Indian Railway Finance Corporation Q2 Results Live : Indian Railway Finance Corporation (IRFC) announced its Q2 results on November 4, 2024, showcasing a steady growth trajectory. The company’s topline revenue increased by 1.97% year-over-year, while profits saw a notable rise of 4.05% during the same period.
In comparison to the previous quarter, IRFC’s revenue grew by 1.98%, and profits increased by 2.27%. This consistent growth reflects the company’s robust operational performance and strategic financial management.
The Selling, General & Administrative expenses have risen significantly, reporting an 11.58% increase quarter-over-quarter and a 7.67% rise year-over-year. This rise in expenses highlights the challenges faced in managing operational costs amidst a competitive financial landscape.
Operating income for the quarter was up by 1.92% compared to the previous quarter, and increased by 1.94% year-over-year, indicating a stable operational efficiency. Furthermore, the Earnings Per Share (EPS) is reported at ₹1.23 for Q2, which reflects a 2.5% increase year-over-year.
Over the past week, Indian Railway Finance Corporation has delivered a commendable return of 6.8%. However, it faced a decline of 1.55% over the last six months, while maintaining an impressive year-to-date return of 54.24%.
Currently, IRFC boasts a market capitalization of ₹200,261.8 crore, with its stock trading within a 52-week range of ₹229 at its high and ₹72.65 at its low, showcasing the company’s resilience in the market.
Indian Railway Finance Corporation Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 6899.66 | 6765.63 | +1.98% | 6766.63 | +1.97% |
| Selling/ General/ Admin Expenses Total | 2.92 | 2.62 | +11.58% | 2.71 | +7.67% |
| Depreciation/ Amortization | 1.09 | 1.59 | -31.4% | 2.15 | -49.3% |
| Total Operating Expense | 38.81 | 34.28 | +13.21% | 36.12 | +7.46% |
| Operating Income | 6860.85 | 6731.35 | +1.92% | 6730.51 | +1.94% |
| Net Income Before Taxes | 1612.65 | 1576.83 | +2.27% | 1549.87 | +4.05% |
| Net Income | 1612.65 | 1576.83 | +2.27% | 1549.87 | +4.05% |
| Diluted Normalized EPS | 1.23 | 1.21 | +1.92% | 1.2 | +2.5% |
