IRFC Q4: Net Profit Increases 126% To Rs 1,482.5 Crore

The Indian Railway Finance Corporation (IRFC) announced a Q4 standalone net profit of 1,482.5 crore on Tuesday, up from 654.6 crore the previous quarter. Year-on-year, revenue increased by 39% to $4,455 crore, up from $3,205 crore the previous year (YoY).

The company's overall expenses for the fourth quarter were 2,972.4 crore, up from 2,551 crore in the previous fiscal's corresponding quarter.

''The Company has evaluated the impact of this pandemic on its business operations and based on its review and current indicators of future economic conditions, there is no significant impact on its financial results. However, the impact assessment of COVID-19 is a continuing process given the uncertainties associated with its nature and duration and accordingly the impact may be different from that estimated as at the date of approval of these financial results,'' it said in the exchange filing.

Indian Railway Finance Corporation Ltd., founded in 1986, is a Small Cap company in the General sector with a market capitalization of Rs 32,344.55 crore.

Shares of the company ended the day higher by 2.02% at Rs 25.25 on NSE. It touched an intraday high of Rs26.45. The company's market cap stands at 33.06TCr. Dividend yield stands at 8.32%