Dividend: Railway PSU Stock Under Rs 100 Fixes Record Date, Rallies 131% In 3-Months

Board of directors of government owned company Indian Railway Finance Corporation Ltd will meet on November 2, 2023 to consider and approve the Unaudited Financial Results of the Company for the period ended 30th September 2023. The Board will also consider declaration of Interim Dividend to the shareholders of the Company for the financial year 2023-24. Last trading price of Indian Railway Finance share on BSE is Rs 77.03 apiece. Indian Railway Finance shares offered return of 172% in last 6-months. Check details below:

Indian Railway Finance To Consider Quarterly Results, Interim Dividend On November 2: According to the BSE filing of the company dated October 20, "Meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 2nd November 2023, inter-alia, to consider and approve the Unaudited Financial Results of the Company, and other financial statements namely Cash statement for the period ended 30th September 2023 and Statement of Assets and Liabilities as on that date. The Board will also consider declaration of Interim Dividend to the shareholders of the Company for the financial year 2023-24."

Indian Railway Finance Stock Performance & Return Over Years: Last trading price of Indian Railway Finance stock on BSE is Rs 77.03 per share with intraday fall of 0.75%. Its 52-week high price is Rs 92.94 per share and 52-week low price is Rs 21.30 per share, respectively. The company's market cap is Rs 1,00,666.70 crore. Indian Railway Finance shares rallied 134% YTD, soared 261% in last 1-year, and offered return of 227% in last 2-years.

Indian Railway Finance Financials: The company declared its net sales at Rs 6,679.17 crore in June 2023, up 18.69% as against Rs 5,627.44 crore in June 2022. The company's quarterly net profit announced at Rs 1,556.57 crore in June 2023, down 6.32% as compared to Rs 1,661.58 crore in June 2022. Its EBITDA stood at Rs 6,651.77 crore in June 2023 up 18.68% from Rs. 5,604.73 crore in June 2022.

About: Indian Railway Finance Corporation (IRFC) was set up on 12th December, 1986. IRFC is a Schedule 'A' Public Sector Enterprise under the administrative control of the Ministry of Railways, Govt. of India. It is also registered as Systemically Important Non-Deposit taking Non Banking Financial Company (NBFC - ND-SI) and Infrastructure Finance Company (NBFC- IFC) with Reserve Bank of India (RBI). In more than 30 years of existence, IRFC has played a significant role in supporting the expansion of the Indian Railways and related entities by financing a significant proportion of its annual plan outlay, according to its official website.

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