IRFC Q4 dividend: Indian Railway Finance Corporation announces dividend alongwith Q4 earnings; check details

The board of Indian Railway Finance Corporation (IRFC) Ltd on Monday, May 20, approved a final dividend of 70 paise per share for the FY 2023-24, according to a stock market disclosure.

The dividend is subject to the company's shareholders' approval.

"This is in addition to the interim dividend of Rs 0.80/- per equity share declared on 2nd November 2023, thereby making total dividend for the Financial Year 2023-24 to Rs 1.50 per share, on the face value of Rs 10/-each. The Final Dividend for the financial year 2023-24 of 0.70 per share, if declared at the ensuing AGM, will be paid to the shareholders within 30 days from the date of the AGM," the company said in a BSE filing.

IRFC Q4 earnings

The state-owned company reported a 34 per cent rise in its profit to Rs 1,717.3 crore for the March 2024 quarter on account of higher income. It had clocked a profit of Rs 1,285.2 crore during the fourth quarter of the last fiscal.

Its total income rose to Rs 6,477.9 crore in the January-March quarter from Rs 6,230.2 crore in FY23.

During the period under review, its expenses stood at Rs 4,760.6 crore as against Rs 4,945 crore a year ago. Read more