https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

IRFC Posts 2% Increase in Q3 Net Profit for December 2024

IRFC’s net worth grew to a whopping Rs. 52,046 crore by the end of December 2024
Indian Masterminds Stories

Indian Railway Finance Corporation Ltd (IRFC) reported a 2% rise in its net profit for the third quarter ended December 2024, reaching Rs 1,631 crore, compared to Rs 1,599 crore in the same period last year.

The non-banking financial company (NBFC), which operates under the administrative control of the Ministry of Railways, saw its total income increase to Rs 6,766 crore in the October-December 2024 quarter, up from Rs 6,740 crore in the previous year. Its total expenses, however, saw a marginal decline, falling to Rs 5,136 crore from Rs 5,141 crore during the same period last year.

IRFC’s net worth grew to Rs 52,046 crore by the end of December 2024, up from Rs 47,443 crore at the close of the third quarter of the previous fiscal year. Additionally, the company raised Rs 6,600 crore through bond issuance during the quarter to support its ongoing business expansion.

Indian Railway Finance Corporation Ltd (IRFC) is a public sector financial company under the Ministry of Railways, primarily engaged in raising funds for the development of Indian Railways. It provides financial assistance for the purchase of rolling stock, locomotives, and other railway infrastructure.


Indian Masterminds Stories
ADVERTISEMENT
Related Stories
ADVERTISEMENT
NEWS
Civil Services Day 2025 Awards by PM Modi
Civil Services Day 25: 16 IAS Officers Honoured for Excellence in Public Administration - Know More About Them
Civil Services Day 2025 Awards IAS officers
Civil Services Day 25: Inspired by PM’s Vision - Awarded IAS Officers Share Stories of Grassroots Impact
MTNL
MTNL Defaults on Loans Worth Rs. 8,346 Crore; Total Debt Climbs to Rs. 33,568 Crore
Gujarat-government resized
4 IAS Officers Assigned Additional Charges in Gujarat, Ajay Prakash Given Additional Charge As MD, Uttar Gujarat Vij Company Ltd
Punjab_govt_resized
3 IAS & 9 PCS Officers Transferred in Punjab, Sanyam Aggarwal Given Additional Charge As Special Secy, Health and Family Welfare
DGP OM Praksh with his wife1
Retired Karnataka DGP Om Prakash Murdered; Family Dispute or Mental Illness, What Prompted the Homicide?
LIC resized
Pradip Kusum Joseph Dungdung Takes Charge as LIC's Additional Executive Director (Engineering)
IRCTC
Rabindra Nath Mishra to Continue as Director (Finance), IRCTC - Know About Him
ADVERTISEMENT
Videos
Dr Lokesh M IAS
E-Rickshaw Chaos, Waterlogging, Traffic Mess — Can Noida Fix Its Daily Chaos? | Exclusive with Dr Lokesh M, IAS
IRS Padmapani Bora UPSC
IRS Padmapani Bora’s 16-Year-Long Journey in Governance
WhatsApp Image 2025-04-13 at 1.46
This Collector Finds Happiness In Squeaks Of Children With Hearing Impairment Who Start Hearing After Surgery
UPSC Stories
images (14)
Utsav Anand, the UPSC Topper Who Chose Public Service Over a Plush Career
From IIT Bombay to the 2022 IAS batch (Haryana cadre), Utsav Anand’s journey is proof that sharp minds...
pushplata-yadav-ias
How IAS Pushp Lata’s Strategy and Spirit Took Her to AIR 80
From rural Haryana to IAS, Pushp Lata Yadav’s journey reflects focused planning, adaptation, and the...
IRS Padmapani Bora UPSC
IRS Padmapani Bora’s 16-Year-Long Journey in Governance
IRS officer Padmapani Bora's 16-year career transcends typical bureaucracy. Discover his surprising journey...
Social Media
GozJlgrXYAAHoKv
Murals for Cleanliness: Thoothukudi District Launches Art-Inspired Sanitation Drive in Panchayats
Local artists add colour and messages to village walls, promoting hygiene and community pride
Himanshu Nagpal IAS
Varanasi's Beggar Rehabilitation Initiative Recognised by UIDAI, CDO Himanshu Nagpal Shares the News
Mr. Himanshu Nagpal is a 2019-batch IAS officer
IAS Vaishali Chopra
Young IAS Vaishali Chopra Takes a Stand Against Caste Bias During Field Training in Uttar Pradesh
While the issue itself may seem small, the post is resonating widely online for its honest reflection...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Civil Services Day 2025 Awards by PM Modi
Civil Services Day 25: 16 IAS Officers Honoured for Excellence in Public Administration - Know More About Them
Civil Services Day 2025 Awards IAS officers
Civil Services Day 25: Inspired by PM’s Vision - Awarded IAS Officers Share Stories of Grassroots Impact
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr Lokesh M IAS
IRS Padmapani Bora UPSC
WhatsApp Image 2025-04-13 at 1.46
ADVERTISEMENT
ADVERTISEMENT