The company has also set March 21, 2025, as the record date to determine shareholders eligible for the dividend, subject to the board’s approval.
For the third quarter, IRFC’s revenue stood at ₹6,763 crore, which is nearly the same level as compared to the ₹6,737 crore topline it had reported during the same quarter last year. Net profit for the period increased by 2% from last year to ₹1,630 crore.
Also Read: PSU Stock Update: Meet the two new ‘Navratna’ companies of India
IRFC, the railway financier, also falls into the list of those stocks in which the government could potentially sell a stake to comply with the Minimum Public Shareholding (MPS) norms.
The government continues to remain the largest shareholder in IRFC, with its stake remaining at 86.36%. IRFC is one of the many PSUs where government shareholding continues to remain above 75%, which is the norm for promoters to comply with to achieve minimum public shareholding.
On Thursday (March 13), shares of Indian Railway Finance Corp Ltd ended at ₹117.70, down by ₹1.45, or 1.22%, on the BSE.
Also Read: IRFC shares are down over 50% from their peak; check latest price targets
