Indian Railway Finance Corporation Q2 results: Earnings up 4.05% YoY

Indian Railway Finance Corporation Q2 Results Live: Indian Railway Finance Corporation (IRFC) announced its Q2 results on November 4, 2024, demonstrating a robust growth trajectory. The company’s revenue grew 1.97% year-over-year, while earnings grew 4.05% over the same period.

Compared to the previous quarter, IRFC’s revenue increased by 1.98% and profit increased by 2.27%. This consistent growth reflects the company’s strong operating performance and strategic financial management.

Selling, general and administrative expenses increased significantly, increasing 11.58% quarter-over-quarter and 7.67% year-over-year. This increase in costs highlights the challenges faced in managing operating expenses in a competitive financial environment.

Operating income for the quarter increased 1.92% quarter-on-quarter and increased 1.94% year-over-year, indicating robust operating performance. Additionally, earnings per share (EPS) are reported at ₹1.23 for the second quarter, reflecting growth of 2.5% year-over-year.

Over the past week, the Indian Railway Finance Corporation posted a commendable return of 6.8%. However, it has faced a decline of 1.55% over the past six months, while maintaining an impressive year-to-date return of 54.24%.

IRFC currently boasts a market capitalization ₹200,261.8 crore and the stock is trading within a 52-week range ₹229 at its peak and ₹The quote of 72.65 is at the lowest level, which indicates the company’s stability in the market.

Financial performance of Indian Railway Finance Corporation

Period	2nd quarter	1st quarter	Growth QoQ	2nd quarter	Annual growth
Total income	6899.66	6765.63	+1.98%	6766.63	+1.97%
General Selling/General/Administrative Expenses	2.92	2.62	+11.58%	2.71	+7.67%
Wear/Amortization	1.09	1.59	-31.4%	2.15	-49.3%
General operating expenses	38.81	34.28	+13.21%	36.12	+7.46%
Operating profit	6860.85	6731.35	+1.92%	6730.51	+1.94%
Net profit before taxes	1612.65	1576.83	+2.27%	1549.87	+4.05%
Net profit	1612.65	1576.83	+2.27%	1549.87	+4.05%
Diluted normalized earnings per share	1.23	1.21	+1.92%	1.2	+2.5%

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