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 Q2FY24 of ₹6,767.00 Crores up from ₹5,810.00 Crore year on year, a rise of 16.47%.
- Total Expenses for Q2FY24 of ₹5,217.00 Crores up from ₹4,097.00 Crores year on year, a rise of 27.34%.
- Consolidated Net Profit of ₹1,550.00 Crores down 9.57% from ₹1,714.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹1.19, down 9.16% from ₹1.31 in the same quarter of the previous year.
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