IRFC Profit Rises to Rs 1,631 Crore in Dec Quarter
By Rediff Money Desk, New Delhi Jan 20, 2025 17:15
Indian Railway Finance Corporation (IRFC) reported a 2% rise in net profit to Rs 1,631 crore in the December quarter, driven by increased income and reduced expenses. The NBFC's total income rose to Rs 6,766 crore, while expenses fell to Rs 5,136 crore.

New Delhi, Jan 20 (PTI) Indian Railway Finance Corporation Ltd (IRFC) on Monday reported a 2 per cent increase in net profit to Rs 1,631 crore for the third quarter ended December 2024.
The NBFC, under the administrative control of the Ministry of Railways, had earned a net profit of Rs 1,599 crore in the year-ago period.
The total income of the company rose to Rs 6,766 crore in the October-December period from Rs 6,740 crore in the year-ago period, IRFC said in a regulatory filing.
The total expenses of the Mini-Ratna company during the period under review fell marginally to Rs 5,136 crore from Rs 5,141 crore in the corresponding period a year ago.
The networth of the company rose to Rs 52,046 crore at the end of December 2024 compared to Rs 47,443 crore at the end of third quarter of previous fiscal.
The company raised Rs 6,600 crore via bonds during the quarter to fund business expansion.
The NBFC, under the administrative control of the Ministry of Railways, had earned a net profit of Rs 1,599 crore in the year-ago period.
The total income of the company rose to Rs 6,766 crore in the October-December period from Rs 6,740 crore in the year-ago period, IRFC said in a regulatory filing.
The total expenses of the Mini-Ratna company during the period under review fell marginally to Rs 5,136 crore from Rs 5,141 crore in the corresponding period a year ago.
The networth of the company rose to Rs 52,046 crore at the end of December 2024 compared to Rs 47,443 crore at the end of third quarter of previous fiscal.
The company raised Rs 6,600 crore via bonds during the quarter to fund business expansion.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Quadrant Televenture
- 0.52 (+ 4.00)
- 12853532
- Vodafone Idea L
- 9.30 ( -1.80)
- 9060161
- Srestha Finvest
- 0.68 ( -1.45)
- 7213117
- Murae Organisor
- 1.84 (+ 3.95)
- 6694214
- Thinkink Picturez
- 0.41 ( -4.65)
- 4243248
MORE NEWS
Rolls-Royce Doubles India Sourcing in 5 Years
Rolls-Royce plans to double its supply chain sourcing from India over the next five...

Rupee Hits Record Low of 87.95 Against US Dollar
Indian rupee plunges to a record low of 87.95 against the US dollar in early trade,...

Sensex, Nifty Slump: Tariffs, Outflows Weigh on...
Indian stock markets declined on Monday due to fresh tariffs concerns and continued...