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
Canara Bank
Canara Bank Presents Rs. 2,283 Crore Dividend to Finance Minister - Details Inside
Screenshot 2025-06-28 200847
NTPC Farakka Bags Gold Award for Sustainable Development at Green Enviro Awards 2025 - Know More
IRS Ravi Agrawal
Breaking: Senior IRS Ravi Agrawal Reappointed as CBDT Chairman for One-Year Term Starting July 2025
Screenshot 2025-06-28 195511
Bihar CM Nitish Kumar Hands Over Appointment Letters to Over 21,000 New Constables, Pushes for Speedy Police Recruitment
CM Yogi Adityanath
UP: CM Yogi Adityanath Launches CM YUVA App, Highlights UP’s MSME Success on International MSME Day - Details Inside
CM Pushkar Dhami-resized
Uttarakhand: CM Pushkar Singh Dhami Highlights Uttarakhand’s Energy Sector Growth and Pays Tribute to Former PM PV Narasimha Rao
Mohan Yadav
Madhya Pradesh: CM Dr. Mohan Yadav Pays Tribute at Under-Construction Ambedkar Dham in Gwalior, Announces Second Phase of Development
Screenshot 2025-06-28 192959
MoS Defence Sanjay Seth Represents India at Madagascar’s 65th Independence Day Celebrations, Bolsters Bilateral Ties - Details Inside
ADVERTISEMENT
ADVERTISEMENT
Videos
Ex IRS C Rajendiran
Ex-IRS Officer C. Rajendiran Illuminates Thirukkural’s Timeless Wisdom in Exclusive Interview
WhatsApp Image 2025-06-25 at 5.07
Why Has the DGCA Fined Air India Rs 5 Crore Since Privatisation?
Former Diplomat Ashok Sajjanhar
Iran Is Weakest Now, Needs a Face-Saver
ADVERTISEMENT
UPSC Stories
Sanish Kumar Singh
“If you want it badly enough, you’ll find a way,” Sanish Kumar Singh AIR 8, UPSC IFS 2024 
The real interview, he says, was much more humane. “The board was conversational. The chairman opened...
Raju Wagh
When the Battlefield Became a Study Room and a Dream Took Flight
Amid IED blasts and anti-Maoist operations in Bastar, CRPF Commando Raju Wagh taught village kids, studied...
WhatsApp Image 2025-06-18 at 10.31
"I Just Wanted to Breathe Again": The Man Who Fought Death and Made It to UPSC
Struck by COVID at the peak of his UPSC prep, Devanand Telgote spent months on ECMO, unsure he'd live,...
Social Media
Shailaja Chandra
“Nanis & Dadis Have a Brain”: Former IAS Officer Shailaja Chandra Weighs in on 1970s vs 2025 Life Debate - “This Generation Has It Better”
Responding to Viral Post on Middle-Class Struggles, Ex-Bureaucrat Offers Candid Reflection on Then and...
Tigress Arrowhead
The End of an Era: A Queen Falls - Ranthambore’s Iconic Tigress Arrowhead (T-84) Passes Away at 14, Hours After Daughter’s Relocation
Ranthambore mourns the loss of one of its fiercest and most beloved tigers, Arrowhead, the granddaughter...
Screenshot 2025-06-13 194001
Wild Elephant Disrupts Riverside Picnic, Sparks Debate on Human Encroachment; IFS Parveen Kumar Shares the Video - Watch Here!
Mr. Kaswan used the viral video, which has garnered over 1.5 lakh views, to highlight the risks of human...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Canara Bank
Canara Bank Presents Rs. 2,283 Crore Dividend to Finance Minister - Details Inside
Screenshot 2025-06-28 200847
NTPC Farakka Bags Gold Award for Sustainable Development at Green Enviro Awards 2025 - Know More
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Ex IRS C Rajendiran
WhatsApp Image 2025-06-25 at 5.07
Former Diplomat Ashok Sajjanhar
ADVERTISEMENT
ADVERTISEMENT