Railway PSU Stock: Multibagger Railway PSU Stock Indian Railway Finance Corporation Limited (IRFC) has released the results for the March quarter. According to the report submitted to the exchange filing, the profit of the company has increased by 34 percent in the fourth quarter of the financial year 2023-24. Along with the results, the company has also announced a dividend for the shareholders.
Railway PSU Stock (IRFC Share) Performance
So far this year, shares of IRFC have given impressive returns of more than 78%. It has yielded a profit of more than 410% in one year to its investors. The share price grew from Rs 100.40 to present Rs 178.75.. Currently the share price is trading at Rs 176.00 by the end Wednesday, 22nd 2024. The opening price of the IRFC share was RS 182.85 but it gradually fall 1.92% by end today and stood at closing price of RS 176
IRFC Q4 Quarter Results
According to the information given to the stock exchange BSE, the profit of Railway PSU increased by 34 percent to Rs 1,717.32 crore in the fourth quarter of FY24. The profit in the same quarter a year ago was Rs 1,285.24 crore. Revenue of Miniratna Railway PSU increased by 1.73 per cent to Rs 6,473 crore in the March quarter, compared to Rs 6,193 crore in the same quarter last year. The net profit of Maharatna company for FY24 stood at ₹6,412 crore, while it was ₹6,167 crore in FY23.
Also Read : This ₹ 20 Power Share Given 250% Return, Net Profit Jumped to ₹ 588.79 Crore in March Quarterly Results
IRFC Dividend Announcement
Railway PSU stock has recommended a final dividend of ₹ 0.70 per equity share of ₹ 10 for the financial year 2023-24. The company said in its exchange filing, the Board of Directors has declared a final dividend of 70 paise per share. The railway PSU said, if declared in the upcoming AGM, the payment will be made to the shareholders within 30 days from the date of the AGM.
IRFC Fundamental Analysis
Market Cap:. ₹ 2,26,347 Crore
52 Week High/Low: ₹ 192.80/₹ 31.20
Face Value:. ₹ 10.00
Book Value: ₹ 36.92
ROE: 13.94%
ROCE: 7.25%
P/B Ratio: 4.69
P/E Ratio: 37.00
Return on Assets: 1.36%
Dividend Yield: 0.87%
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