In early morning trade on Tuesday, shares of India Railway Finance Corporation (IRFC) jumped to 2.6% at Rs 189.45 a share on the BSE. On August 12, 2024, the company released its April-June quarter of the fiscal year 2024–25 (Q1FY25), which caused the stock price to go up.
The railway financier recorded revenue for the quarter of Rs 6,765 crore, up 1.4% from Rs 6,673 crore during the same time the previous year. IRFC’s net profit remained almost unchanged from the previous year at Rs 1,576 crore as compared to Rs 1,551 crore. To Rs 1,611 crore, the net interest income increased by 1.8%.
IRFC’s net profit and revenue during the June quarter were unchanged from the previous year. Net profit dropped from the March quarter despite an increase in revenue.
As of 11:00 am, IRFC shares were trading 0.97% higher at Rs 186.35 on the NSE.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.