IRFC Q4 results 2023: Posts profit of Rs 6,337 crore for FY23; declares dividend

IRFC Q4 results 2023, IRFC share price: Indian Railway Finance Corporation (IRFC) Ltd on Thursday posted a profit of Rs 6,337 crore for the financial year 2022-23. It stood at Rs 6,090 crore in 2021-22 fiscal, the dedicated market borrowing arm of Indian Railways said in a statement. The revenue from operations for FY23 grew 17.70 per cent to stand at Rs 23,891 crore as against Rs 20,298 crore reported a year ago. Shares of the company fell 5.44 per cent to settled at Rs 32 apiece on the BSE.

IRFC dividend 2023 

IRFC board has announced a final dividend of Rs 0.70 per equity share of Rs 10 each, i.e., 7 per cent payout for the financial year 2022-23. It is subjected to the approval of shareholders at the  Annual General Meeting (AGM). The company has already paid 80 paise per share as interim dividend which amounts to a total dividend of Rs 1.5 per share for FY23. At the end of FY23, the net worth rose 10.91 per cent to Rs 45,470 crore as against Rs 40,996 crore reported in the year-ago period. During the same period, Assets Under Management (AUM) was at Rs 4,66,938 crore, registering a growth of 8.6 per cent.

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