Image Source : PTI/FILE PHOTO IRFC logs 15% rise in web revenue for October-December
Indian Railway Finance Corporation Ltd (IRFC) has reported a progress of 15.4 per cent at Rs 1,046.74 crore for the quarter ended December. During the identical interval of the final fiscal, the corporate had reported a web revenue of Rs 907.04 crore. Its complete income from operations rose 8 per cent to Rs 3,932.38 crore in the course of the quarter beneath overview, confirmed a regulatory submitting.
Its web revenue for the April-December interval rose by 15.65 per cent to Rs 2,934 crore. The firm had reported a web revenue of Rs 2,537 crore for the corresponding 9 months within the earlier fiscal.
The complete income from operations from the primary 9 months of the present fiscal grew by 10.76 per cent on a year-on-year (YoY) foundation at Rs 11,315.51 crore.
The Board of Directors of IRFC has declared an interim dividend of Rs 1,380 crore translating to Rs 1.05 per share for the monetary yr 2020-21, on a face worth of Rs 10 per fairness share.
Amitabh Banerjee, Chairman and Managing Director, IRFC, mentioned: “The massive investment plan that Indian Railways has drawn for the growth, expansion and modernization of Indian Rail System in the current decade and the fact that a significant portion of the funding requirement is to be met through IRFC, there will be a sustained growth in revenue and profitability in future.”
“This can be substantiated by the results which we have witnessed for the 9M FY2021 results,” he mentioned.
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