Incorporated in 1986, Indian Railway Finance Corporation borrows funds from the financial markets to finance the acquisition / creation of assets which are then leased out to the Indian Railways as finance lease
Financial Results:
- Indian Railway Finance Corporation Ltd reported Revenues for Q1FY24 of ₹6,679.00 Crores up from ₹5,627.00 Crore year on year, a rise of 18.7%.
- Total Expenses for Q1FY24 of ₹5,124.00 Crores up from ₹3,967.00 Crores year on year, a rise of 29.17%.
- Consolidated Net Profit of ₹1,557.00 Crores down 6.32% from ₹1,662.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹1.19, down 6.30% from ₹1.27 in the same quarter of the previous year.
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