'Indian Railway Finance Corporation conducted conference call
on 21 January 2025 to discuss the financial results for the quarter ended December
2024. Manoj Kumar Dubey, CMD of the company addressed the call
Highlights:
The company has recorded 2% growth in the net profit to Rs
1631 crore in Q3FY2025 and 3% rise to Rs 4820 crore in 9MFY2025.
The AUM of the company has increased to Rs 4.61 lakh crore
end December 2024.
The asset quality of the company is robust with nil NPAs.
The capital adequacy ratio is strong at 700% end December
2024.
The company is focused on diversifying its operations beyond
Railways. The company is going to finance the Banhardih coal block development
project in Jharkhand for Rs 3167 crore. The company has also approved financing
of 20 BOBR rakes to NTPC for Rs 700 crore and agreement is signed for 8 rakes
in the initial phase for Rs 250 crore.
The company is focused on...
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