IRFC Q3 Results: Net profit gains 2% YoY to Rs 1,631 crore, revenue flat

State-owned Indian Railway Finance Corporation (IRFC) on Monday said that its net profit jumped nearly 2% year-over-year (YoY) to Rs 1,630.66 crore for the third quarter ended December 2024, compared to a profit of Rs 1,598.93 crore in the previous corresponding quarter of last year.

The revenue from operations for the quarter stood at Rs 6,763.43 crore, up 0.4% from Rs 6,736.57 crore reported in the same quarter last year.

The company’s total expenses stood at Rs 5,135.73 crore in the third quarter ended December, compared to Rs 5,287.55 crore in the second quarter of FY25, witnessing a nearly 3% decline in expenses quarter-over-quarter. The company’s total expenses in the third quarter of last year was at Rs 5,141.09 crore.


The company’s earnings per share (EPS) for the quarter stood at Rs 1.25 per share, compared with an EPS of Rs 1.22 per share reported in the same quarter last year.

IRFC share price performance and financial health
Indian Railway Finance Corporation (IRFC) shares have experienced a decline of 8.46% over the past year and a sharper fall of 28.71% in the last six months. However, the stock has shown a strong recovery in the past week, gaining 8.09%.

Extending its winning streak to a fifth straight session, IRFC shares climbed marginally higher on Monday to later trade marginally lower by 0.2% at Rs 146 on the BSE, following the announcement of the company's December quarter results.

According to data from Trendlyne, the average target price for IRFC shares is Rs 50 per share.

The state-run railway financing entity has recently made notable strides in business development. Last Wednesday, IRFC finalized a leasing agreement with NTPC for eight BOBR (Bottom Open Bottom Rapid Discharge) rakes worth Rs 250 crore. Additionally, earlier in the week, the company emerged as the lowest bidder for financing a Rs 3,167 crore coal mine project in Jharkhand.

As per the latest shareholding data, the government continues to hold a dominant stake in IRFC, owning 86.36% of the company's equity.