financing entity for Indian Railways.
Registered with the Reserve Bank of India as a non-deposit taking Non-Banking Finance Company (NBFC) and Infrastructure Financing Company (IFC), IRFC has released its unaudited standalone financial results for the second quarter and half-year ending 30th September 2024.
For the period ending 30th September 2024, the Company reported a profit after tax (PAT) of Rs. 3189.47 crore, compared to Rs. 3095.86 crore for the same period last year.
The company experienced a profit increase of 4.41% for Q2 FY 2024-25, reporting Rs. 1612.65 crore, up from Rs. 1544.58 crore in Q2 FY 2023-24.
Total income for the six months ending 30th September 2024 rose by 1.70%, reaching Rs. 13666.22 crore, compared to Rs. 13437.91 crore in the same period of the previous year.
For Q2 FY 2024-25, total income also increased by 2.04%, amounting to Rs. 6900.20 crore, compared to Rs. 6762.18 crore in Q2 FY 2023-24.
At the conclusion of the six-month period ending 30th September 2024, the net worth stood at Rs. 51464.12 crore, reflecting a growth of 9.77% from Rs. 46883.22 crore reported for the six months ending 30th September 2023.
The Assets Under Management (AUM) at the end of the six-month period reached Rs. 462282.62 crore.
