Indian Railway Finance Corporation Limited — Updates, 20-01-2025: Press Release

Indian Railway Finance Corporation Limited (IRFC) reported its financial results for the third quarter and nine-month period ending December 31, 2024. The company achieved a profit after tax (PAT) of ₹4,820.13 crore, reflecting a growth of 1.98% compared to the same period last year. Total income for the nine-month period increased by 1.26% to ₹20,432.61 crore. For Q3 alone, total income slightly declined to ₹6,766.39 crore from ₹6,740.02 crore in the previous year.

Net worth grew by 9.70% to ₹52,046.26 crore, and assets under management (AUM) reached ₹4,61,251.34 crore. The earnings per share (EPS) stood at ₹3.69.

The Chairman & MD noted IRFC's strategy of diversifying its lending portfolio, including winning a bid for ₹3,167 crore for the Banhardih Coal Block development project in Jharkhand. Additionally, financing for 20 BOBR rakes for NTPC was approved, with an initial lease agreement signed for ₹250 crore. The company is also focusing on obtaining cheaper funding sources. Positive outlook as these efforts align with the broader growth strategy.