Indian Railway Finance Corporation Q2 Results Live: Profit Rise by 4.05% YoY | Company Business News

Indian Railway Finance Corporation Q2 Results Live : Indian Railway Finance Corporation (IRFC) announced its Q2 results on November 4, 2024, showcasing a steady growth trajectory. The company’s topline revenue increased by 1.97% year-over-year, while profits saw a notable rise of 4.05% during the same period.

In comparison to the previous quarter, IRFC’s revenue grew by 1.98%, and profits increased by 2.27%. This consistent growth reflects the company’s robust operational performance and strategic financial management.

The Selling, General & Administrative expenses have risen significantly, reporting an 11.58% increase quarter-over-quarter and a 7.67% rise year-over-year. This rise in expenses highlights the challenges faced in managing operational costs amidst a competitive financial landscape.

Operating income for the quarter was up by 1.92% compared to the previous quarter, and increased by 1.94% year-over-year, indicating a stable operational efficiency. Furthermore, the Earnings Per Share (EPS) is reported at ₹1.23 for Q2, which reflects a 2.5% increase year-over-year.

Over the past week, Indian Railway Finance Corporation has delivered a commendable return of 6.8%. However, it faced a decline of 1.55% over the last six months, while maintaining an impressive year-to-date return of 54.24%.

Currently, IRFC boasts a market capitalization of ₹200,261.8 crore, with its stock trading within a 52-week range of ₹229 at its high and ₹72.65 at its low, showcasing the company’s resilience in the market.

Indian Railway Finance Corporation Financials