Aug 08, 2022 04:01 PM
Indian Railway Finance Corporation announced Q4FY22 results:
Commenting on the financial results, Shri. Amitabh Banerjee, Chairman and Managing Director, IRFC said: “IRFC has consistently exhibited a rising and strong financial performance on the back of raising funds at the most competitive rates and at the opportune time from the domestic and international markets. Despite the hardening of interest rate in the financial market, due to diversified borrowing portfolio IRFC could achieve reduction in weighted average cost of borrowing by 10 bps as compared to previous year. IRFC is committed to its contribution to India’s resolve in developing and expanding the Infrastructure Sector with a special impetus on Railway Sector. This is amply evident from the high quantum of borrowing mandate of ? 66,500 for FY 2022-23 received from MoR
Government of India has encouraged private participation in rail projects and has approved participative models for rail connectivity and capacity augmentation projects. IRFC is set to expand its wings, and as per the mandate, it can finance non-Railway projects that have a backward and/or a forward linkage with the Indian Railways, which would include high-speed rails, dedicated freight corridors, station development, port development and multi-modal logistic parks.”
|Nov 10, 2021||Dividend||7.7|
|Feb 17, 2021||Dividend||10.5|
Indian Railway Finance Corporation Ltd. is the NBFC sector company and has a market capitalization of Rs. 30,514.96 Cr as of 16 August 2021. At the end of March 2021. It registered Annual revenue of INR 15,770 Crores. On 29 January 2021, IRFC got listed on the National Stock Exchange (NSE) with the symbol IRFC and on the Bombay Stock Exchange (BSE), with code 543257.
IRFCL dedicated market borrowing arm of the Indian Railways other government entity which is under the control of Minister of railways such as Konkan Railway Corporation Limited (KRCL), Rail Vikas Nigam Limited (RVNL), Railtel, Pip avav Railway Corporation Limited (PRCL) for its various projects. The 1986 incorporated company is Schedule ‘A’Public Sector unit Railway control company and registered with Federal Reserve Bank of India (RBI) as “Systemically Important Non–Deposit taking (NBFC – ND-SI) and infrastructure company. IRFC follows the cost plus lease model to ensure a net interest margin. The Lease period of assets is typically 30 years. IRFC gets funding through borrowing funds from domestic and overseas Capital Markets or issuance of bonds, terms loan from banks, and equity fusion from the Government of India. The company has received the highest credit ratings from various credit rating companies. It is a scheduled & Public Sector Enterprise. The mission of the company is to become one of the leading financial service companies for raising funds at a competitive cost. The promoters within the company hold 86.36%. 1.99% is held by foreign Institutions and other domestic institutions. The Balance of 11.65% is by Retail and Mutual Funds.
In March 2021, net annual sales were Rs 15,770 crore, up 13.96% from Rs 13,838 crore in March 2020. Annual Net Profit in March 2021 was Rs. 4416 crore, up 20 % from Rs. 3692 crore in March 2020. In March 2021, EBIT will be Rs. 15,653 crore, up 14% from Rs. 13,772 crore in March 2020. From Rs. 3.93 in March 2020, IRFC EPS has decreased to 3.66 Rs. in March ‘2021. IRFCs stock closed at 23.75 on16 August 2021 (NSE) and has returned 3.04% in the last three months.
|AGM Date (Month)||:||Sep|
|Face Value Equity Shares||:||10|
|Market Lot Equity Shares||:||1|
|Book Closure Date (Month)||:|