Multibagger PSU Railway Stock Under Rs 75 Declares Dividend, Q2 Net Profit Falls

Leading public sector undertaking Indian Railway Finance Corporation Ltd on Thursday announced a decline in its profit after tax for the quarter ended September 30, 2023 at Rs 1549.87 crore as compared to Rs 1714.28 declared an year ago. The company announced its revenue from operations at 6,766.32 crore, up 16% from Rs 5809.8 crore an year ago.

Board of IRFC declared an interim dividend of Re 0.80 per equity share of Rs 10/- each and fixed November 10, 2023 as the record date. IRFC shares offered return of 222.56% in last 1-year. Check details below:

IRFC Declares Interim Dividend: According to the BSE filing of the company issued today, "Pursuant to Regulation 30 and 43 of SEBI (LODR) Regulations, 2015, as amended from time to time this is to inform that the Board of Directors have declared an Interim Dividend of Rs. 0.80/- per equity share of Rs 10/- each."

IRFC Stock Outlook & Return Over Years: Last trading price of IRFC stock on BSE is Rs 73.06 per share with intraday gain of 0.18%. Its 52-week high price is Rs 92.94 per share and 52-week low price is Rs 22.50 per share, respectively. The company has a market capitalisation of Rs 95,478.50 crore. Indian Railway Finance Corporation stock offered a rally of 84% in last 3-months only, soared 117% in last 6-months, gained 222% in last 1-year, and jumped 196% in last 2-years.

About IRFC: 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.

Disclaimer: The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.