IRFC net profit nears `6,100 crore mark

New Delhi: The 35th Annual General Meeting of the Indian Railway Finance Corporation Limited (IRFC) was held under the chairmanship of its Chairman and Managing Director Amitabh Banerjee.

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."

Banerjee further informed that the total revenue from operations grew by 28.71%, year-on-year, amounting to Rs 20,298.27 crore against Rs 15,770.22 crore in the last fiscal year. 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.

While addressing the shareholders during the virtual AGM, Banerjee 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%.