Profit For Indian Railway Finance Corporation Increases By 37.90% In 2021-22
The external financing arm of Indian Railways, Indian Railway Finance Corporation Limited (IRFC), reported a 37.90% increase in profit after tax to Rs 6,090 crore in 2021-22 on May 20. The company's profit after tax for the previous fiscal year was 4,416 crore. As of March 31, 2022, the company's assets under management were €4,15,238 crore, representing a 15.32% increase.
Tags: Indian Railways, RAILWAYS, profit after tax, IRFC, PROFIT
Courtesy: NDTV
Railways' Finance Arm IRFC's Q3 Profit Clocks 16% Rise To Rs 2,934 Cr
The Indian Railway Finance Corporation Ltd has reported a 16% surge of Rs 2,934 crore in its Q3 of FY21 profit ending December 2020. Additionally, the company witnessed a 10.76% rise in its total revenue that stood at Rs 11,315.51 crore. Interestingly, allowing interim dividend, the IRFC also revealed having no NPAs and credited government linkages, strong Capital Adequacy Ratio and positive credit ratings behind the growth.
Tags: IRFC, Indian Railways, Companies, QUARTER PROFITS, NPAs
Courtesy: LiveMint