IRFC Q3 net profit rises 2% to ₹1,631 crore, revenue up 0.4%

In the year-ago period, the post-tax profit was ₹1,598.93 crore.

Revenue from operations increased 0.39% to ₹6,766.39 crore in the latest October-December quarter as compared to ₹6,740.02 crore in the corresponding period last year.

IRFC share price

Following the earnings announcement, shares of IRFC rose 0.35% to ₹146.70 apiece on the National Stock Exchange at 2:39 pm.

Its market capitalisation stands at ₹1,91,675.78 crore.

The stock has declined 3.59% in the past month, 24.52% in the six-month period, and 12.14% in one year.

The company's total expenses declined 0.10% to ₹5,135.73 crore in Q3 FY25 as against ₹5,141.09 crore in the same period last year.

Total comprehensive income for the period was ₹1627.62 crore, compared to ₹1605.56 crore. In the previous quarter, it was ₹1,602.59 crore.

IRFC is a dedicated market borrowing unit of the Indian Railways, focusing on financing the acquisition of rolling stock assets, including unpowered and powered vehicles such as locomotives, wagons, coaches, trucks, flats, containers, electric multiple units, trollies, cranes, and others.

Last week, IRFC signed a lease agreement with NTPC for eight (Bogie Open Bottom Rapid) rakes worth ₹250 crore .

"This is to inform that Indian Railway Finance Ltd (IRFC), a Public Sector Enterprise under the Ministry of Railways, has signed a Lease Agreement dated 15th January 2025 with NTPC, a Public Sector Enterprise under the Ministry of Power," the company had said in a regulatory filing.

This was the first phase of IRFC's commitment to fund 20 BOBR rakes under the Indian Railways' General Purpose Wagon Investment Scheme (GPWIS). In October, IRFC's board had approved financing ₹700 crore for these rakes.