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IRFC income surges 126% to record Rs 1,482.5 cr in Q4
The New Delhi-based dedicated market borrowing arm of the Railways attributed the massive growth in the bottom line to the traditionally busy season effect Of the close to Rs 1.05 lakh of annual disbursement, which was a record for us, as much as Rs 64,000 crore was disbursed in the reporting quarter, boosting our net income PTI
Updated Jul 01, 2021, 8:23 AM IST
Indian Railway Finance Corporation (IRFC) has reported a 126 per cent jump in net income to record Rs 1,482.55 crore in the March quarter, mainly due to higher interest income from record disbursals and cheaper funds.