Indian Railway Finance Corporation (IRFC) reported its earnings for the quarter ended September just before market close on Monday.
What Happened: The company's net profit for the quarter under review stood at ₹1,612 crore, a 4% jump from the ₹1,544 crore posted in the same quarter last year.
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The company's revenue from operations inched up 2% year-on-year, to ₹6,899 crore, compared to the ₹6,767.5 crore posted in the corresponding quarter of the previous year.
IRFC has also declared an interim dividend of ₹0.8 per share. The record date for the dividend payment is November 12.
Shares of the company that were taking a beating on Monday did not see any respite after the results came out.
Indian Railway Finance Corporation, a public sector undertaking, raises financial resources for railway expansion through capital markets and other borrowings.
Price Action: IRFC’s share price was down 3.36% to trade at ₹152.80 on Monday.
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