PSU Company Under Railway Ministry Declares Rise In Profit, 7% Dividend

Small cap company operating under Ministry Of Railway, Indian Railway Finance Corporation Ltd on May 25 announced a rise in its profit at Rs 6337 crore for FY 2022-23, up 4% against Rs 6090 crore declared in 2021-22 fiscal, as per its BSE filing. Current market price of Indian Railway Finance Corporation share is Rs 32.10 apiece with intraday gain of 0.31% on BSE. Check details below:

Indian Railway Finance Corporation Declares Dividend: According to the BSE filing of Indian Railway Finance Corporation, “Board of directors recommended the final dividend of Re 0.70 per equity share of Rs 10/- each for the financial year 2022-23, subject to approval of shareholders at the ensuing Annual General Meeting (AGM). This is in addition to the interim dividend of Re 0.80/- per equity share declared on 10th November 2022, thereby making total dividend for the financial year 2022-23 to Rs 1.50 per share, on the face value of Rs 10/- each. The final dividend for the financial year 2022-23 of Re 0.70 per share, if declared at the ensuing AGM will be paid to the shareholders within 30 days from the date of AGM.”

Indian Railway Finance Corporation Q4: The company’s revenue from operations for FY23 soared 17.70% at Rs 23,891 crore against Rs 20,298 crore announced a year ago. At the end of FY23, net worth surged 10.91% to Rs 45,470 crore as against Rs 40,996 crore declared in the year-ago period. During the same period, Assets Under Management (AUM) was at Rs 4,66,938 crore, up 8.6%.

Indian Railway Finance Corporation Stock Performance & Return: The current market price of Indian Railway Finance Corporation is Rs 32.10 per share on BSE. The stock’s 52-week high price is Rs 37.37 apiece and 52-week low price is Rs 19.30 apiece, respectively. The company has a market capitalisation of Rs 41,949.90 crore. Indian Railway Finance Corporation share gave 15% return in last 3-months, 51% return in last 1-year, and 34% return in last 2-year.

Indian Railway Finance Corporation About: Indian Railway Finance Corporation (IRFC) is the dedicated funding arm of Indian Railways. The company was set up in December 1986 for mobilizing funds from domestic and overseas markets to meet the pre-dominant portion of Extra Budgetary Resources requirement of Indian Railways, according to its official website.