IRFC Standalone Net Profit Surges 1.30% in June Quarter

Sales reach Rs 6765.63 crore, up 1.29%. Indian Railway Finance Corporation’s net profit increased by 1.30% to Rs 1576.83 crore in the June 2024 quarter compared to Rs 1556.57 crore in the June 2023 quarter. In the quarter that ended in June 2024, sales increased by 1.29% to Rs 6765.63 crore, compared to Rs 6679.17 crore in the quarter that ended in June 2023. 

In the first quarter of the 2025 fiscal year, the government-owned railway company’s earnings after tax (PAT) climbed by 1.6 percent to ₹1,577 crore from ₹1,551 crore during the same time the previous year. In the same time, IRFC’s operating revenue increased by 1.4 percent to ₹6,766 crore from ₹6,674 crore the year before. 

Profit after tax and other comprehensive income after tax make up the railway PSU’s total comprehensive income for the quarter, which came to ₹1,589 crore. This is a little increase from ₹1,581 crore in the same quarter the previous year. 

According to a report published on August 10, government investment is anticipated to enhance railway PSU operations. As a result, it is anticipated that the state-owned railway businesses’ medium- to long-term quarterly figures will rise in the next quarters. 

SMC Global Securities’ Seema Srivastava, a senior equity research analyst, stated: “Policy paralysis caused PSU stocks, including railway PSUs, to take a beating following the below-estimated Q1 results 2024.” State-owned businesses are now required to run at full capacity, and this announcement of a new railway project is a clear illustration of this.”

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