Indian Railway Finance Corporation (IRFC) is a Schedule ‘A’ Miniratna Public Sector Enterprise under the administrative control of Ministry of Railways, Government of India. Indian Railway Finance Corporation (IRFC) is the specialized financial arm of the Indian Railways. Indian Railway Finance Corporation’s net profit increased by 2.48% year-on-year 1633.45 crore in the quarter ending December 2022 1593.91 crore in the quarter ending December 2021.
The company posted revenue from operations of 6218.10 Cr in Q3FY23 against 5095.96 Cr in Q3FY22, representing a YoY growth of 22.02%. Company’s net expense reached 4588.58 Cr in Q3FY23 as compared to Rs. 3503.24 crore in the year-ago quarter. The EPS of Indian Railway Finance Corporation (IRFC) stood at as compared to 1.25 in Q3FY23 1.22 in Q3FY22.
Indian Railway Finance Corporation shares closed today on NSE Down 0.50% from previous close of 29.95 30.10. The stock registered a total volume average of 14,626,480 shares and a delivery volume average of 487,646,843 shares at a percentage of 33.34%. At today’s close, the stock was seen trading below 5, 10, 20 and 50 days SMAs but above 100 and 200 days Simple Moving Averages (SMAs).
The stock has gained 35.52% in last 1 year and on YTD basis, it has declined 8.97% in 2023 so far. The stock has touched a 52-week high. at 37.10 (30-Nov-2022) and at 52-week low at 19.30 (20-Jun-2022), indicating that at the current market price, the stock is trading 19.27% down from 1-year high and 55.18% up from 1-year low. During Q3FY23, the company recorded promoter shareholding of 86.36%, FII holding of 1.01%, DII holding of 2.97% and public holding of 9.66%.
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