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Results - Analysis
AUM declines 1%
Indian Railway Finance Corporation
28-Apr-2025, 08:21
The income from operation of Indian Railway Finance Corporation increased 3.87% to Rs 6723.9 crore in Q4FY2025. Overall OPM eased to 99.33% in Q4FY2025 from 99.49% in Q4FY2024, leading to 3.70% rise in operating profit to Rs 6678.96 crore. Other expenditure as a percentage of total income moved up to 0.55% from 0.46% in Q4FY2025. The staff cost as a percentage of total income increased to 0.06% from 0.04% in Q4FY2025. The provisions as percentage of total income increased to 0.05% from 0.01% in Q4FY2025. Other income declined 80.81% to Rs 0.57 crore. Interest cost increased 5.75% to Rs 4996.37 crore. Depreciation moved down 25.43% to Rs 1.29 crore. After which, PBT moved down 2.06% to Rs 1,681.87 crore. Profit after tax fell 2.06% to Rs 1,681.87 crore.
The income from operation of Indian Railway Finance Corporation increased 3.87% to Rs 6723.9 crore in Q4FY2025. Overall OPM eased to 99.33% in Q4FY2025 from 99.49% in Q4FY2024, leading to 3.70% rise in operating profit to Rs 6678.96 crore. Other expenditure as a percentage of total income moved up to 0.55% from 0.46% in Q4FY2025. The staff cost as a percentage of total income increased to 0.06% from 0.04% in Q4FY2025. The provisions as percentage of total income increased to 0.05% from 0.01% in Q4FY2025. Other income declined 80.81% to Rs 0.57 crore. Interest cost increased 5.75% to Rs 4996.37 crore. Depreciation moved down 25.43% to Rs 1.29 crore. After which, PBT moved down 2.06% to Rs 1,681.87 crore. Profit after tax fell 2.06% to Rs 1,681.87 crore.
Book value of the company stood at Rs 40.3 per share end March 2025.
The Assets Under Management (AUM), stands at Rs 460047.84 crore end March 2025 down 1% from Rs 464641 crore at end March 2024. Manoj Kumar Dubey, Chairman & Managing Director, IRFC, stated that: IRFC is strategically diversifying its lending portfolio, positioning itself as a key lender in the infrastructure and logistics ecosystem having railways at its center. IRFC expanded financing beyond the Ministry of Railways, funding projects with railway linkages. In first four months of calendar year 2025, IRFC mopped up the business to the tune of Rs 14,000 crores. it includes a Rs 700 crore finance lease for NTPC's BOBR rakes, a Rs 5,000 crore term loan sanction to NTPC Renewable Energy Limited, and emerging as the L1 bidder for a Rs 3,167 crore loan for PVUNL's Banhardih Coal Block. IRFC also secured a Rs 5,000 crore loan bid for NTPC's capital expenditure and also signed MoUs with REMCL for renewable energy projects and MMRDA for Rs 50,000 crore in infrastructure development, enhancing transport and reducing urban congestion. 'We are actively working towards garnering cheaper source of funding through various sources including zero coupon bonds, capturing more of capital gain tax exemption bonds (i.e., 54EC bonds), leveraging cheaper domestic bond market, mix of ECB, etc., and by deploying these resources at the most competitive rates, to position ourselves as cheapest lenders for long gestation projects of national interest having whole of government approach.'Financial performance FY2025
The income from operation of Indian Railway Finance Corporation increased 1.90% to Rs 27152.62 crore in Q4FY2025. Overall OPM eased to 99.43% in Q4FY2025 from 99.52% in Q4FY2024, leading to 1.82% rise in operating profit to Rs 26,998.85 crore. Other expenditure as a percentage of total income moved up to 0.51% from 0.46% in Q4FY2025. The staff cost as a percentage of total income increased to 0.05% from 0.04% in Q4FY2025. Other income declined 45.47% to Rs 3.55 crore. There is 1.96% rise in interest cost at Rs 20495.09 crore and 43.75% decline in depreciation to Rs 5.31 crore, Profit before tax increased 1.40% to Rs 6,502.00 crore. There is no extraordinary item. After which, PBT increased 1.40% to Rs 6,502.00 crore. Profit after tax rose 1.40% to Rs 6,502.00 crore. '| Indian Railway Finance Corporation: Results | |||||||
| ' | 2503 (3) | 2403 (3) | Var % | 2503 (12) | 2403 (12) | Var % | ' |
| Income from Operations | 6723.90 | 6473.56 | 4 | 27152.62 | 26645.36 | 2 | ' |
| OPM (%) | 99.33 | 99.49 | -16 bps | 99.43 | 99.52 | -8 bps | ' |
| OP | 6678.96 | 6440.80 | 4 | 26998.85 | 26516.51 | 2 | ' |
| Other Inc. | 0.57 | 2.97 | -81 | 3.55 | 6.51 | -45 | ' |
| PBDIT | 6679.53 | 6443.77 | 4 | 27002.40 | 26523.02 | 2 | ' |
| Interest | 4996.37 | 4724.72 | 6 | 20495.09 | 20101.47 | 2 | ' |
| PBDT | 1683.16 | 1719.05 | -2 | 6507.31 | 6421.55 | 1 | ' |
| Depreciation | 1.29 | 1.73 | -25 | 5.31 | 9.44 | -44 | ' |
| PBT before EO | 1681.87 | 1717.32 | -2 | 6502.00 | 6412.11 | 1 | ' |
| EO | 0.00 | 0.00 | - | 0.00 | 0.00 | - | ' |
| PBT after EO | 1681.87 | 1717.32 | -2 | 6502.00 | 6412.11 | 1 | ' |
| Tax Expenses | 0.00 | 0.00 | - | 0.00 | 0.00 | - | ' |
| PAT | 1681.87 | 1717.32 | -2 | 6502.00 | 6412.11 | 1 | ' |
| EPS*(Rs) | 5.2 | 5.3 | -2 | 5.0 | 4.9 | 1 | ' |
| Adj BV (Rs) | 40.3 | 37.6 | ' | 40.3 | 37.6 | ' | ' |
| *EPS annualised on current equity capital of Rs 13068.506 crore of face value of Rs 10 each Figures in Rs crore Source: Capitaline Corporate Databases | |||||||
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