IRFC (Indian Railway Finance Corp) shares tumbled down over 3 per cent on NSE (National Stock Exchange), after company announced their earnings report for quarter ended on December 31, which showed a flat growth in Q3 of FY25.
The shares of IRFC went on tubmbling down to touch day low level of Rs 141.36 per share on the exchanges after hitting the opening bell at Rs 146.60 with decline of 0.068 per cent comparing to the closing bell level at last trading session.
IRFC shares were trading around Rs 143.05 per share on the Indian exchanges with a decline of 2.49 per cent amounting to a Rs 3.85 per share on the bourses.
IRFC Q3 FY25
Q3 FY25 PAT (Profit after tax)
The state-run Indian Railway Finance Corporation (IRFC) reported its profit after tax (PAT) increased by 1.98 per cent to Rs 1,630.66 crore in the third quarter of the fiscal year 2024–2025. The net profit for the previous year was Rs 1,598.93 crore.
Operational Revenue Q3 FY25
In Q3 FY25, revenue from operations increased by 0.40 percent to Rs 6,763.43 crore from Rs 6,736.57 crore in the same period the previous fiscal year. In the December 2024 quarter, total expenses decreased by 0.10 percent to Rs 5,135.73 crore from Rs 5,141.09 crore in the third quarter of FY24.
Order win
Concurrently, the rail PSU was the lowest bidder for the Rs 3,167 crore financing of the development of the Banhardih Coal Block in Jharkhand's Latehar district.
A joint venture between NTPC Ltd. (74 per cent equity stake) and Jharkhand Bijli Vitran Nigam (26 per cent equity stake), Patratu Vidyut Utpadan Nigam Limited (PVUNL) is working on the project.
