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Earnings Review:Despite fall in interest income, IRFC's PAT rises marginally

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Earnings Review

Despite fall in interest income, IRFC's PAT rises marginally

This story was originally published at 16:46 IST on January 20, 2025  Back
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Indian Railway Finance Corp. Ltd. Monday reported a marginal growth in net profit for the December quarter, mainly on the back of modest growth in lease income. The net profit for Oct-Dec increased 2.0% on year to INR 16.31 billion. The company's interest income, however, declined compared to the corresponding period last year, thereby impacting the lender's bottom line.

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