Indian Railway Finance Corporation Q2 results: Profit up 4.05%
Business Business: Indian Railway Finance Corporation (IRFC) announced its Q2 results on November 4, 2024, displaying a stable growth trajectory. The company’s top-line revenues grew by 1.97% year-on-year, while profits saw a significant increase of 4.05% during the same period. Compared to the previous quarter, IRFC’s revenues grew by 1.98%, and profits grew by 2.27%. This sustained growth reflects the company’s strong operational performance and strategic financial management. There has been a significant increase in selling, general and administrative expenses, which recorded a growth of 11.58% quarter-on-quarter and 7.67% year-on-year.
This increase in expenses highlights the challenges in managing operating costs amid a competitive financial landscape. Operating income for the quarter grew by 1.92% compared to the previous quarter, and increased by 1.94% year-on-year, indicating stable operating efficiency. Further, earnings per share (EPS) for the second quarter is reported at ₹1.23, reflecting a growth of 2.5% year-on-year. Over the past week, Indian Railway Finance Corporation has delivered a commendable return of 6.8%. However, it has faced a decline of 1.55% in the last six months, while it has maintained an impressive year-to-date return of 54.24%. Currently, the market capitalization of IRFC is ₹200,261.8 crore, with the stock trading in a range of ₹229 at its 52-week high and ₹72.65 at its lowest, indicating the company’s resilience in the market.
