Indian Railway Finance Corporation Limited (IRFC) is a public sector enterprise that specializes in financing railway projects in India. It was established in 1986 as the dedicated financing arm of the Indian Railways. The company’s main objective is to mobilize funds from various sources, including the domestic and international markets, to finance the development of the Indian Railways network.
Here is the quarterly earnings summary for Indian Railway Finance Corporation for the period ending December 31, 2022:
- Total revenue for the quarter was ₹6,217.96 crore, a 22% increase from the same period last year.
- Net profit for the quarter was ₹1,633.44 crore, a 2.4% increase from the same period last year.
- The company’s Debt-Equity ratio stood at 9.13 as of Dec 31, 2022.
- The Earnings per Share was ₹1.25 for this quarter.