IRFC shares slide post Q4 results

IRFC share price NSE: IRFC shares slide post Q4 results: Indian Railway Finance Corp Ltd, NSE: IRFC shares on Friday (May 26) extended losses after the Indian Railways reported an 11 per cent drop in net profit at Rs 13,277.O5 crore in Q4 against Rs 14,924.95 crore in the corresponding quarter a year. The stock on Thursday was at Rs 32 on the NSE, 5 per cent lower from Wednesday's close of Rs 33.85.

The Indian Railways stock today opened at Rs 32 and at 10:29 AM. IRFC's shares on Friday finished down 0.31 a per cent or Rs 0.10 at Rs 31.9 apiece on NSE.  IRFC's revenue from operations for FY23 stood at Rs 2,38,912.75 crore as against Rs 2,02,982.6 crore reported a year ago.The earning per share of the company was Rs 4.85 at the end of FY23 as compared with Rs 4.66 in the year-ago period. 

IRFC dividend 2023

IRFC's board has proposed a final dividend at 7 per cent of the face value of Rs 10 each for FY 2022-23.

IRFC Share Price NSE History

IRFC shares have yielded a positive nearly 49 per cent return. YTD, the counter has negative nearly 4 per cent. IRFC made its stock market debut in January 2021 below the IPO issue price of Rs 26. IRFC is a wholly owned subsidiary under the Ministry of Railways.

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