Shares of Indian Railway Finance Company (IRFC) will likely be in focus right this moment, March 11, 2025, after the corporate introduced that its Board of Administrators is scheduled to fulfill on March 17, 2025, to think about the declaration of a second Interim Dividend for the monetary yr 2024-25. Traders are carefully watching this improvement as the corporate has constantly rewarded shareholders with dividends.
The file date to find out shareholders eligible for the dividend payout has been set as March 21, 2025, topic to board approval. Earlier, the Navratna railway PSU had declared an interim dividend of ₹0.80 per share.
Shareholders receiving the dividend ought to word that dividend earnings is taxable, and the corporate will deduct tax at supply (TDS) as per the prescribed charges underneath the Revenue Tax Act, 1961.
IRFC’s Rising Monetary Energy and Navratna Standing
Just lately, IRFC was granted Navratna standing by the Authorities of India, a recognition of its sturdy monetary efficiency. As per the alternate submitting, IRFC has achieved a income exceeding ₹26,600 crore and a revenue after tax surpassing ₹6,400 crore as of March 31, 2024. This positions IRFC because the third-largest authorities non-banking monetary firm (NBFC) in India. By December 31, 2024, IRFC’s market capitalisation stood at over ₹2,00,000 crore, with belongings underneath administration (AUM) totaling ₹4.61 lakh crore, a internet price of roughly ₹52,000 crore, and a complete stability sheet exceeding ₹4.81 lakh crore.
In March 2018, it acquired Mini-Ratna Class-I standing. The corporate was listed on the inventory exchanges in January 2021 with an IPO value of ₹26, which has now elevated to roughly ₹140, in line with an alternate submitting by the corporate.
IRFC CMD and CEO Manoj Kumar Dubey commented on this achievement, stating, “Receiving Navratna standing is a mirrored image of IRFC’s monetary energy and its dedication to supporting India’s railway infrastructure. This recognition additional motivates us to broaden our capabilities and contribute extra meaningfully to the nation’s progress.”
Inventory Value Efficiency
IRFC’s inventory has witnessed notable volatility previously yr. Whereas it has misplaced 17 % over the past 12 months, it has proven indicators of restoration in March 2025, gaining 6.5 % thus far. This follows a pointy 25.5 % decline in February and a modest 1 % rise in January.
The inventory closed at ₹119.80, down 48 % from its 52-week excessive of ₹229.05 recorded in July 2024. Nevertheless, it has rebounded 11 % from its 52-week low of ₹108.05, reached earlier this month.
With the Board assembly scheduled for March 17, investor sentiment towards IRFC is prone to stay sturdy, particularly amid its latest Navratna standing improve and bettering monetary efficiency. Traders will carefully watch the end result of the dividend determination, together with any potential impression on the inventory’s motion within the coming weeks.
Disclaimer: The views and proposals made above are these of particular person analysts or broking firms, and never of Mint. We advise buyers to test with licensed consultants earlier than taking any funding choices.
