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IRFC
Board Approves Interim Dividend
Shares of Indian Railway Finance Corporation Ltd (IRFC) gained nearly 0.9% on Monday after the company's board approved an interim dividend of Rs 0.80 per equity share for the financial year 2024-25. The record date for determining shareholder entitlements is set for Friday, March 21, 2025.
IRFC
Stock Performance and Financials
IRFC's stock has corrected over 48% from its 52-week high of Rs 229.05 reached in July 2024, but has risen about 10% from its 52-week low of Rs 108.05 hit on March 3, 2025. The company's net profit rose nearly 2% year-over-year to Rs 1,630.66 crore for the third quarter ended December 2024, while revenue from operations stood at Rs 6,763.43 crore, up 0.4% YoY.
About IRFC
and Shareholding
Incorporated in 1986, IRFC is a public sector undertaking (PSU) primarily engaged in financing the acquisition of rolling stock assets, leasing of railway infrastructure, and lending to entities under the Ministry of Railways. The government continues to hold a majority 86.36% stake in the company, which made its stock market debut in January 2021 through an IPO that raised Rs 4,633.38 crore.
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