IRFC Share Price Surge 5.59% to ₹146.02

Indian Railway Finance Corporation Limited (IRFC) was gaining investors’ attention on Tuesday. On November 19, 2024, IRFC share price opened at ₹140.30, up from its previous close of ₹138.29. At 11:52 AM, the share price of IRFC was trading at ₹146.02, up by 5.59% on the NSE. The market cap of the company was ₹1,90,800.19 crore. 

On July 15, 2024, the share price of IRFC touched its 52-week high at ₹229.00.

Q2 FY 2025 Financial Highlights

Earlier this month, the company announced its unaudited financial results for the second quarter (Q2) and half-year ending September 30, 2024. During this period, the company reported a Profit After Tax (PAT) of ₹3,189.47 crore, a slight increase from ₹3,095.86 crore reported in the same period last year, reflecting a growth of 3.02%.

For Q2 FY 2024-25, the company recorded a 4.41% growth in PAT, reaching ₹1,612.65 crore compared to ₹1,544.58 crore in Q2 FY 2023-24. The total income for the six-month period stood at ₹13,666.22 crore, showing a growth of 1.70% from ₹13,437.91 crore in the previous year. Similarly, the total income for Q2 FY 2024-25 grew by 2.04%, amounting to ₹6,900.20 crore, up from ₹6,762.18 crore reported in Q2 FY 2023-24.

The company’s net worth as of September 30, 2024, reached ₹51,464.12 crore, an increase of 9.77% from ₹46,883.22 crore at the same point last year. Additionally, the Assets Under Management (AUM) as of September 30, 2024, stood at ₹4,62,282.62 crore, indicating strong financial growth and asset management performance.

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.