Indian Railway Finance Corporation (IRFC), is one of the top companies that will announce results for the fourth quarter of the financial year 2023-24 (Q3 FY24) today, May 20. The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain shut on Monday, May 20 because of the fifth phase of Lok Sabha elections 2024.
The Indian Railway Finance Corporation will declare the fourth quarter result of FY 24 today. The Indian Railway PSU had reported increase in its net profit to ₹1729 crore in Q4 FY24. Also reported Final Dividend of 0.70 per share. as per other data 1.32 eps vs 1.02 profit increased to 1729 crore.
IRFC Q4 Result Official Data
Audited financial results for the quarter and year ended 31st March 2024
IRFC Dividend 2024
Multibagger railway PSU stock announces cash reward for shareholders @0.7 Per Share. IRFC Dividend Announcement 2024, IRFC announces final dividend for FY 24. The board also approved the fund raising plan of Rs 50k crore for FY 2024-2025. Check out IRFC dividend history, IRFC share price, IRFC Q4 FY2024 results highlights.
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in the board meeting on May 20 2024, IRFC announced the final dividend of Rs 0.70 per equity share for the financial year 2023-24.
IRFC Q4 FY2024 results highlights
- IRFC’s profit after tax for Q4 FY 2024 is at Rs 1,717 crore, versus Rs 1,285 crore in Q4 FY23.
- IRFC’s revenue grew at Rs 6,473 crore, against Rs 6,194 crore.
- IRFC stock jumped 2.61% during the special market session, May 20, against the previous day close at Rs 168.80 apiece.
- The market cap of IRFC stands at Rs 2.26 lakh crore. The stock has a face value of Rs 10 each.
- The stock’s 52-week movement indicates a high of Rs 192.80 apiece and a low of Rs 31.21 apiece.
- IRFC stock has appreciated 125.26 in the past six months.
- IRFC earlier announced an interim dividend of Rs 0.80 per equity in November 2023.
- In the previous fiscal year 2023, IRFC announced an interim dividend of Rs 0.80 and final dividend of 0.63 per equity.
Analysis
Debt to equity is down from 9.38 to 8.38, if the company doesn’t pay dividends or less dividend it is completely okay once equity debt comes down significantly we see new highs in stocks and price appreciation will be much higher than dividend. Still, it is trading at a very cheap valuation