IRFC | Business Upturn

Top stocks for trade today, April 7: Godrej Consumer Products, Kalyan Jewellers, IRFC, Aurobindo Pharma and more

Aman Shukla — Tue, 07 Apr 2026 03:24:54 +0000

A range of corporate updates across consumption, railways, finance, pharma, and metals is expected to keep several stocks in focus on April 7. Earnings indicators, order wins, regulatory approvals, and business expansions dominate today’s triggers.

Consumption & Retail

Godrej Consumer Products said its India business is likely to deliver double-digit underlying sales growth in Q4, indicating steady demand trends in the domestic FMCG segment.

Kalyan Jewellers reported 64% overall revenue growth in Q4, with same-store sales growth exceeding 45%, pointing to strong festive and wedding demand.

PC Jeweller posted 32% YoY revenue growth in Q4 while also reducing its outstanding debt by 23%.

FSN E-Commerce Ventures (Nykaa) said it is in discussions for multiple acquisition opportunities, signaling potential inorganic expansion.

Jubilant FoodWorks reported 19.1% revenue growth, though like-for-like growth for Domino’s India remained muted at 0.2%.

Financials & Lending

Indian Railway Finance Corporation sanctioned and disbursed a ₹1,000 crore loan to MAHAGENCO, reinforcing its role in infrastructure financing.

CreditAccess Grameen reported a 14% YoY rise in gross loan portfolio and 28% growth in disbursements, reflecting continued rural credit demand.

Star Health and Allied Insurance received IRDAI approval for transmission of 8.28 crore shares held by the late Rakesh Jhunjhunwala.

Railways & Infrastructure

Railway-related stocks could remain active after ₹1,364 crore approval for KAVACH deployment by Indian Railways.

Key companies linked to the development include:

KEC International
HBL Power Systems
Kernex Microsystems

Titagarh Rail Systems also received approval for brownfield expansion of its naval arm, supported by ₹129 crore in capital assistance.

Pharma & Healthcare

Aurobindo Pharma said its subsidiary CuraTeQ Biologics reported positive Phase 3 results for an Omalizumab biosimilar (BP11), marking progress in its biologics pipeline.

Metals & Industrials

Shyam Metalics and Energy reported 58.9% YoY growth in stainless steel sales in March, with 19% rise in realisations.

Gallantt Ispat posted 14% YoY growth in power generation and 9% increase in steel sales.

Bharat Forge saw Class 8 truck orders rise 137% YoY to 38,200 units in March, indicating strong demand in the commercial vehicle segment.

Shipping, Defence & Logistics

Swan Defence and Heavy Industries secured a ₹1,500–3,000 crore contract for building four bulk carriers.

Gujarat Pipavav Port reported a decline in cargo volumes, with container traffic down 4.07% and dry bulk down 2.1% YoY in Q4.

Hospitality & Expansion

Brigade Enterprises announced a management agreement with Hyatt Hotels Corporation for:

Grand Hyatt Chennai
Hyatt House Devanahalli

Market Context

The updates span multiple sectors including FMCG, railways, pharma, and metals, suggesting stock-specific action may dominate trading on April 7. Order inflows, operational performance, and regulatory developments remain the primary triggers.

IRFC shares surge over 2% after Rs 12,842 crore loan agreement with HURL

Aman Shukla — Tue, 24 Mar 2026 03:48:12 +0000

Shares of Indian Railway Finance Corporation (IRFC) moved higher by over 2% after the company announced a major rupee term loan agreement with Hindustan Urvarak and Rasayan Limited (HURL) to refinance its existing long-term debt of up to ₹12,842 crore. The deal stands out as one of IRFC’s largest refinancing transactions and signals its continued expansion beyond traditional railway financing.

The agreement reflects IRFC’s broader “whole-of-government” financing strategy, where the company is increasingly supporting infrastructure sectors that are closely linked with railway logistics. Chairman and Managing Director Manoj Kumar Dubey emphasised that the transaction aligns with IRFC’s vision of providing cost-effective, long-term funding to strategically important sectors such as fertilizers, while also strengthening railway-linked supply chains.

The loan agreement was formalised in New Delhi in the presence of senior officials from both organisations. Sunil Kumar Goel, Executive Director (Finance) at IRFC, and Poonam Jeswani, Chief Financial Officer of HURL, signed the deal, marking a significant step in collaboration between the two entities.

This refinancing initiative is expected to deliver meaningful financial benefits to HURL through competitive interest rates and a more efficient repayment structure. The move is likely to improve debt servicing efficiency, enhance liquidity, and allow the company to allocate more resources toward operational strengthening and future growth. HURL’s plants, which are well connected to railway infrastructure, further reinforce the strategic importance of this deal, highlighting strong forward and backward linkages with the rail ecosystem.

HURL, a joint venture backed by major public sector companies including NTPC Limited, Coal India Limited, and Indian Oil Corporation, was established to revive closed fertilizer plants at Gorakhpur, Sindri, and Barauni. With all three units now operational, the company plays a crucial role in boosting India’s domestic urea production and supporting agricultural sustainability.

Founded in 1986, IRFC has been a key financial backbone for Indian Railways, raising long-term funds at competitive rates. As a Navratna CPSE, the company is now broadening its scope to finance projects across sectors such as power, mining, warehousing, telecom, metro rail, ports, and multimodal logistics, particularly those with strong railway linkages.

Govt drops greenshoe option in IRFC stake sale via OFS

Aman Shukla — Wed, 25 Feb 2026 13:44:06 +0000

The Government of India has decided not to exercise the greenshoe option in the ongoing Offer for Sale (OFS) of Indian Railway Finance Corporation (IRFC), keeping the total divestment at 2% of the company’s paid-up equity share capital.

As per the notice dated February 24, 2026, the President of India, acting through the Ministry of Railways, had proposed to sell up to 26,13,70,120 equity shares, representing 2% of IRFC’s total paid-up equity share capital. This constituted the base offer size under the OFS.

The OFS opened on February 25, 2026 (T day) for non-retail investors and on February 26, 2026 (T+1 day) for retail investors, employees, and non-retail investors who opted to carry forward their unallotted bids from T day. The offer was conducted through the separate designated window of BSE Limited and National Stock Exchange of India Limited.

In addition to the base offer size, the government had retained an option to sell an additional 26,13,70,120 equity shares, representing another 2% stake, under the oversubscription option, commonly referred to as the greenshoe option. If exercised, the total offer size would have increased to 4% of IRFC’s paid-up equity share capital.

However, the government has now confirmed that the oversubscription option will not be exercised. As a result, the total stake sale remains limited to the base offer size of 2%, and the equity shares forming part of the base offer will continue to be treated as the final offer shares.

IRFC raises JPY-equivalent USD 400 Million ECB from SMBC, MUFG

Aman Shukla — Wed, 25 Feb 2026 11:39:17 +0000

million through an External Commercial Borrowing (ECB), marking its second overseas fundraising in FY 2025–26. The agreement was executed in New Delhi with a consortium comprising Sumitomo Mitsui Banking Corporation (SMBC) GIFT City Branch and MUFG Bank Ltd GIFT Branch.

The five-year ECB facility is benchmarked to the Tokyo Overnight Average Rate (TONAR), enabling IRFC to tap into Japan’s low-interest rate environment while maintaining a diversified funding profile. The transaction follows the company’s earlier successful ECB raise of JPY equivalent USD 300 million in December 2025, taking the total overseas borrowing this financial year to JPY equivalent USD 700 million.

The proceeds from the USD 400 million facility will be utilised for financing projects that have forward or backward linkages with the railway sector. Funds may also be deployed for other projects as approved by the company, in compliance with prevailing ECB guidelines.

As the dedicated financing arm of Indian Railways, IRFC continues to expand its global funding footprint to optimise borrowing costs and strengthen its liquidity position. The latest ECB transaction further reinforces the company’s access to international capital markets and supports ongoing railway infrastructure development across India.

IRFC shares jump over 5% after Rs 9,821 crore loan deal with DFCCIL

Aman Shukla — Fri, 26 Dec 2025 04:16:50 +0000

Shares of Indian Railway Finance Corporation Limited (IRFC) moved sharply higher by over 5% in early trade on Thursday after the company executed a major rupee-term loan agreement worth ₹9,821 crore with Dedicated Freight Corridor Corporation of India Limited (DFCCIL). The deal marks an important step in strengthening domestic infrastructure financing and reducing exposure to foreign currency borrowings.

The loan agreement was signed on December 23, 2025, at the Railway Board in New Delhi, and the entire loan amount has already been disbursed. The rupee-term loan has been extended by IRFC to refinance DFCCIL’s existing foreign currency debt availed from the World Bank (IBRD) for the development of the Eastern Dedicated Freight Corridor, one of India’s most critical rail infrastructure projects.

IRFC, a Government of India-owned non-banking financial company operating under the administrative control of the Ministry of Railways, continues to play a central role in funding large-scale railway and logistics infrastructure. By replacing foreign currency loans with a domestic rupee loan, the refinancing is expected to reduce currency risk for DFCCIL while ensuring more stable long-term financing for the freight corridor project.

The agreement was executed in the presence of the Chairman and CEO of the Railway Board, Shri Satish Kumar, along with senior officials from both organisations. It was formally signed by Shri Rahul Kapoor, Director (Finance) of DFCCIL, and Ms. Deepa Kotnis, Executive Director (Finance) of IRFC.

Following the announcement, IRFC shares witnessed strong buying interest in the market. As of 9:46 AM, the stock was trading 5.62% higher at ₹5.62, reflecting positive investor sentiment.

IRFC signs Rs 9,821 crore Rupee Loan Agreement with DFCCIL to refinance World Bank debt

Aman Shukla — Wed, 24 Dec 2025 12:55:34 +0000

Indian Railway Finance Corporation Limited (IRFC) has executed a major rupee-term loan agreement worth ₹9,821 crore with Dedicated Freight Corridor Corporation of India Limited (DFCCIL), marking a significant step in strengthening domestic infrastructure financing. The agreement was signed on December 23, 2025, at the Railway Board in New Delhi, and the full loan amount has already been disbursed.

Indian Railway Finance Corporation Limited, a Government of India-owned NBFC operating under the administrative control of the Ministry of Railways, extended the rupee loan to refinance DFCCIL’s existing foreign currency debt availed from the World Bank (IBRD). The refinancing pertains to loans taken for the development of the Eastern Dedicated Freight Corridor, one of India’s most critical rail infrastructure initiatives.

The loan agreement was executed in the presence of the Chairman and CEO of the Railway Board, Shri Satish Kumar, along with senior officials from both organizations. The agreement was formally signed by Shri Rahul Kapoor, Director (Finance) of DFCCIL, and Ms. Deepa Kotnis, Executive Director (Finance) of IRFC.

Established in 1986 as the dedicated financing arm of Indian Railways, IRFC has played a central role in mobilising long-term funds at competitive rates to support railway infrastructure expansion. As a Navratna CPSE, IRFC has steadily diversified its financing portfolio beyond rolling stock to include projects with forward and backward linkages to the rail ecosystem. These include power generation and transmission, mining and fuel, coal logistics, warehousing, telecom, metro rail, freight corridors, ports, multimodal logistics, and allied infrastructure. The company continues to maintain a strong asset quality profile, supported by a zero non-performing asset (NPA) portfolio.

Dedicated Freight Corridor Corporation of India Limited, a wholly owned entity of the Ministry of Railways, is responsible for the development, operation, and maintenance of dedicated freight corridors across the country. These corridors are a key pillar of Indian Railways’ long-term strategy to boost freight capacity, improve logistics efficiency, and reduce congestion on passenger routes.

By refinancing its existing IBRD loans through rupee-denominated funding, DFCCIL stands to gain multiple financial advantages. The shift reduces exposure to foreign exchange volatility, improves predictability in debt servicing, and aligns long-term liabilities more closely with rupee-based revenue streams. This is expected to enhance overall cash flow management and financial stability for the project.

The Eastern Dedicated Freight Corridor is a flagship national infrastructure project aimed at transforming freight transportation in India. Once fully operational, it is expected to significantly reduce transit times, decongest existing rail lines, lower logistics costs, and support industrial and economic growth across northern and eastern India.

Top stocks to watch today, December 3: Maruti Suzuki, Adani Enterprises, Sun Pharma, Oil India, IRFC and more

Aman Shukla — Wed, 03 Dec 2025 02:57:18 +0000

The Indian stock market is expected to open on a quiet note today, with GIFT Nifty futures signalling a flat start for both the Sensex and Nifty 50. Here’s a quick look at the major stocks in focus today based on key corporate developments and regulatory updates.

Top Stocks to Watch Today

Maruti Suzuki
The automaker has unveiled its first electric vehicle, the e-Vitara, offering a claimed range of 543 km. The company has also introduced its EV ecosystem as part of its long-term electrification strategy.

Adani Enterprises
Adani Enterprises has diluted its stake in its subsidiary Astraan Defence, transferring the stake to its joint venture partner MSM Group.

Dr. Reddy’s Laboratories (DRL)
The Delhi High Court has permitted the manufacturing of semaglutide, a diabetes and anti-obesity drug, in India, along with approval to export it.

Sun Pharma
The board has approved an investment proposal of ₹3,000 crore to establish a formulations manufacturing facility in Madhya Pradesh.

Canara Bank
The bank has raised ₹3,500 crore through Tier-1 bonds at a coupon rate of 7.55%.

Oil India
The Finance Ministry has approved the upgradation of Numaligarh Refinery Ltd. (NRL) to Navratna status, giving it greater operational and financial autonomy.

IRFC
Indian Railway Finance Corporation has signed an agreement with Sumitomo Mitsui Banking Corporation at GIFT City to raise USD 300 million via external commercial borrowing (ECB).

OneSource
The Delhi High Court has granted approval for the manufacturing and export of semaglutide in India.

Bank of Maharashtra
The government will exercise the greenshoe option under the ongoing Offer for Sale (OFS), allowing it to sell additional shares.

Apeejay Surrendra Group
The company has signed a lease agreement with Katsons Hotel for a 42-room boutique property named ‘Casa De Katson’.

Hindustan Copper
The company has entered into an MoU with NTPC Mining to jointly participate in copper and critical mineral block auctions.

Rallis India
ASK Investment Managers has purchased 11.23 lakh shares of the company at ₹266.7 per share through block deals.

PSU Banks
The Ministry of State for Finance clarified that there is no approved proposal to raise FDI limits in public sector banks to 49%.

Angel One
For November, the brokerage reported an 11.1% decline in gross client acquisition and a 12.3% month-on-month drop in total orders.

Embassy Developments
The company has forfeited ₹133 crore of application money after investors failed to exercise their allotted warrants.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

IRFC signs USD 300 million ECB loan agreement with SMBC GIFT City

Aman Shukla — Tue, 02 Dec 2025 11:41:44 +0000

Indian Railway Finance Corporation (IRFC) has taken a significant step in expanding its global financing footprint by signing a major External Commercial Borrowing (ECB) loan agreement with Sumitomo Mitsui Banking Corporation (SMBC), GIFT City Branch. The agreement, executed in Gandhinagar, Gujarat, marks IRFC’s first major entry into the ECB market under its “IRFC 2.0” diversification strategy, which focuses on funding infrastructure projects with strong forward and backward linkages to the railway ecosystem.

The loan facility amounts to JPY equivalent of USD 300 million and carries a five-year tenor. It is benchmarked to the Tokyo Overnight Average Rate (TONAR), aligning IRFC’s borrowing strategy with globally accepted interest rate standards.

The signing ceremony took place in the presence of Ms. Deepa Kotnis, Executive Director (Finance), IRFC. The agreement was formally signed between Ms. Rakhi Dua, Senior General Manager (Finance), IRFC, and Mr. Manoj Kaushik, Executive Director, SMBC. Senior members of IRFC’s ECB team, including Mr. Nav Goel (General Manager–Finance) and Mr. Dhruv Taparia (Deputy Manager–Finance), were also present during the event.

IRFC plans to utilise the loan proceeds to finance infrastructure projects that support the growth and modernisation of India’s railway sector. This includes projects connected to both upstream and downstream railway operations, along with other eligible initiatives approved by the company under existing ECB guidelines.

Top Q2 results today, October 15: Axis Bank, IRFC, Tata Communications, L&T Finance, KEI Industries and more to announce earnings

Aman Shukla — Wed, 15 Oct 2025 02:50:53 +0000

A total of 50 companies are set to announce their financial results for the second quarter of FY26 on Wednesday, October 15, 2025. Investors and market watchers are keeping a close eye on major names like Axis Bank, Indian Railway Finance Corporation (IRFC), HDB Financial Services, Tata Communications, HDFC Life Insurance, and L&T Finance, which are among the top firms scheduled to release their Q2FY26 earnings today.

Several of these companies are also expected to declare interim dividends along with their results.

Other companies announcing results today include Oberoi Realty, KEI Industries, Mangalore Refinery and Petrochemicals (MRPL), Angel One, Nuvoco Vistas Corporation, Network18 Media & Investments, Tips Music, Heritage Foods, Rossari Biotech, Delta Corp, and Huhtamaki India, among others.

Smaller and mid-sized firms such as Urja Global, KSolves India, Advik Capital, GSB Finance, and Genomic Valley Biotech are also on the Q2 earnings calendar for October 15.

Disclaimer: This article is for informational purposes only. It is not intended to be investment advice or a recommendation to buy or sell any stock. Readers are advised to consult their financial advisor before making any investment decisions.

Top Q2 results next week (October 13-18): HCL Technologies, Axis Bank, Infosys, Wipro and more to announce earnings

Aman Shukla — Sun, 12 Oct 2025 11:57:29 +0000

The Q2 FY25 earnings season is in full swing, and the coming week promises to be action-packed for investors and traders. Nearly 200 listed companies are scheduled to declare their financial results for the September 2025 quarter, including heavyweights such as Reliance Industries, HDFC Bank, Infosys, Tech Mahindra, Axis Bank, and ICICI Bank.

Here’s a detailed look at the day-wise list of key companies announcing their Q2 results next week:

Top Q2 results next week

October 13, 2025:
HCL Technologies, Just Dial, Anand Rathi Wealth, Indo Thai Securities, SG Finserve, Lotus Chocolate Company, Den Networks, Indbank Merchant Banking Services, Platinumone Business Services, Gujarat Hotels, FGP, and Yasons Chemex Care.

October 14, 2025:
Tech Mahindra, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, Thyrocare Technologies, Persistent Systems, Cyient DLM, Navkar Corporation, Aditya Birla Money, Automobile Corp of Goa, Damodar Industries, Rama Phosphates, and Sulabh Engineers & Services.

October 15, 2025:
Axis Bank, HDFC Life Insurance, Indian Railway Finance Corporation (IRFC), HDFC Asset Management Company, L&T Finance, HDB Financial Services, KEI Industries, Tata Communications, Angel One, Mangalore Refinery and Petrochemicals (MRPL), Heritage Foods, Nuvoco Vistas, Kewal Kiran Clothing, Summit Securities, Huhtamaki India, Amal, and Muthoot Capital Services.

October 16, 2025:
Infosys, Wipro, Nestle India, LTIMindtree, CIE Automotive India, South Indian Bank, Cyient, Swaraj Engines, Prime Securities, Bharat Bijlee, Chembond Chemicals, Plastiblends India, Atishay, Abirami Financial Services, Sungold Capital, and Neil Industries.

October 17, 2025:
Reliance Industries, JSW Steel, Polycab India, Havells India, AU Small Finance Bank, 360 One WAM, LT Technology Services, CRISIL, Poonawalla Fincorp, Tata Technologies, Atul, Ceat, India Cements, Fedbank Financial Services, Ujjivan Small Finance Bank, Jana Small Finance Bank, Pondy Oxides & Chemicals, TTK Healthcare, Shree Digvijay Cement, Alufluoride, and Mahindra EPC Irrigation.

October 18, 2025:
HDFC Bank, UltraTech Cement, ICICI Bank, Yes Bank, IndusInd Bank, IDFC First Bank, Federal Bank, UTI Asset Management Company, SML Isuzu, and Jammu & Kashmir Bank.

Top stocks to watch today, September 30: Tata Motors, M&M, Tata Steel, BEL, IRFC, Adani Green and more

Aman Shukla — Tue, 30 Sep 2025 02:48:25 +0000

Indian markets are expected to track several key corporate updates on September 30, as multiple companies announced fresh developments across orders, partnerships, and regulatory actions.

Top Stocks to Watch Today

M&M: To sell its entire stake in Finland-based Sampo Rosenlew to Tera Yatirim for approx. ₹52 crore.
Tata Steel: Bags €2 billion Dutch government aid for green transition; also eyes €0.3 billion from innovation fund.
BEL: Secures orders worth ₹1,092 crore since last disclosure on September 16.
DCX Systems: Wins purchase orders valued at ₹50 crore.
RailTel: Receives ₹37.50 crore order from Vizag Port.
Blue Dart: Announces 9–12% average shipment price hike effective January 1, 2026.
IRFC: Signs loan agreements worth ₹16,489 crore for two projects.
Stanley Life: Forays into international markets; signs exclusive distribution and license agreement with Singer PLC.
Allcargo Gati: To implement 10.2% average price increase from January 1, 2026.
Thomas Cook (India): Partners with Ministry of Tourism to enhance destination experiences across India.
Tata Motors: Says near-term demand outlook for JLR remains challenging in Europe, China, and the US.
Adani Green: Reports suggest TotalEnergies may sell part of its stake; update shared at investor meet.
Zee Entertainment, Sun TV, Tips Films: Impacted by US move to impose 100% tariffs on foreign-made films.
Man Industries: SEBI bars the company and three top executives from the securities market.

IRFC extends Rs 3,388 crore loan assistance to PVUNL for Banhardih Coal Block development in Jharkhand

Aman Shukla — Sat, 27 Sep 2025 12:04:26 +0000

Indian Railway Finance Corporation (IRFC) has extended loan assistance of ₹3,388.51 crore to Patratu Vidyut Utpadan Nigam Limited (PVUNL), a subsidiary of NTPC Limited, to support the development of the Banhardih Coal Block in Latehar district, Jharkhand. The loan agreement was signed at PVUNL’s Patratu office by Shri Shwet Ketu Mishra, Chief General Manager of IRFC, and Shri Ashok Kumar Sehgal, CEO of PVUNL.

Established in 1986 as the financing arm of the Ministry of Railways, IRFC has been instrumental in strengthening India’s rail infrastructure by mobilising funds at competitive rates. Recently granted Navratna status, IRFC is now expanding as a diversified infrastructure financier within the railway ecosystem. Its mandate includes financing projects linked to railways such as power generation, transmission, mining, coal, fuel, telecom, warehousing, hotels, catering, metro rail, freight corridors, ports, and multimodal logistics. The corporation maintains a strong asset quality record with a zero-NPA portfolio.

PVUNL, a joint venture between NTPC Ltd. (74%) and Jharkhand Bijli Vitran Nigam Limited (JBVNL) (26%), is developing a 4,000 MW coal-based thermal power project at Patratu in two phases. The Banhardih captive coal block, with estimated reserves of around 956 million tonnes, has been allocated to PVUNL for exclusive use in this project. Coal from this block will be transported via the Indian Railways network, highlighting the strong forward and backward linkages between the project and the railway sector.

Top stocks to watch today, August 20: Lloyds Metals, NTPC, SRF, IRFC, GNG Electronics and more

Aman Shukla — Wed, 20 Aug 2025 03:19:52 +0000

Several companies are likely to remain in focus on Wednesday, August 20, due to important announcements, earnings updates, and corporate developments.

Stocks to Watch on Wednesday, August 20:

Lloyds Metals – Emerged as the successful bidder for the Tandsi-III and Tandsi-III extension coking coal mines.
Jain Irrigation / Mahindra EPC – Government suggested no GST on essential farm equipment such as irrigation and sprinklers.
Greenlam Industries – Expanded operations from 2 to 5 manufacturing plants and from 3 to 6 product categories over the past decade.
Astral – Promoter group entities Kairav Chemicals and Saumya Polymers acquired 1,00,000 shares each.
NTPC – Subsidiary declared commercial operation of a 212.5 MW solar project and a 52.8 MW wind project in Gujarat.
SRF – Signed agreements with Chemours to support application needs by 2026.
Dynamic Cables – Received BIS license to manufacture High Conductivity Aluminium Alloy Stranded Conductors and Thermosetting Insulated Armoured Fire Survival Cables.
Servotech Renewable Energy – Secured an order worth ₹28.84 crore for supply, installation, testing, and commissioning of a grid solar power plant.
Bombay Dyeing – Won an appeal with the Maharashtra State Tax Tribunal annulling a tax demand of ₹3.91 crore.
Fiem Industries – Received development orders for three new products from Force Motors, marking entry into the four-wheeler segment.
GNG Electronics – Reported net profit of ₹18.5 crore vs ₹12.1 crore YoY; revenue ₹312 crore vs ₹255 crore YoY.
Aditya Info – Posted net profit of ₹32.8 crore vs ₹22.5 crore YoY; revenue ₹740 crore vs ₹636 crore YoY.
Ujjivan Small Finance Bank – Appointed Deepak Agarwal as Head of Strategy.
Mankind Pharma – Established wholly-owned subsidiary in Russia named Mankind Pharma LLC.
Aarti Pharmalabs – Fixed September 15, 2025, as record date for final dividend of ₹2.5 per share for FY25.
Tata Steel – High Court hearing on September 2 regarding ₹1,902 crore penalty imposed by Office of Deputy Director of Mines, Jajpur.
Rane Holdings – Announced ₹50 crore investment in subsidiary Rane Steering Systems.
GIC Housing Finance – Approved private placement of NCDs/bonds up to ₹25 billion and related party transactions up to ₹10 billion.
Prime Fresh – Plans investment of over ₹150 crore in Maharashtra for peri-urban vegetable clusters in Nashik and Pune over 2-3 years.
IDFC First Bank – Board approved preferential allotment of ₹43.72 crore compulsorily convertible cumulative preference shares to Platinum Invictus B.
Bajaj Auto Credit – Issued and allotted ₹500 crore commercial papers at 6.25% discount rate.
Suryoday Small Finance Bank – Board meeting on September 11 to consider reappointment of Baskar Babu Ramachandran as MD & CEO.
IRFC – Executed agreements for a fresh term loan facility of ₹199.70 crore with Surat Integrated Transportation Development Corporation.
Kolte-Patil Developers – Open offer launched by BREP Asia III India Holding to acquire up to 2.31 crore shares.
Hero MotoCorp – Launched new 125cc motorcycle, Glamour X 125.
GMR Power – Board to meet on August 22 to consider raising funds up to ₹3,000 crore.

IRFC sanctions Rs 199.70 crore loan to support Surat Multi-Modal Transport Hub

Aman Shukla — Tue, 19 Aug 2025 13:14:11 +0000

Indian Railway Finance Corporation (IRFC) has sanctioned a fresh term loan of ₹199.70 crore to Surat Integrated Transportation Development Corporation Limited (SITCO) to support the development of the Surat Multi-Modal Transport Hub (MMTH). The loan agreement was signed at SITCO’s New Delhi office by Mr. Mohit Kumar, Director, SITCO; Ms. Namrata Makharia, Company Secretary, SITCO; and Mr. Ashish Saini, General Manager Finance, IRFC, in the presence of senior officials from both organizations.

IRFC, established in 1986 as the financing arm of the Ministry of Railways, has been instrumental in strengthening India’s rail infrastructure. Recently granted ‘Navratna’ status, the company is expanding its role as a diversified infrastructure financier, covering projects linked to railways, including power, mining, coal, warehousing, telecom, metro rail, freight corridors, ports, and multimodal logistics. IRFC maintains a strong asset quality with a zero-NPA record.

SITCO, a joint venture of the Ministry of Railways and the Government of Gujarat, is developing India’s first international-standard MMTH at Surat. The hub will integrate rail, metro, BRTS, city and regional buses, and other transport modes like taxis and autos, while also upgrading passenger amenities and station facilities.

The IRFC loan will ensure the financial viability and timely execution of the Surat MMTH project, boosting regional economic growth and enhancing India’s transport infrastructure capacity.

IRFC shares jump over 2% as Q1 net profit rises 10.7% YoY to Rs 1,746 crore, revenue up 2.2% YoY

Aman Shukla — Wed, 23 Jul 2025 03:45:27 +0000

Indian Railway Finance Corporation (IRFC) shares surged over 2% in early trade after the company posted its strongest-ever quarterly results for Q1 FY2025-26. As of 9:16 AM, the shares were trading 2.32% higher at Rs 133.80.

The railway PSU reported a 10.7% year-on-year (YoY) jump in net profit to ₹1,745.7 crore, up from ₹1,576.8 crore in the same quarter last year. Revenue also rose 2.2% YoY to ₹6,918.2 crore — the highest quarterly income ever recorded by the company.

This was IRFC’s first full quarter since it received the coveted ‘Navratna’ status from the Government of India, a move that has given the company greater operational autonomy. The improved status seems to be translating into performance, with the company’s net interest margin (NIM) touching 1.53% (annualized) — its best in three years.

Net worth also hit an all-time high of ₹54,423.9 crore, signaling a strong and growing financial base. In a sector often weighed down by bad loans and inefficiencies, IRFC stood out by maintaining zero non-performing assets (NPAs) and keeping one of the lowest overhead cost structures among non-banking financial companies (NBFCs).

Manoj Kumar Dubey, IRFC’s Chairman and Managing Director, credited the record performance to a focused strategy and disciplined execution. “Our financial strength mirrors the transformation of Indian Railways. We’re committed to delivering efficiency and innovation,” he said.

Another positive highlight was the company’s improving balance sheet. Its debt-to-equity ratio improved to 7.44, reflecting better capital management and reduced risk exposure.

Looking ahead, IRFC is slowly expanding beyond its traditional lending business. The company has expressed plans to play a more integrated role in India’s infrastructure story by supporting railway-linked projects and forming strategic partnerships. With stable cash flows and access to low-cost capital, IRFC appears well-positioned to back India’s growing infrastructure push.

Top stocks to watch today, July 23: IRFC, Paytm, Dixon, Dalmia Bharat, United Breweries, JSW Infrastructure and more

Aman Shukla — Wed, 23 Jul 2025 02:48:10 +0000

As markets open on July 23, several companies are likely to be in focus due to earnings releases, fresh investments, contract developments, legal updates, and management changes. Here’s a detailed roundup of stock-specific news shaping today’s trade:

Stocks to Watch Today – July 23, 2025

Kirloskar Ferrous was declared the preferred bidder in the e-auction for an iron ore mine.
KNR Constructions received confirmation from the Delhi High Court that the suspension against its subsidiary has expired.
Vintage Coffee saw a bulk deal where Jitendra Rasiklal Sanghavi bought 4.75 lakh shares at ₹147.92 each.
Sambhv Steel reported a transaction where SSPL Securities acquired 15 lakh shares at ₹142.44 per share.
Sandhar Technologies signed a power purchase agreement with renewable firm KK 1A.
HFCL will consider fundraising via equity-linked instruments on July 25.
Singer India secured an order to supply 2,81,128 sewing machines.
Fonebox Retail opened 30 new stores across Maharashtra as of July 22.
IDBI Bank and NSDL are preparing for a $463 million IPO, targeting a $1.85 billion valuation.
IRFC posted Q1 net profit of ₹1,746 crore vs ₹1,577 crore and revenue of ₹6,915 crore vs ₹6,766 crore (YoY).
JSW Infrastructure reported Q1 net profit of ₹384.68 crore vs ₹292.44 crore and revenue of ₹1,224 crore vs ₹1,010 crore (YoY).
Paytm posted Q1 net profit of ₹123 crore vs a loss of ₹840 crore; revenue increased to ₹1,918 crore vs ₹1,502 crore (YoY).
Dixon Technologies reported Q1 net profit of ₹225 crore vs ₹133.7 crore; revenue at ₹12,836 crore vs ₹6,580 crore (YoY).
KEI Industries recorded Q1 net profit of ₹197 crore vs ₹150 crore; revenue at ₹2,590 crore vs ₹2,065 crore (YoY).
Manaksia Coated Metals reported Q1 net profit of ₹14 crore vs ₹2.98 crore; revenue at ₹249.8 crore vs ₹193.7 crore (YoY).
Ganesh Infraworld reported Q1 net profit of ₹14.6 crore vs a loss of ₹10 crore; revenue at ₹181 crore vs ₹135 crore (YoY).
DCM Shriram posted Q1 net profit of ₹113.82 crore vs ₹100.3 crore; revenue at ₹3,455 crore vs ₹3,073 crore (YoY).
Dalmia Bharat reported Q1 net profit of ₹393 crore vs a poll estimate of ₹425 crore; revenue at ₹3,636 crore vs ₹3,710 crore (estimate).
United Breweries (UBL) posted Q1 net profit of ₹184 crore vs ₹200 crore (estimate); revenue at ₹2,863 crore vs ₹2,750 crore (estimate).
Cyient DLM reported Q1 net profit of ₹7.5 crore vs ₹10.6 crore; revenue at ₹278.4 crore vs ₹257.8 crore (YoY).
Zensar Technologies posted Q1 net profit of ₹182 crore vs ₹176 crore; revenue at ₹1,385 crore vs ₹1,359 crore (QoQ).
Shyam Metalics reported Q1 net profit of ₹292.2 crore vs ₹276 crore; revenue at ₹4,419 crore vs ₹3,611.6 crore (YoY).
Welspun Specialty Solutions posted Q1 net loss of ₹0.75 crore vs a profit of ₹1.95 crore; revenue at ₹201.32 crore vs ₹162.10 crore (YoY).
Ansal Housing announced the resignation of Company Secretary Shalini Talwar, effective July 22.
ONGC approved material related party transactions linked to Mozambique and South Sudan projects.
Oberoi Realty may see a 3% equity stake sale by an existing investor via block deal, as per CNBC.
Lodha Developers may also witness a 1% equity stake sale via block deal by an existing investor.
Exide Industries invested ₹100 crore into its subsidiary, Exide Energy Solutions.
Infosys extended its collaboration with AGCO for IT and HR transformation.
Ducon Infratechnologies had its credit rating reaffirmed by Acuite Ratings & Research.
Padmanabh Industries announced the resignation of Managing Director and CFO Santoshkumar Hardwari, effective July 23.
Hindalco Industries set August 8 as the record date for its dividend.
Hyundai Motor received a GST order confirming a cess demand of ₹258.67 crore from CGST Dept, Tamil Nadu.
Jindal Steel officially changed its name to “Jindal Steel Limited” as of July 22.
Jana Small Finance Bank posted Q1 net profit of ₹102 crore vs ₹171 crore and NII of ₹595 crore vs ₹610 crore (YoY).
E2E Networks reported a net loss of ₹2.84 crore vs a profit of ₹10.14 crore; revenue declined to ₹36.11 crore vs ₹41.32 crore (YoY).
CreditAccess Grameen posted Q1 net profit of ₹60 crore vs ₹398 crore and NII of ₹906 crore vs ₹927 crore (YoY).
BGR Energy received a termination notice for its ₹2,600 crore project from Tamil Nadu Power Corporation due to delays.
Siemens Energy was ordered by a Russian court to pay ₹443.76 million plus 8% interest after a contract was invalidated.

IRFC Q1 Results: Net profit jumps 10.7% YoY to Rs 1,746 crore, revenue up 2.2% YoY

Aman Shukla — Tue, 22 Jul 2025 13:33:53 +0000

Indian Railway Finance Corporation (IRFC) delivered its strongest-ever quarterly performance in Q1 FY2025-26, reporting a 10.7% year-on-year (YoY) rise in net profit to ₹1,745.7 crore, up from ₹1,576.8 crore. Revenue also edged up 2.2% YoY to ₹6,918.2 crore, making it the highest-ever total income reported for a quarter by the company.

This marks the first full quarter since IRFC received ‘Navratna’ status from the Government of India, giving it greater operational freedom. The company’s net interest margin improved to 1.53% (annualized), the best in three years, while its net worth climbed to ₹54,423.9 crore — the highest since inception.

Chairman and Managing Director Manoj Kumar Dubey attributed the performance to sound strategy, saying, “Our financial strength mirrors the transformation of Indian Railways. We’re committed to delivering efficiency and innovation.”

The company maintained a clean record with zero non-performing assets (NPAs) and one of the lowest overhead costs in the NBFC sector. Its debt-to-equity ratio improved further to 7.44, underscoring a healthier balance sheet.

IRFC is increasingly looking beyond its traditional lending role, aiming to support the entire railway ecosystem through strategic partnerships and project linkages. With stable cash flows and a low cost of capital, the company is positioning itself as a key player in India’s infrastructure push.

As IRFC enters its “2.0” phase, all signs point to continued momentum and deeper integration with the country’s fast-evolving railway sector.

IRFC shares dip over 2% ahead of Q1 results

Aman Shukla — Tue, 22 Jul 2025 06:32:10 +0000

Shares of Indian Railway Finance Corporation (IRFC) slipped more than 2% in early trade today as investors turned cautious ahead of the company’s Q1 FY26 results. As of 12:01 PM, the shares were trading 1.99% lower at Rs 131.70.

The stock opened at ₹135.04, marginally higher than the previous close, but soon lost ground to touch an intraday low of ₹131.50. The day’s high stood at ₹135.13.

IRFC has had a volatile run in recent months. While the scrip is still significantly above its 52-week low of ₹108.04, it remains well below its 52-week high of ₹209.20. Market participants seem to be taking a wait-and-watch approach as the company gears up to announce its quarterly performance.

Check IRFC Share Price as company posts 2% YoY decline in Q4 FY25 net profit

Aditya Bhagchandani — Mon, 28 Apr 2025 08:44:35 +0000

Shares of Indian Railway Finance Corporation (IRFC) were trading lower by nearly 1% at ₹127.58 on the NSE in Monday’s afternoon session, following the company’s announcement of its Q4 FY25 results and a major fundraising plan during market hours. The stock had closed at ₹128.80 in the previous session.

The movement in share price came after IRFC posted a 2% year-on-year (YoY) decline in net profit for the January-March 2025 quarter and unveiled a substantial fundraising initiative of up to ₹60,000 crore for the financial year 2025-26.

IRFC Q4 FY25 Highlights:

Net Profit: ₹1,681.87 crore, down 2% YoY from ₹1,717.32 crore in Q4 FY24.
Revenue from Operations: ₹6,722.83 crore, up 3.8% YoY from ₹6,474.58 crore.
Total Income: ₹6,723.80 crore, compared to ₹6,477.99 crore a year ago.
Total Expenses: ₹5,041.93 crore, higher than ₹4,760.67 crore in Q4 FY24.
Profit Before Tax (PBT): ₹1,681.87 crore versus ₹1,717.32 crore in Q4 FY24.
Full-Year FY25 Net Profit: ₹6,502 crore, compared to ₹6,412 crore in FY24.
Full-Year FY25 Revenue: ₹27,156.41 crore, compared to ₹26,655.92 crore in FY24.

IRFC Board Approves ₹60,000 Crore Market Borrowing Plan

Along with the earnings, the IRFC board approved a proposal to raise up to ₹60,000 crore in FY26 via various modes including:

Tax-Free Bonds, Taxable Bonds (through private placement or public issue)
Government Guaranteed Bonds and Government Serviced Bonds
Zero Coupon Bonds, Perpetual Bonds, Subordinated Bonds
Capital Gain Bonds under Section 54EC
ESG Bonds (Environmental, Social, and Governance focused)
Loans from banks, institutional financing, and securitization of future lease receivables
External Commercial Borrowings (ECBs)

The fundraising will be used to meet the funding requirements of Indian Railways, support general corporate purposes, and refinance existing debts as per market opportunities.

Market Snapshot:

Current Price: ₹127.58
Previous Close: ₹128.80
Day Range: ₹127.16 – ₹129.60
Market Cap: ₹1.67 trillion
P/E Ratio: 25.50
Dividend Yield: 1.53%

Disclaimer:
The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

IRFC Board approves Rs 60,000 crore market borrowing plan for FY 2025-26

Aditya Bhagchandani — Mon, 28 Apr 2025 08:41:26 +0000

The Board of Directors of Indian Railway Finance Corporation (IRFC) has approved a significant fundraising plan of up to ₹60,000 crore for the financial year 2025-26. The funds will be raised from both domestic and international markets through a prudent mix of instruments.

According to the company’s filing, the resource mobilisation would include:

Tax-Free Bonds and Taxable Bonds through private placement or public issue.
Capital Gain Bonds under Section 54EC of the Income Tax Act.
Government Guaranteed Bonds, Government Serviced Bonds, and Zero-Coupon Bonds.
Perpetual Bonds, Subordinated Bonds, and Market-Linked Bonds.
Environment, Social, and Governance (ESG) Bonds.
Separately Transferable Redeemable Principal Parts (STRPP) or other bonds/debentures.
Loans from Banks and other Financial Institutions, Institutional Financing, and Securitization of Future Lease Receivables.
External Commercial Borrowings (ECBs) at appropriate times.

The board stated that this move is intended to meet the funding needs of the Indian Railways, support new business activities, refinance existing loans, and fulfill other general corporate purposes, depending on market conditions and requirements, across one or more tranches during the financial year.

Meanwhile, Indian Railway Finance Corporation (IRFC) on Monday reported a 2% year-on-year (YoY) decline in net profit to ₹1,681.87 crore for the quarter ended March 31, 2025 (Q4 FY25), compared to ₹1,717.32 crore in the same quarter last year.

However, the company’s revenue from operations rose 3.8% YoY to ₹6,722.83 crore, up from ₹6,474.58 crore reported in Q4 FY24. The total income for the quarter stood at ₹6,723.80 crore.

On the expense side, total expenditure came in at ₹5,041.93 crore for Q4 FY25, as against ₹4,760.67 crore in Q4 FY24.

IRFC Q4 FY25 Highlights:

Net Profit: ₹1,681.87 crore, down 2% year-on-year (YoY) from ₹1,717.32 crore.
Revenue from Operations: ₹6,722.83 crore, up 3.8% YoY from ₹6,474.58 crore.
Total Income: ₹6,723.80 crore, compared to ₹6,477.99 crore in Q4 FY24.
Total Expenses: ₹5,041.93 crore, higher than ₹4,760.67 crore in the year-ago period.
Profit Before Tax (PBT): ₹1,681.87 crore versus ₹1,717.32 crore in Q4 FY24.
Full-Year FY25 Net Profit: ₹6,502 crore, up slightly from ₹6,412 crore in FY24.
Full-Year FY25 Revenue: ₹27,156.41 crore, compared to ₹26,655.92 crore in FY24.

Disclaimer:
The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

IRFC Q4 FY25 Results Live: Revenue up 3.83% YoY to Rs 6,722.83 crore, Net Profit declines 2% YoY

Aditya Bhagchandani — Mon, 28 Apr 2025 08:37:01 +0000

Indian Railway Finance Corporation (IRFC) on Monday reported a 2% year-on-year (YoY) decline in net profit to ₹1,681.87 crore for the quarter ended March 31, 2025 (Q4 FY25), compared to ₹1,717.32 crore in the same quarter last year.

However, the company’s revenue from operations rose 3.8% YoY to ₹6,722.83 crore, up from ₹6,474.58 crore reported in Q4 FY24. The total income for the quarter stood at ₹6,723.80 crore.

On the expense side, total expenditure came in at ₹5,041.93 crore for Q4 FY25, as against ₹4,760.67 crore in Q4 FY24.

IRFC Q4 FY25 highlights:

Net Profit: ₹1,681.87 crore, down 2% year-on-year (YoY) from ₹1,717.32 crore.
Revenue from Operations: ₹6,722.83 crore, up 3.8% YoY from ₹6,474.58 crore.
Total Income: ₹6,723.80 crore, compared to ₹6,477.99 crore in Q4 FY24.
Total Expenses: ₹5,041.93 crore, higher than ₹4,760.67 crore in the year-ago period.
Profit Before Tax (PBT): ₹1,681.87 crore versus ₹1,717.32 crore in Q4 FY24.
Full-Year FY25 Net Profit: ₹6,502 crore, up slightly from ₹6,412 crore in FY24.
Full-Year FY25 Revenue: ₹27,156.41 crore, compared to ₹26,655.92 crore in FY24.

For the full financial year FY25, IRFC posted a total income of ₹27,156.41 crore compared to ₹26,655.92 crore last year, while annual profit dropped slightly to ₹6,502 crore from ₹6,412 crore reported in FY24.

The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Key Q4 Results To Watch Next Week: TVS Motor, BPCL, IRFC, SBI, UltraTech Cement, Bajaj Finance and more

Aman Shukla — Sat, 26 Apr 2025 02:30:20 +0000

As the earnings season continues, several prominent Indian companies across sectors are set to release their Q4 results next week. Investors and market watchers will be closely tracking these announcements to gauge corporate performance and sectoral trends. Here’s a day-wise list of key companies scheduled to report their quarterly earnings:

April 28, 2025 (Monday)

Adani Green Energy
Indian Railway Finance Corporation (IRFC)
TVS Motor
UltraTech Cement

April 29, 2025 (Tuesday)

Bajaj Finance and Bajaj Finserv
Bharat Petroleum Corporation Ltd (BPCL)
Trent

April 30, 2025 (Wednesday)

Indus Towers
Indian Oil Corporation (IOC)

May 2, 2025 (Friday)

Marico
City Union Bank

May 3, 2025 (Saturday)

State Bank of India (SBI)
Kotak Mahindra Bank
Avenue Supermarts (D-Mart)

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

IRFC declared as L1 bidder for Rs 5,000 crore Rupee Term Loan to NTPC

Aman Shukla — Fri, 25 Apr 2025 07:13:03 +0000

Indian Railway Finance Corporation (IRFC) has been declared the lowest (L1) bidder for a ₹5,000 crore Rupee Term Loan (RTL) sought by NTPC. This development follows IRFC’s participation in the competitive bidding process conducted by NTPC to raise funds for its capital expenditure initiatives.

The loan is intended to support NTPC’s ongoing and new capacity addition programs, including the acquisition of projects, development of renewable energy assets, renovation and modernization of existing infrastructure, as well as the refinancing of existing loans. The bidding process took place on April 18, 2025, and IRFC’s offer has been accepted by NTPC as per a communication dated April 24, 2025.

In the exchange filing, the company shared, “IRFC has participated in a bid for RTL of Rs 5000 crore to NTPC for meeting part of capital expenditure for ongoing/new capacity addition program including takeover of project, renewable energy projects , renovation and modernisation program of various projects , refinancing of loans etc. on 18th April 2025. In response to the same, NTPC vide letter dated 24th April 2025 has communicated acceptance of IRFC’s offer.”

The finalisation of the loan agreement is subject to standard due diligence procedures, internal approvals from IRFC’s Board of Directors, and the mutual agreement on detailed sanction terms with NTPC.

IRFC share price target: Should you buy, sell or hold as stock continues to decline?

Aditya Bhagchandani — Fri, 25 Apr 2025 04:24:47 +0000

Shares of Indian Railway Finance Corporation (IRFC) were down nearly 3% in Friday’s trade, falling to ₹129.71 on the NSE. The stock has been under pressure over the last few sessions, continuing its downward trend despite broader support for PSU and railway-linked counters earlier this month.

This latest drop comes ahead of the company’s rescheduled board meeting for its Q4 results. In a filing, the Navratna PSU stated, “This is to inform that the meeting of the Board of Directors of the Company, which was originally scheduled to be held on Tuesday, 29th April, 2025 stands rescheduled to Monday, 28th April, 2025.”

Brokerage view: IRFC share price targets

Axis Direct
Axis Direct recommends Indian Railway Finance Corp Ltd with a target price of ₹148, placing a stop loss at ₹127. The suggested entry range lies between ₹131 and ₹134.50.

Stock snapshot

Current Price: ₹129.71
Previous Close: ₹133.42
Day’s Range: ₹129.57 – ₹134.14
Market Cap: ₹1.69 trillion
P/E Ratio: 25.94
Dividend Yield: 1.50%

With investor attention now turning to the Q4 earnings scheduled for April 28, the coming sessions will be crucial in determining IRFC’s near-term technical and fundamental direction.

IRFC signs Rs 5,000 crore loan agreement with NTPC Renewable Energy

Aman Shukla — Tue, 25 Mar 2025 11:44:17 +0000

Indian Railway Finance Corporation (IRFC) has entered into a loan agreement with NTPC Renewable Energy Limited (NTPC REL) on March 25, 2025, for a Rupee Term Loan (RTL) worth ₹5,000 crore. NTPC REL, a wholly owned subsidiary of NTPC Green Energy Limited (NTPC GEL), will use the funds to finance its ongoing and new capacity expansion projects. Additionally, the loan will support the refinancing of existing debts.

The agreement aims to strengthen NTPC REL’s renewable energy initiatives, aligning with India’s push for clean energy and sustainability. This financial support is expected to facilitate significant progress in the renewable sector by enhancing green energy infrastructure.

As per the terms of the agreement, the loan is unsecured, though a negative lien will be provided with certain exceptions. While the loan has been sanctioned, the disbursement is yet to take place. Notably, IRFC holds no shareholding in NTPC REL, and the agreement does not fall under related-party transactions.

IRFC board approves second interim dividend for FY25 of Rs 0.80 per share

Aman Shukla — Mon, 17 Mar 2025 09:58:03 +0000

Indian Railway Finance Corporation (IRFC) has announced a second interim dividend of ₹0.80 per equity share of ₹10 each for the financial year 2024-25. This decision was approved by the company’s Board of Directors in a meeting held on March 17, 2025.

In the exchange filing, the company shared that shareholders whose names appear in the company’s records on the record date will receive the dividend, which will be credited to their accounts or dispatched via dividend warrants within 30 days from the declaration date. IRFC has urged shareholders to update their tax details with the Registrar and Transfer Agent by March 21, 2025, to ensure accurate tax deduction at source (TDS) on dividend payments. Any requests for lower tax deductions will not be considered beyond this deadline.

In cases where TDS is deducted at a higher rate due to missing tax details, shareholders can claim a refund while filing their income tax returns. The deducted tax will reflect in Form 26AS, accessible via the Income Tax portal.

IRFC board to consider second interim dividend for FY 2024-25 on March 17

Aditya Bhagchandani — Mon, 10 Mar 2025 12:43:24 +0000

The Indian Railway Finance Corporation Limited (IRFC) has scheduled a board meeting on March 17, 2025, to consider and approve the declaration of the second interim dividend for FY 2024-25.

Key Highlights:

Board Meeting Date: March 17, 2025
Agenda: Consideration of Second Interim Dividend
Record Date for Dividend Eligibility: March 21, 2025
Trading Window Closure:
- Begins on March 11, 2025
- Remains closed until 48 hours after the board meeting

Tax Implications for Shareholders:

Dividend income is taxable in the hands of shareholders.
The company will deduct Tax at Source (TDS) as per Income Tax Act, 1961.
Shareholders holding shares in dematerialized mode must update tax records and PAN with depositories.
Shareholders with physical shareholding must provide details to the company’s Registrar and Share Transfer Agent (Beetal Financial & Computer Services Pvt. Ltd.) at irfc@beetalfinancial.com before March 21, 2025.

Investor Note:

IRFC has advised all designated employees and connected persons to refrain from trading in the company’s securities during the trading window closure period.

This announcement aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and is subject to final approval by the board of directors.

IRFC Q3 FY25 Results: Revenue flat at Rs 6763.43 crore, Net Profit up 1.98% YoY

Aditya Bhagchandani — Mon, 20 Jan 2025 08:42:02 +0000

Indian Railway Finance Corporation (IRFC) has released its financial results for the third quarter of FY25, showcasing steady growth in revenue and profitability, reinforcing its position as a key financing arm for Indian Railways.

The total revenue from operations column from the provided IRFC Q3 FY25 financial data is as follows (in ₹ Crores):

Quarter Ended	Revenue from Operations
31-Dec-2024 (Q3 FY25)	₹6,763.43
30-Sep-2024 (Q2 FY25)	₹6,899.34
31-Dec-2023 (Q3 FY24)	₹6,736.57

Analysis:

QoQ (Quarter-on-Quarter): Revenue declined by 1.97% from ₹6,899.34 crore in Q2 FY25.
YoY (Year-on-Year): Revenue increased by 0.40% from ₹6,736.57 crore in Q3 FY24.

Key Financial Highlights (₹ in Crores):

Total Revenue:
- Q3 FY25: ₹6,766.39 crore
- QoQ: Declined slightly by 1.94% from ₹6,900.20 crore in Q2 FY25
- YoY: Increased marginally by 0.39% from ₹6,740.02 crore in Q3 FY24
Net Profit (PAT):
- Q3 FY25: ₹1,630.66 crore
- QoQ: Increased by 1.12% from ₹1,612.65 crore in Q2 FY25
- YoY: Grew by 1.98% from ₹1,598.93 crore in Q3 FY24
Expenses:
- Total Expenses in Q3 FY25: ₹5,135.73 crore
- QoQ: Reduced by 2.87% from ₹5,287.55 crore in Q2 FY25
- YoY: Declined slightly by 0.10% from ₹5,141.09 crore in Q3 FY24

Operational Insights:

Revenue Stability:
- The revenue from operations remained robust at ₹6,763.43 crore, driven by stable interest income and lease income.
- A slight QoQ decline in revenue was offset by operational efficiency.
Expense Control:
- IRFC reported a sequential decline in expenses, with total expenses reducing to ₹5,135.73 crore, highlighting its commitment to cost management.
Profit Growth:
- The net profit recorded a modest growth on both QoQ and YoY bases, demonstrating steady profitability amidst stable revenue streams.

IRFC shares surge 3% after signing lease agreement with NTPC for wagon financing

Aman Shukla — Thu, 16 Jan 2025 04:10:03 +0000

Indian Railway Finance Corporation (IRFC) shares jumped 3% in early trade following the announcement of a lease agreement with NTPC Limited, a Public Sector Enterprise under the Ministry of Power. The agreement, part of a broader financing initiative, aims to fund 20 BOBR rakes under the General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways.

Key Highlights:

Financing Amount: IRFC’s board approved up to ₹700 crores for the procurement of 20 BOBR rakes.
Phase 1 Financing: The initial agreement covers 8 rakes, valued at ₹250 crores.
Purpose: The deal aims to support infrastructure development with innovative financing solutions.

IRFC (Indian Railway Finance Corporation) shares opened at ₹140.00, reaching a high of ₹142.70 and a low of ₹139.20 during trading. The stock has seen significant volatility, with a 52-week high of ₹229.00 and a 52-week low of ₹116.65. As of 9:39 AM, the shares were trading 3.58% higher at Rs 142.49.

IRFC signs lease agreement with NTPC for wagon financing

Aditya Bhagchandani — Wed, 15 Jan 2025 16:03:50 +0000

Indian Railway Finance Corporation (IRFC), a Public Sector Enterprise under the Ministry of Railways, has signed a lease agreement with NTPC Limited, a Public Sector Enterprise under the Ministry of Power, to finance 20 BOBR rakes under the General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways. The agreement, which is part of a broader financing approval by the IRFC board, marks the first phase of this initiative.

Key Highlights:

Financing Amount: IRFC’s board approved financing up to ₹700 crores for the procurement of 20 BOBR rakes.
Phase 1 Financing: The lease agreement signed covers 8 BOBR rakes with a financing value of approximately ₹250 crores.
Purpose: The financing is aimed at facilitating infrastructure development through innovative financial solutions.

The agreement was signed by senior officials from both organizations, including Mr. Sunil Kumar Goel, Group General Manager & CFO of IRFC Ltd., and Mr. Balaji Bhagwatro Narare, Chief General Manager of NTPC, during a formal ceremony on January 15, 2025, in New Delhi.

This partnership underscores IRFC’s commitment to supporting large-scale infrastructure projects and aligns with its vision to provide financial solutions that drive India’s railway and power sector advancements.

IRFC shares surge 3% as company secures Rs 3,167 crore Coal Block project

Aditya Bhagchandani — Wed, 15 Jan 2025 03:46:14 +0000

Indian Railway Finance Corporation Ltd. (IRFC) shares rose by 4% to ₹140.50 during early trade today, gaining ₹4.95 from its previous close of ₹135.55. The stock traded in a narrow range of ₹140.50 to ₹140.50 throughout the session. IRFC’s market capitalization now stands at ₹1.84 trillion, with a P/E ratio of 28.23 and a dividend yield of 1.07%.

The surge follows IRFC’s announcement of emerging as the lowest bidder (L1) for financing ₹3,167 crore towards the development of the Banhardih Coal Block project in Jharkhand. Managed by Patratu Vidyut Utpadan Nigam Limited (PVUNL), a joint venture between NTPC Limited (74%) and Jharkhand Bijli Vitran Nigam Limited (26%), the project is aimed at securing captive coal for power generation.

The coal extracted will be transported to the PVUNL site via Indian Railways, ensuring a robust and integrated supply chain. The financial proposal remains subject to due diligence, Board approvals, and finalization of terms with PVUNL.

Indian Railway Finance Corp Share Price history

Day	Open	Close	Change %
Tue, Jan 14 2025	₹130.00	₹135.55	+5.54%
Mon, Jan 13 2025	₹134.00	₹128.44	-5.36%
Fri, Jan 10 2025	₹139.71	₹135.71	-3.38%
Thu, Jan 9 2025	₹144.00	₹140.46	-2.30%
Wed, Jan 8 2025	₹146.20	₹143.77	-1.53%
Tue, Jan 7 2025	₹146.20	₹146.00	+0.40%
Mon, Jan 6 2025	₹153.89	₹145.42	-5.39%
Fri, Jan 3 2025	₹153.40	₹153.70	+1.09%

IRFC emerges as lowest bidder for Rs 3,167 crore financing for PVUNL’s Banhardih Coal Block Project

Aditya Bhagchandani — Tue, 14 Jan 2025 10:24:46 +0000

Indian Railway Finance Corporation Ltd. (IRFC) announced that it has emerged as the lowest bidder (L1) for providing ₹3,167 crore in financing for the development of the Banhardih Coal Block project in Jharkhand. This project, under Patratu Vidyut Utpadan Nigam Limited (PVUNL), a joint venture between NTPC Limited (74% stake) and Jharkhand Bijli Vitran Nigam Limited (26% stake), aims to secure captive coal for power generation.

The coal extracted will be transported from the block to the PVUNL project site via Indian Railways, ensuring an integrated supply chain. The financial proposal is subject to further due diligence, Board approvals, and finalization of detailed terms with PVUNL.

This development reinforces IRFC’s position as a key financier for India’s infrastructure and energy projects.

IRFC shares surge 2% after signing MoU with REMCL

Aman Shukla — Fri, 03 Jan 2025 03:57:34 +0000

Indian Railway Finance Corporation (IRFC) shares rose by 2% following the announcement of a strategic partnership with Railway Energy Management Company Ltd (REMCL), a joint venture of the Ministry of Railways (MOR) and RITES.

IRFC shares opened at 153.40, reaching a high of 156.80 and a low of 153.25. The stock is currently well below its 52-week high of 229.00, offering potential for growth. However, it remains significantly higher than its 52-week low of 99.00.

The Memorandum of Understanding (MoU) aims to finance renewable energy projects to power Indian Railways, supporting its goal of achieving net-zero carbon emissions by 2030.

Under the MoU, IRFC will explore financing options for thermal, nuclear, and renewable energy projects, while REMCL will leverage its expertise in procuring cost-effective power for the railways. The collaboration supports the Indian government’s vision of sustainable, eco-friendly transportation.

As of 9:26 AM, IRFC shares were trading 2.02% higher at Rs 155.11.

Indian Railway Finance Corporation market cap drops by Rs 5,318 crore as shares fall nearly 3%

Aditya Bhagchandani — Fri, 29 Nov 2024 07:17:37 +0000

Indian Railway Finance Corporation’s (IRFC) shares fell by 2.65% on Thursday, closing at Rs 149.33. This decline resulted in a market capitalization decrease of approximately Rs 5,318 crore, bringing the total market cap to Rs 1,95,152 crore.

Key trading highlights:

Opening price: Rs 152.99
Day’s high: Rs 152.99
Day’s low: Rs 148.80
Volume traded: 129.38 lakh shares
Value traded: Rs 194.32 crore

Price information:

52-week high: Rs 229.00 (15-Jul-2024)
52-week low: Rs 74.15 (30-Nov-2023)
Daily volatility: 3.12%

Additional context:

The stock hit a new 52-week low during the session, signaling bearish sentiment among investors.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or Business Upturn is not liable for any losses arising from the use of this information.

Indian Railway Finance Corporation’s market cap rises by Rs 5,999 crore today

Aditya Bhagchandani — Thu, 28 Nov 2024 05:02:46 +0000

Shares of Indian Railway Finance Corporation (IRFC) Limited climbed 3.04% today, reaching Rs 155.07. This price surge added approximately Rs 5,999 crore to the company’s market capitalization, now standing at Rs 2,02,653.32 crore.

The stock recorded an intraday high of Rs 155.65 and a low of Rs 150.55, with a robust trading volume of 131.72 lakh shares amounting to a traded value of Rs 202.65 crore. IRFC’s strong financial performance and steady demand for its equity highlight its integral role in India’s railway financing.

Investors continue to place confidence in IRFC’s ability to fund significant projects for Indian Railways, ensuring a robust growth trajectory for the company.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or platform is not liable for any losses arising from the use of this information.

Indian Railway Finance Corporation’s market cap gains Rs 4,823 crore today

Aditya Bhagchandani — Wed, 27 Nov 2024 09:34:47 +0000

Shares of Indian Railway Finance Corporation (IRFC) surged by 2.52% today, closing at Rs 150.39. This increase led to a market capitalization gain of Rs 4,823 crore, bringing the company’s total market cap to Rs 1,96,328.17 crore.

Key trading details:

Open: Rs 146.69
High: Rs 151.70
Low: Rs 145.84
Closing Price: Rs 150.39
Traded Volume: 197 lakh shares
Traded Value: Rs 295.05 crore
Deliverable Quantity (%): 28.25%
52-Week High and Low: Rs 229.00 (15-Jul-2024) and Rs 74.15 (30-Nov-2023)

This strong performance highlights investor confidence in IRFC’s financial stability and growth prospects.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or Business Upturn is not liable for any losses arising from the use of this information.

IRFC shares fall nearly 3% – Know More

Aditya Bhagchandani — Tue, 05 Nov 2024 04:18:47 +0000

Indian Railway Finance Corporation (IRFC) shares dipped close to 3% on November 4, 2024, following the release of its Q2 FY25 financial performance. The company reported a 2% year-on-year (YoY) increase in revenue from operations, which rose to ₹6,898 crore, up from ₹6,761 crore in the same quarter last year. Net profit also showed a modest rise, climbing 4.4% YoY to ₹1,612 crore.

Key Financial Highlights:

Revenue Growth: Total revenue for Q2 FY25 was ₹6,900 crore, marking a slight increase from ₹6,762 crore in Q2 FY24.
Net Profit: Profit for the quarter grew to ₹1,612 crore from ₹1,544 crore last year.
Dividend Announcement: IRFC’s board declared a dividend of Re 0.80 per share, with the record date set for November 12.

For the first half of FY25, IRFC reported a total revenue of ₹13,666 crore, a slight increase from ₹13,437 crore for the same period last year. Net profit for the six-month period was ₹3,192 crore, up marginally from ₹3,117.84 crore.

Recent Stock Performance:

IRFC shares have seen significant volatility, with a recent downtrend over the past three months causing a 34% decline from a high of ₹229 to ₹153.24. In October, shares hit a six-month low of ₹132.80 due to profit booking following a substantial rally between March 2023 and July 2024, during which the stock gained over 780%. At 9:45 am on November 4, shares were trading at ₹149.75, reflecting a 2.28% dip on the NSE.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or Business Upturn is not liable for any losses arising from the use of this information.

IRFC Q2 FY25 results: Stock drops nearly 2% ahead of result announcement

Aman Shukla — Mon, 04 Nov 2024 04:07:50 +0000

Indian Railway Finance Corporation (IRFC) stock saw a nearly 2% drop today, as investors await the company’s Q2 results. Opening at ₹159.00, IRFC shares experienced a slight rally, reaching a high of ₹159.24 before dipping to a low of ₹154.45.

The upcoming Q2 results could play a crucial role in shaping investor sentiment. IRFC, a key financial arm for Indian Railways, is closely monitored for insights into the country’s infrastructure spending and railway expansion plans.

As of 9:37 am, Indian Railway Finance Corporation shares were trading 1.37% lower at Rs 155.94 on the NSE.

Q2 FY25 Results This Week: IRCTC, IRFC, GAIL, Apollo Hospitals Enterprise, Tata Steel and more

Aditya Bhagchandani — Mon, 04 Nov 2024 01:21:36 +0000

The second-quarter earnings season is in full swing, and over 170 companies are set to announce their financial results this week. Several high-profile companies across diverse sectors will reveal their performance, offering key insights into the economic landscape and sector trends.

November 4

On November 4, companies like ABB India, Andhra Paper, Amara Raja Energy & Mobility, Bata India, Exide Industries, Hatsun Agro Product, Indian Railway Catering and Tourism Corporation (IRCTC), Indian Railway Finance Corporation (IRFC), Raymond, and Tube Investments of India are scheduled to declare their earnings. This day includes major players from sectors like energy, finance, and consumer goods, with particular attention on IRCTC and IRFC, both closely followed for insights into the railway sector.

November 5

The list for November 5 includes notable names like Alkyl Amines Chemicals, Dr. Reddy’s Laboratories, GAIL (India), JK Tyre & Industries, Mankind Pharma, Oil India, PB Fintech, Saregama India, Titan Company, and Wonderla Holidays. PB Fintech and Titan will be closely watched, with the former providing insights into the fintech sector, and the latter into retail and luxury goods.

November 6

On November 6, the spotlight will be on companies like Apollo Hospitals Enterprise, Delta Corp, Granules India, Power Grid Corporation of India, Tata Steel, and TeamLease Services. With Tata Steel and Power Grid Corporation set to release their earnings, insights into the metal and power sectors will be a focal point for investors.

November 7

The list of companies announcing results on November 7 includes Aditya Birla Fashion and Retail, Bajaj Electricals, Emami, Indian Hotels, IRCON International, Lupin, Mahindra & Mahindra, NCC, and Page Industries. Indian Hotels and Mahindra & Mahindra’s results will provide perspectives on the hospitality and automobile sectors, respectively.

November 8

On November 8, companies like Ashok Leyland, Bajaj Hindusthan Sugar, Cholamandalam Financial Holdings, Life Insurance Corporation of India (LIC), MRF, SBI, and Tata Motors will declare their quarterly numbers. The financial performance of SBI and LIC will be of particular interest, considering their impact on the financial services sector.

November 9

The week concludes on November 9 with companies such as Advanced Enzyme Technologies, Asian Paints, Aurobindo Pharma, Divi’s Laboratories, and Krishna Institute of Medical Sciences sharing their earnings. Asian Paints and Divi’s Laboratories are expected to provide key updates on the paint and pharmaceutical sectors, respectively.

This busy earnings week will offer investors a comprehensive view of how key sectors have performed in the recent quarter and set the tone for market expectations moving forward.

IRFC shares surge over 7% today – Check details

Aman Shukla — Wed, 30 Oct 2024 05:29:31 +0000

The shares of Indian Railway Finance Corporation (IRFC) jumped over 7% today, sparking interest among investors and analysts alike.

IRFC shares opened at ₹143.60, reached an intraday high of ₹153.64, and dipped to a low of ₹142.20 before finding stability. The sharp increase in the shares indicates strong investor interest, particularly as the stock continues to recover.

As of 11:00 am, IRFC shares were trading 6.49% higher at Rs 152.85 on the NSE.

IRFC market cap gains over ₹8,700 crore as shares surge over 4% today

Aditya Bhagchandani — Wed, 30 Oct 2024 05:02:23 +0000

Indian Railway Finance Corporation Limited (IRFC) shares experienced a strong surge, resulting in a significant market cap gain. As of the latest trading session, IRFC’s stock rose by 4.45%, reaching ₹149.91 from the previous close of ₹143.53. This increase in share price has added approximately ₹8,708 crore to the company’s market capitalization, bringing its total market cap to around ₹1,95,910 crore.

This notable jump in market cap reflects positive investor sentiment around IRFC, a key financial arm dedicated to funding Indian Railway projects. The stock’s steady performance has attracted considerable interest, further strengthening IRFC’s position within the financial sector.

IRFC’s latest market cap boost underscores its growing influence in the public sector, driven by its strategic role in supporting the country’s rail infrastructure expansion.

IRFC: Share price falls over 4% – Check details

Aman Shukla — Mon, 07 Oct 2024 07:02:25 +0000

IRFC saw its share price drop more than 4% in today’s trading session. The shares are currently trading at ₹152.07, with a high of ₹153.45 and a low of ₹143.20 in recent sessions.

Over the past 52 weeks, the stock has fluctuated between a high of ₹229.00 and a low of ₹65.75, showcasing significant volatility. Investors should watch for any policy shifts and railway sector performance that could impact future growth prospects and stock price trends.

As of 12:30 pm, IRFC shares were trading 4.10% lower at Rs 145.83 on the NSE.

Nifty Large Cap Top Gainers and Losers in Early Trade: Bajaj Housing Finance, IRFC, LTI Mindtree, ITC and more

Aditya Bhagchandani — Mon, 07 Oct 2024 04:34:34 +0000

In early trading on October 7, several Nifty large-cap stocks showed significant movement, with some rising as top gainers while others experienced declines as top losers.

Top Losers

Bajaj Housing Finance
- Price: ₹144.31
- Change: Down by ₹6.29 (-4.17%)
- Volume: 9.35 million shares
Avenue Supermarts (DMart)
- Price: ₹4,567.00
- Change: Down by ₹170.55 (-3.60%)
- Volume: 279.23k shares
Varun Beverages
- Price: ₹557.00
- Change: Down by ₹21.90 (-3.78%)
- Volume: 2.75 million shares
Titan Company
- Price: ₹3,576.65
- Change: Down by ₹93.45 (-2.54%)
- Volume: 846.19k shares
IRFC
- Price: ₹148.35
- Change: Down by ₹3.72 (-2.44%)
- Volume: 5.66 million shares
Tata Power
- Price: ₹455.00
- Change: Down by ₹11.65 (-2.49%)
- Volume: 2.00 million shares
Indian Overseas Bank (IOB)
- Price: ₹54.29
- Change: Down by ₹1.35 (-2.42%)
- Volume: 1.72 million shares

Top Gainers

LTI Mindtree
- Price: ₹6,272.90
- Change: Up by ₹158.80 (+2.59%)
- Volume: 109.59k shares
Macrotech Developers
- Price: ₹1,200.10
- Change: Up by ₹26.85 (+2.28%)
- Volume: 813.65k shares
ITC
- Price: ₹514.60
- Change: Up by ₹11.05 (+2.19%)
- Volume: 2.83 million shares
Infosys
- Price: ₹1,939.80
- Change: Up by ₹21.65 (+1.12%)
- Volume: 834.28k shares
ICICI Bank
- Price: ₹1,253.65
- Change: Up by ₹13.90 (+1.12%)
- Volume: 1.17 million shares
Divis Laboratories
- Price: ₹5,485.00
- Change: Up by ₹59.45 (+1.09%)
- Volume: 100.03k shares
Wipro
- Price: ₹538.85
- Change: Up by ₹5.30 (+0.99%)
- Volume: 847.42k shares

Summary

In early trade, Bajaj Housing Finance was the top loser with a drop of 4.17%, while LTI Mindtree emerged as the top gainer with a rise of 2.59%. The overall market witnessed mixed reactions, with sectors showing diverse performances as investors assessed economic indicators and corporate developments.

IRFC shares fall over 2% amid recent decline

Aditya Bhagchandani — Thu, 19 Sep 2024 05:03:04 +0000

Indian Railway Finance Corporation (IRFC) shares fell by 2.40% today, trading at ₹154.75 as of 10:24 AM. The stock opened at ₹159.45, hit a high of ₹161.00, and dropped to a low of ₹154.50. The previous close was ₹158.56.

IRFC shares were first launched in January 2021 at ₹25 per share. Despite a slow start, the stock gained significant momentum starting in early 2023, with prices soaring 10x by mid-2024. The stock reached an all-time high of ₹229 in July 2024, reflecting strong bullish sentiments.

Since its launch, IRFC has spiked nearly 540%, delivering massive profits for long-term investors. However, after hitting its peak, the stock has been declining, presenting new buying opportunities for those who missed entering earlier.

Indian Railway Finance Corp Share Price history

Day	Open	Close	Day’s change
Wed, Sep 18 2024	₹161.11	₹158.56	-1.27%
Tue, Sep 17 2024	₹164.00	₹160.60	-2.05%
Mon, Sep 16 2024	₹167.25	₹163.96	-1.97%
Fri, Sep 13 2024	₹167.99	₹167.25	+0.14%
Thu, Sep 12 2024	₹166.58	₹167.02	+0.69%
Wed, Sep 11 2024	₹170.45	₹165.88	-2.28%
Tue, Sep 10 2024	₹169.00	₹169.75	+0.84%
Mon, Sep 9 2024	₹169.84	₹168.33	-0.89%

IRFC Q1 Results: Net profit falls QoQ, rises marginally YoY

Markets Desk — Mon, 12 Aug 2024 12:03:03 +0000

PSU Major IRFC or Indian Railway Finance Corporation on Monday announced its Q1 earnings. The company’s net profit for the period came in slightly higher than the previous quarter at Rs 1,567 crore against Rs 1,717 crore posted in the previous quarter. However, on a YoY basis, the company’s net profit has surged from Rs 1,551 crore to Rs 1,567 crore.

IRFC’s Q1 revenue however jumped to Rs 6,765 crore against Rs 64,779 crore in the previous quarter and Rs 6,675 crore posted in the June quarter last year.

IRFC shares continue to slide, marking longest losing streak

Aditya Bhagchandani — Thu, 25 Jul 2024 04:36:34 +0000

Shares of Indian Railways Finance Corporation Ltd. (IRFC) fell for the eighth consecutive day on Thursday, marking the longest losing streak for the stock in more than three years. The stock dropped another 2% in today’s trading session, bringing it closer to its 50-Day Moving Average of ₹182. Currently, IRFC shares are trading at ₹186.44, down 3.03% as of 9:55 AM on the NSE.

This prolonged decline began after IRFC reached a record high of ₹229 on July 15, with the stock now down 17% from those levels. The last time IRFC experienced a similar downward trend was from March 15 to March 25, 2021, when it fell for nine consecutive days.

Despite the recent slump, IRFC shares are still up by 8% for the month of July. The stock’s Relative Strength Index (RSI) has corrected from overbought levels to 48, indicating a neutral position in terms of being “overbought” or “oversold.”

In the June quarter, domestic mutual funds have increased their stake in IRFC from 0.18% to 0.55%.

IRFC shares surge nearly 4% on strong Q4 results

Aditya Bhagchandani — Tue, 21 May 2024 04:59:00 +0000

Indian Railway Finance Corporation Ltd (IRFC) share price witnessed a surge of 3.5% in morning trades on Tuesday, following the company’s robust financial performance for the fourth quarter and full-year of FY2023-24, which was declared on Monday, May 20, 2024.

In addition to the strong results, the company approved a final dividend of 70 paise per share for the FY 2023-24. This is on top of the interim dividend of Rs 0.80 per equity share declared on November 2, 2023, bringing the total dividend for the financial year 2023-24 to Rs 1.50 per share, with a face value of Rs 10 each.

The state-owned company stated in a BSE filing, “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.”

IRFC reported a remarkable 34% rise in its profit to Rs 1,717.3 crore for the March 2024 quarter, driven by higher income. This is a significant increase from the Rs 1,285.2 crore profit clocked during the fourth quarter of the previous fiscal year.

The company’s total income also witnessed a substantial growth, rising to Rs 6,477.9 crore in the January-March quarter, compared to Rs 6,230.2 crore in FY23.

Reflecting the positive sentiment, IRFC shares were trading 3.55% higher at ₹179.40 on the National Stock Exchange (NSE) during the morning session.

IRFC Share Price Today: The stocks surge, closes at Rs 143.70

Matrika Shukla — Thu, 07 Mar 2024 16:08:14 +0000

Indian Railway Finance Corporation Limited, a dedicated financing arm for the Indian Railways, witnessed a surge in its share price during Thursday’s trading session (March 7th, 2024). The stock opened at ₹141.35, higher than the previous close of ₹140.50. Riding on bullish investor sentiment, IRFC’s shares climbed to an intraday high of ₹144.40 before facing some profit-booking, leading to an intraday low of ₹139.65.

However, the stock managed to regain momentum and closed the session at ₹143.70, up ₹3.20 from its previous close. The trading activity was robust, with 24,018,294 shares exchanging hands, amounting to a traded value of ₹34,514.29 lacs. IRFC’s total market capitalization stood at ₹187,794 crore today.

IRFC Share Price Today: Stock dips 2.65%, closes at ₹140.50

Matrika Shukla — Wed, 06 Mar 2024 12:17:05 +0000

On March 6th, 2024, the Indian Railway Finance Corporation Limited (IRFC) witnessed a notable trading session, with its stock closing at ₹140.50 per share. The closing price marked a decline of ₹3.85 or 2.65% from the previous day’s close of ₹145.05.

The trading session commenced with the stock opening at ₹145.20, slightly higher than the previous close. However, during the day’s trade, IRFC’s shares experienced volatility, reaching an intraday high of ₹145.70 and a low of ₹140.00.

Despite the downward price movement, the trading volume for IRFC shares remained at 2,61,88,126 shares exchanging hands. This volume translated into a traded value of ₹37,066.67 lakhs.

IRFC’s total market capitalization stood at ₹1,84,52,730.47 lakhs.

IRFC share price ends marginally lower today at Rs 145.05

Matrika Shukla — Tue, 05 Mar 2024 13:25:53 +0000

On March 5th, 2024, the Indian Railway Finance Corporation Limited (IRFC) shares opened at ₹144.90, slightly lower than the previous day’s close of ₹145.55. However, during the trading hours, IRFC’s stock touched an intraday high of ₹148.40 and a low of ₹143.80.

IRFC’s stock eventually closed at ₹145.05, marking a marginal decline of 0.24% or ₹0.35 from its previous close. The trading volume for the day had 2,30,46,386 shares exchanging hands, translating into a traded value of ₹33,597.02 lakhs.

IRFC’s total market capitalization remained sizeable at ₹1,89,75,470.71 lakhs.