IRFC Share Price in Focus Ahead of Q2 FY 2025 Financial Results and Interim Dividend Announcement

Indian Railway Finance Corporation (IRFC) share price is in focus on Thursday. On October 31, 2024, IRFC share price opened at ₹155.40, with not much difference from its previous close of ₹155.55. At 11:28 AM, the share price of IRFC was trading at ₹155.90, up by 0.23%. The stock touched its 52-week high at 229.00 on July 15, 2024. 

Upcoming Board Meeting for Q2 FY 2025 Financial Results 

The funding arm of Indian Railways, IRFC, recently announced that it has scheduled a meeting of its Board of Directors for Monday, November 4, 2024. During this meeting, the Board will consider and approve the unaudited financial results for the quarter and half-year ended September 30, 2024. 

Interim Dividend for FY 2025

Additionally, the Board is expected to discuss the declaration of an interim dividend for the financial year 2024-25. The record date for determining shareholders’ entitlement to this interim dividend is set for Tuesday, November 12, 2024, contingent upon the Board’s approval.

Q1 FY 2025 Financial Highlights

Looking back at the quarter ended June 30, 2024 results, IRFC reported Revenue from Operations of ₹67,656.33 million, showing an increase from ₹66,738.76 million in the same quarter of the previous fiscal year. Furthermore, the profit for the quarter ended June 30, 2024, stood at ₹15,768.31 million, a rise from ₹15,512.77 million in the quarter ended June 30, 2023.

As IRFC, the Mini Ratna I and Schedule ‘A’ Public Sector Enterprise under the Ministry of Railways, prepares to release its financial results and potential interim dividend, investors will closely monitor the company’s performance metrics.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.