Indian Railway Finance Corporation Limited (IRFC) has released its unaudited financial results for the quarter ended September 30, 2024, demonstrating growth in both revenue and profit.
For Q2 FY2024, IRFC reported revenue from operations of ₹6,899.34 crore, marking a 2.0% increase compared to ₹6,761.02 crore in the same quarter last year. This growth highlights the corporation’s steady revenue performance despite economic challenges.
The company’s net profit (Total Comprehensive Income) for Q2 FY2024 rose to ₹1,602.59 crore, a 2.7% increase from ₹1,559.70 crore in Q2 FY2023. The rise in profit indicates IRFC’s successful management of operational expenses, supporting profitability.
For the half-year ended September 30, 2024, IRFC reported total revenue of ₹13,664.97 crore, up from ₹13,434.91 crore in the corresponding period of the previous year. The net profit for this period was ₹3,191.72 crore, a rise from ₹3,117.84 crore in H1 FY2023, reinforcing a positive outlook for the company’s financial stability.
