IRFC Q1 Result Highlights: PAT rises YoY to 68 % at Rs 1,502 cr, revenue from operations up by 25% - Check details
IRFC Q1 Results: Indian Railway Finance Corporation (IRFC) has posted profit growth of 68 per cent for Q1 FY22 at Rs 1,502 crore vis-a-vis Rs 892 crore in the same period of last year.
Indian Railway Finance Corporation (IRFC) has posted profit growth of 68 per cent for Q1 FY22 at Rs 1,502 crore vis-a-vis Rs 892 crore in the same period of last year.
See Zee Business Live TV Streaming Below:
Revenue from operations grew by 25 per cent to Rs 4,582 crore as against Rs 3,669 crore in the same period.
Net worth of the company at the end of Q1 FY22 stands at Rs 37,417 crore, up by 20 per cent as compared to Rs 31,193 crore reported in Q1 FY21.
Total borrowings at Rs 3. 28 lakh crore are up by 40 per cent as against Rs 2.34 lakh crore. Assets under management to end of Q1 FY22 were Rs 3.66 lakh crore.
The dedicated market borrowing arm of Indian Railways continues to raise funds at competitive rates and terms from domestic and overseas financial markets which has helped keep its cost of borrowing low.
Amitabh Banerjee, Chairman and Managing Director, said the consistently strong financial results of IRFC tell the tale of immense growth in railway infrastructure in the country.
"In view of massive railway infrastructure investment envisaged as per National Rail Plan 2030, IRFC can foresee a sustained growth in revenue and profitability in the coming years," said Banerjee in a statement.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
11:22 AM IST