Indian Railway Finance Corporation Limited (IRFC) is a public sector enterprise established in 1986 under the Ministry of Railways, Government of India. It is the dedicated financing arm of the Indian Railways and plays a crucial role in raising funds for various infrastructure projects and operations of the railway sector. IRFC primarily focuses on financing the acquisition of rolling stock assets, including locomotives, coaches, wagons, and other railway equipment. The company provides financial assistance to the Indian Railways through the issuance of bonds and loans from domestic and international markets.
- Indian Railway Finance Corporation Limited reported Total Income for Q4 FY23 of ₹6,272.74 Crore up from ₹5,932.80 Crore year on year, a growth of 5.7%.
- Total Expenses for Q4 FY23 of ₹4,945.03 Crore up from ₹4,439.98 Crore year on year, a growth of 11.4%.
- Consolidated Net Profit of ₹1,327.70 Crore, down 11% from ₹1,492.49 Crore in the same quarter of the previous year.
- The Earnings per Share is ₹1.02, up from ₹1.14 in the same quarter of the previous year.