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Informist, Tuesday, Jul. 22, 2025
By Sagar Sen
NEW DELHI – Indian Railway Finance Corp. Ltd reported healthy growth in net profit in the June quarter despite a fall in interest income. The net profit of the Indian Railways' financier rose 10.7% on year to INR 17.46 billion in Apr-Jun, mainly on the back of robust lease income. The net profit rose 3.8% from the previous quarter.
Leasing income, the company's primary source of revenue, rose 9.2% on year to INR 54.04 billion during the quarter. Interest income declined 17.7% on year and 24% on quarter to INR 14.97 billion for Apr-Jun, weighing on the net profit.
The company's total revenue from operations rose 2.2% on year to INR 69.15 billion in the quarter ended June. The company also reported other operating income of INR 143 million during the quarter.
Total expenditure declined marginally to INR 51.73 billion from INR 51.89 billion a year ago. The biggest expenditure for the company, finance costs, fell marginally to INR 51.24 billion from INR 51.55 billion a year ago. Total expenditure and finance costs increased 2.6?ch from the March quarter.
Tuesday, shares of the company closed 2.7% lower at INR 130.77 on the National Stock Exchange. The company released its quarterly results after market hours. End
Edited by Saji George Titus
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