IRFC Q1 results highlights: Revenue and net profit remain flat; check details

In a stock exchange notification issued after the market hours on Monday, IRFC said that its revenue in Q1 FY25 stood at ₹6,765 crore, up 1.4% from ₹6,673 crore in the year-ago period.

The company’s net profit was also flat at ₹1,576 crore during the quarter, compared to ₹1,557 crore a year ago.

Sequentially, IRFC’s revenue improved slightly from ₹6,473 crore seen in Q4 FY24, but net profit fell significantly compared with ₹1,717 crore during the quarter.

After the earnings announcement, the IRFC stock jumped as much as 2.6% on Tuesday to hit an intraday high of ₹189.45 on the National Stock Exchange of India (NSE). The stock has lost around 14% in the last one month but is up over 85% year-to-date.

Some buying interest in IRFC is also currently due to the dividend announced in May, whose record date is approaching. IRFC had earlier recommended a final dividend of ₹0.70 per equity share with a face value of ₹10. The board of directors fixed August 22, 2024, as the record date to determine the shareholders eligible to receive the dividend.

IRFC was also in focus along with other railway stocks after the Cabinet Committee on Economic Affairs (CCEA) on Friday approved eight new railway projects worth ₹24,657 crore.

IRFC and other railway stocks were also in focus after the Cabinet Committee on Economic Affairs (CCEA) on Friday approved eight new railway projects worth ₹24,657 crore. The projects will expand the Indian Railways network by 900 km and are projected to be completed by 2030-31.

The projects will be implemented in Odisha, Maharashtra, Andhra Pradesh, Bihar, Telangana, Jharkhand, and West Bengal y constructing 64 new stations. These are slated to be completed by FY31. The proposed projects will improve the logistical efficiency of the Indian Railways.