2024-11-05 11:59:06 :
Indian Railway Finance Corporation Second Quarter Results Live: Indian Railway Finance Corporation (IRFC) announced its second quarter results on November 4, 2024, showing a stable growth trajectory. The company’s revenue increased by 1.97% year-on-year, and its profit increased significantly by 4.05% over the same period.
Compared with the previous quarter, IRFC revenue increased by 1.98% and profit increased by 2.27%. This continued growth reflects the company’s strong operating performance and strategic financial management.
Selling, general and administrative expenses increased significantly, with a month-on-month increase of 11.58% and a year-on-year increase of 7.67%. The increase in expenses highlights the challenges of managing operating costs in a competitive financial environment.
This quarter’s operating income increased by 1.92% month-on-month and 1.94% year-on-year, with stable operating efficiency. Additionally, earnings per share (EPS) were reported as $It was 1.23 in the second quarter, an increase of 2.5% year-on-year.
Indian Railways Financial Corporation has posted a respectable return of 6.8% over the past week. However, it has lost 1.55% over the past six months while maintaining an impressive year-to-date return of 54.24%.
Currently, IRFC’s market capitalization is $200,261.8 Crore, its stock trading volume in the 52-week range $229 Highest Point $A low of 72.65 shows the company’s resilience to the market.
Indian Railway Finance Corporation Financial Status
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 6899.66 | 6765.63 | +1.98% | 6766.63 | +1.97% |
| Total Selling/General/Administrative Expenses | 2.92 | 2.62 | +11.58% | 2.71 | +7.67% |
| Depreciation/Amortization | 1.09 | 1.59 | -31.4% | 2.15 | -49.3% |
| total operating expenses | 38.81 | 34.28 | +13.21% | 36.12 | +7.46% |
| operating income | 6860.85 | 6731.35 | +1.92% | 6730.51 | +1.94% |
| net income before tax | 1612.65 | 1576.83 | +2.27% | 1549.87 | +4.05% |
| net income | 1612.65 | 1576.83 | +2.27% | 1549.87 | +4.05% |
| Diluted normalized earnings per share | 1.23 | 1.21 | +1.92% | 1.2 | +2.5% |
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