Tuesday, October 4, 2022

IRFC net profit nears Rs 6,100 crore mark in FY22: CMD

Addressing the 35th AGM of IRFC, the CMD Amitabh Banerjee said that the year under review has been the best year ever for the corporation

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New Delhi: Indian Railway Finance Corporation Limited (IRFC) conducted its 35th Annual General Meeting (AGM) on Friday. Chairman and Managing Director of IRFC, Amitabh Banerjee chaired the meeting.

While addressing the AGM, Amitabh Banerjee said: “IRFC reported a strong financial performance during the year under review, with all-time high revenue and profits. The net profit of IRFC for FY22 stood at Rs 6,089.84 crore, an increase of 37.89% against Rs 4416.13 crore in the last fiscal.” The company has declared a total dividend of Rs 1,829.59 crore which works out to 30.04% of PAT for FY 2021-22, he added.

Banerjee further informed that the total revenue from operations amounted to Rs 20,298.27 crore against Rs 15,770.22 crores in the last fiscal year. He informed that IRFC disbursed an amount of Rs 60,683.41 crore in FY22 to the Indian Railways. The AUM for FY22 stands at Rs 4,29,851 crore, registering a year-on-year growth of 16.03%.

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