IRFC Dividend Record Date 2025: Navratna Railway PSU to Consider Second Interim Dividend on March 17

IRFC dividend announcement 2025: Indian Railway Finance Corporation (IRFC) shares declined on Tuesday, a day after the state-owned company announced that its Board of Directors will consider announcing a second interim dividend on March 17.

IRFC shares were trading 1.25% lower at Rs 118.55 per share on Tuesday at 2 pm. IRFC Board of Directors will consider declaration of a second interim dividend to company shareholders for financial year 2024-25 in its meeting scheduled for Monday next week.

"Pursuant to Regulation 29(1) & 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time and other applicable Regulations, this is to inform that meeting of the Board of Directors of the Company is scheduled to be held on Monday, 17th March 2025, inter-alia, to consider declaration of Second Interim Dividend to the shareholders of the company for the financial year 2024-25," read a stock exchange filing by IRFC on Monday.

IRFC dividend record date

IRFC has fixed record date as March 21, 2025 to determine the eligibility of shareholders for the dividend payout, subject to board approval. Earlier the company had declared an interim dividend in October last year. On IRFC dividend record date, the company will determine which shareholders are eligible for a dividend or other distribution.

IRFC dividend payout history

The Navratna railway PSU had announced an interim dividend of Rs 0.80 per share for its eligible shareholders on October 22, 2024. The IRFC dividend was paid to shareholders on November 12, 2024. The company had announced a final dividend of Rs 0.7 per share on May 21, 2024. The railway sector company has a track record of announcing robust dividend at least twice in a year.

Tax on dividend income

Income earned on dividend is taxable, hence receiving IRFC dividend may attract tax deducted at source (TDS) as per the prescribed rates under the Income Tax Act, 1961.

IRFC share price today

IRFC shares opened on Rs 117.85 per share on BSE on Tuesday. The company stock was trading 1.13% lower at Rs 118.45 per share on BSE at 2 pm today with a market capitalisation of Rs 1,54,796.45 crore. IRFC shares have fallen by 21.16% year to date (YTD) and by 16% in one year. The scrip touched its 52-week lowest mark of Rs 108.05 apiece on BSE on 3 March, 2025 and 52-week-high mark of Rs 229 per share on BSE on 15 July, 2025.

IRFC receives Navratna status

The Indian Railways' arm received Navratna status earlier in March. The Indian government awarded the status to IRFC along with Indian Railway Catering and Tourism Corporation (IRCTC).

Navratna status to IRFC will allow the public sector firm to operate independently in terms of financial decisions. The company can now invest up to Rs 1,000 crore without needing approval from the government. The move is expected to help them make faster business decisions and improve efficiency.

Central Public Sector Enterprises (CPSEs) are categorised into different groups based on their financial strength and operational efficiency. Based on these aspects, CPSEs are categorised Maharatna, Navratna, and Miniratna allowing them to function with more freedom in investment and expansion decisions.