IRFC That is, the Indian Railway Finance Corporation released the financial results of the first quarter of the current financial year on Tuesday. In the information given to the stock market, the company said that their net profit increased by 11 percent to Rs 1746 crore in the first quarter (April-June quarter) of FY 2025-26. This non-banking financial company (NBFC), which came under the administrative control of the Ministry of Railways, earned a net profit of Rs 1577 crore in the same period a year ago. IRFC stated in an exchange filing that its total income increased by 2.2 percent to Rs 6,918 crore in the April-June quarter, which was Rs 6766 crore in the first quarter of the previous financial year.
Reduction in spending of government company in the first quarter
In the first quarter of the current financial year, the company’s total expenditure declined slightly to Rs 5173 crore, which was Rs 5189 crore in the same period of the previous financial year. During this period, the company’s net interest margin increased to 1.53 percent, which is the best level in the last 3 years. Manoj Kumar Dubey, chairman and managing director of IRFC, said, “Our performance in this quarter shows its important role in strengthening the financial strategy of IRFC and furthering the goals of Indian Railways.”
A major decline recorded in IRFC shares on Tuesday
On Tuesday, IRFC shares recorded a major decline. Today, the shares of this government company on BSE closed at Rs 130.80 with a huge decline of Rs 3.60 (2.68%). IRFC shares are trading below their 52 weeks high. The company’s shares have 52 weeks high of Rs 209.10 and its 52 week is Rs 108.05. According to BSE data, IRFC’s current market cap is Rs 1,70,936.06 crore. Let us tell you that the company has released the results after the market is closed today, so after the market opening tomorrow, the shares can see strong action.
Disclaimer: This article has been written only for the purpose of information. Before any type of investment or before taking financial risks, consult your financial advisor. India TV will not be responsible for any type of risk.
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