IRFC‘s share price was upbeat on Tuesday morning going up around 1% to hit an intraday high of ₹187.28.

What Happened: The company’s net profit for the June quarter reached ₹1,576.8 crore, showing a slight increase compared to ₹1,551.2 crore in the same quarter last year.

The railway major reported total revenue from operations of ₹6,765.63 crore for the April-June quarter, reflecting a 1.37% rise from ₹6,673.8 crore in the corresponding period last year.

The company’s interest income for the quarter came in at ₹1,819 crore down 14% from the ₹2,131 crore posted in the same quarter last year. Lease income for the June quarter stood at ₹4,946 crore, up around 9% from the ₹4,542 crore posted in the corresponding quarter of the previous year.

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The company’s debt-to-equity ratio improved to 8.08% in the reported quarter, from 8.38% in Q4 FY24 and 8.87% in Q1 FY24.

IRFC had previously declared a final dividend of ₹0.7 per share and has set August 22, 2024, as the record date to determine the eligibility of shareholders for this dividend.

Price Action: IRFC’s share price was up 0.94% to trade at ₹186.30 as the markets opened on Tuesday.

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