https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

IRFC Reports 4 Percent Growth in Q2 Profit, Reaches Rs 1,613 Crore

IRFC's expenses showed a slight rise, reaching ₹5,288 crore from ₹5,218 crore in the previous year's quarter.
Indian Masterminds Stories

Indian Railway Finance Corporation Ltd. (IRFC) reported a 4% year-on-year rise in net profit for the September quarter, reaching ₹1,613 crore, compared to ₹1,545 crore in the same period last year. The non-banking financial company, which operates under the Ministry of Railways, also saw an increase in total income, which climbed to ₹6,900 crore from last year’s ₹6,762 crore, according to a regulatory filing.

IRFC’s expenses showed a slight rise, reaching ₹5,288 crore from ₹5,218 crore in the previous year’s quarter. The company’s assets under management (AUM) stood at ₹4.62 lakh crore as of September 2024. Alongside the quarterly results, the IRFC board approved an interim dividend of ₹0.80 per share on a ₹10 face value for the 2024-25 fiscal year.

Chairman and Managing Director Manoj Kumar Dubey highlighted that IRFC remains focused on bolstering the financial framework for railway infrastructure and is working toward expanding its lending activities to support sectors closely linked to Indian Railways. Additionally, IRFC has sanctioned ₹700 crore in funding for NTPC Ltd. under a finance lease arrangement, covering 20 rakes under the Ministry of Railways’ General-Purpose Wagon Investment Scheme (GPWIS), as part of its efforts to support railway-linked projects.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Primary Agricultural Credit Societies Bihar Godowns
Bihar: 6,158 Godowns Built Under PACS & Vyapar Mandals, 17 Lakh MT Capacity Created; Boosting Rural Economy - Details Inside
Chenab Rail Bridge
EIL and CEIL Celebrate Role in World’s Highest Railway Arch—Chenab Rail Bridge
PNB-resized
PNB Slashes Repo-Linked Lending Rate to 8.35%; Home and Vehicle Loans Get Cheaper
Siddarth Mohanty LIC
Siddhartha Mohanty Completes Tenure as CEO & MD of LIC of India - Know More About Him
Kiran Bedi resized
Chinnaswamy Stampede: Kiran Bedi Voices In Favour Of Ex-Bengaluru Police Commissioner B Dayananda - Labels His Transfer "Unfair" Amid Growing Backlash
Powergrid1 Power Grid
Power Grid Commissions Two Major Projects; Receives Commercial Operation Notifications - Details Inside
Screenshot 2025-06-07 190130
MP: CM Mohan Yadav and Union Minister Shivraj Singh Chouhan Announce Rs. 113 Crore Development Push for Sehore - Check All Details Here
Pilibhit Tiger Reserve
UP: Eco Development Committees Are Transforming Pilibhit Tiger Reserve into Model for Eco-Tourism & Rural Employment - All Details Inside
ADVERTISEMENT
ADVERTISEMENT
Videos
Monika Singh
Monika Singh’s Life Beyond the Bureaucracy | Video Interview 
IAS Tushar G Nikhare
Modernising Governance: A Digital Transformation in Gangtok
IMG-20250523-WA0036
Abhishek Singh's SECRET: Vipassana, Anthropology & Smart Answer Writing | Video Interview 
ADVERTISEMENT
UPSC Stories
Divyanshu Pal Nagar IFS
5 Years, 5 Mains, 4 Interviews: How Divyanshu Pal Nagar Stumbled in CSE, Triumphed in IFS - A Lesson for Every Aspirant
Divyanshu Pal Nagar’s inspiring five-year UPSC journey shows how perseverance, disciplined self-study,...
ANUBHAV SINGH UPSC IFS 2024
9 Years, 8 Attempts, 7 Failures: How Anubhav Singh Cracked UPSC IFS 2024 with AIR 3 Against All Odds | Exclusive
Anubhav Singh’s inspiring journey to UPSC IFS Rank 3 showcases relentless perseverance, strategic preparation,...
Jogender Sihag
“I Cleared UPSC, But My Grandfather isn’t Here to Hear it,” Jogender Sihag, AIR 521, UPSC CSE 2024
"Life is short; make the most of it, whether in civil service or any other field. Just have a clear vision...
Social Media
Tiger jump Sundarban
Stunning Viral Video Shows Royal Bengal Tiger Making Spectacular 30-Foot Leap Across River in Sunderbans - See It Here
Retired Indian Forest Service (IFS) officer Susanta Nanda shared the clip online, which quickly went...
shubham kumar ias marriage
IAS Topper Weds BPSC Topper: Shubham Kumar Marries IRS Officer Priyangi Mehta in Patna; Wedding Video Goes Viral
Topper Couple Alert: Shubham Kumar, Priyangi Mehta’s Wedding Grabs Spotlight in Bihar
parveen kaswan elephant
Elephant Outsmarts Electric Fence! IFS Parveen Kaswan Shares Incredible Video!
In the now-viral 51-second clip, the intelligent giant approaches a wooden pole supporting high-voltage...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Primary Agricultural Credit Societies Bihar Godowns
Bihar: 6,158 Godowns Built Under PACS & Vyapar Mandals, 17 Lakh MT Capacity Created; Boosting Rural Economy - Details Inside
Chenab Rail Bridge
EIL and CEIL Celebrate Role in World’s Highest Railway Arch—Chenab Rail Bridge
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Monika Singh
IAS Tushar G Nikhare
IMG-20250523-WA0036
ADVERTISEMENT
ADVERTISEMENT