IRFC’s Slide: Weak Results Trigger 9% Drop!
The Indian Railway Finance Corporation (IRFC), a notable multibagger railway PSU stock, announced its results for the December quarter, revealing a slight dip in net profit by 1.8% year-on-year to ₹1604 crores.
Despite this decline, the company’s revenue witnessed a robust increase of 8.4%, amounting to ₹6742 crores. The market might have anticipated weaker results, which led to the share price falling by 5% to close at ₹153 (IRFC Share Price), despite the stock delivering a 210% return in just six months.
IRFC Q3 Performance Insights
According to the information available on the BSE website, IRFC’s revenue for the December quarter stood at ₹6741.8 crores, a slight decrease from ₹6766.3 crores in the September quarter.
The net profit was ₹1604.02 crores, compared to ₹1633.4 crores a year ago and ₹1549.8 crores in the September quarter. The Earnings Per Share (EPS), on a diluted basis, was ₹1.23, slightly down from ₹1.25 a year ago and up from ₹1.20 in the September quarter.
Operating Profit Margin Decline
The operating profit margin decreased to 23.74%, from 26.20% a year ago and 22.89% in the September quarter.
The net profit margin was 23.78%, showing a slight improvement from 22.90% in the previous quarter but a decrease from 26.25% a year earlier. The debt-to-equity ratio improved to 8.54 times, down from 9.13 times a year ago.
IRFC Share Price History
IRFC shares have been under pressure recently, ending the week 9% lower at ₹153. This railway PSU stock is a recognized multibagger, having offered returns of 53% in a month, 105% in three months, 55% year-to-date, 210% in six months, and an astonishing 410% over the past year.
Despite the mixed results in the December quarter, IRFC’s performance over time highlights its potential as a significant player in the railway finance sector.
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