IRFC’s Stellar Q4 Performance and Dividend Boost Ignite Investor Interest
The Indian Railway Finance Corporation (IRFC) has recently captured investor attention with its strong Q4 results and a significant dividend announcement.
For the fiscal year ending March 31, 2024, IRFC reported a substantial rise in net profit, which soared to ₹1,608 crore, marking a robust growth compared to ₹1,043 crore in the same period last year.
IRFC, the dedicated financing arm of the Indian Railways, plays a pivotal role in raising financial resources for the expansion and modernization of India’s railway infrastructure.
The impressive Q4 performance indicates not only the company’s sound financial management but also the strategic importance of rail infrastructure development in India.
In addition to the financial results, IRFC declared a final dividend of ₹0.77 per share, which brings the total dividend for the fiscal year to ₹1.65 per share.