Indian Railway Finance Corporation (IRFC) has reported results for second quarter ended September 30, 2023 (Q2FY24).
The company has reported 9.59% fall in its net profit at Rs 1,549.87 crore for the quarter under review as compared to Rs 1,714.28 crore for the same quarter in the previous year. However, total income of the company increased by 16.47% at Rs 6,767.48 crore for Q2FY24 as compared Rs 5,810.39 crore for the corresponding quarter previous year.
IRFC was incorporated as the dedicated market borrowing arm for the Indian Railways and has played a strategic role in financing the latter's operations.
