IRFC Share Price in Focus as Board Considers Second Interim Dividend on March 17

Indian Railway Finance Corporation (IRFC) has scheduled a board meeting on Monday, March 17, 2025, to consider the declaration of a second interim dividend for the financial year 2024-25. The decision, if approved by the board, will benefit eligible shareholders.

Record Date Set for IRFC’s Second Interim Dividend

To determine the shareholders eligible for the interim dividend, IRFC has set March 21, 2025, as the record date. Investors holding shares as of this date will be entitled to receive the dividend, subject to the board’s final approval.

Financial Performance in Q3 FY25

For the third quarter of the financial year 2024-25, IRFC reported a revenue of ₹6,763 crore, which is nearly at par with the ₹6,737 crore recorded in the same quarter last year.

The company’s net profit for the period rose by 2% year-on-year to ₹1,630 crore, indicating a steady growth trajectory.

Government’s Stake in IRFC 

IRFC, a key railway sector financier, is also among the public sector undertakings (PSUs) where the government could consider a stake sale to comply with the Minimum Public Shareholding (MPS) norms.

Currently, the government holds an 86.36% stake in IRFC, which exceeds the 75% limit required for promoter shareholding under the MPS regulations.

As part of the broader strategy to align with these norms, IRFC remains on the list of potential PSUs where the government may dilute its stake in the future.

Stock Performance 

On March 13, 2025, IRFC share price ended 1.22% lower at ₹117.70. IRFC’s share price reached a 52-week high of ₹229.05, and a 52-week low of ₹108.05. As per BSE, the total traded volume for the stock stood at 9.59 lakh shares with a turnover of ₹11.36 crores.

At the current price, IRFC shares are trading at a price-to-earnings (P/E) ratio of 23.53x, based on its trailing 12-month earnings per share (EPS) of ₹5, and a price-to-book (P/B) ratio of 2.99, according to exchange data.

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