INDIAN RAILWAY FINANCE CORPORATION LIMITED

Indian Railway Finance Corporation Limited

IRFC

INE053F01010

Corporate Financial Services

Market Closed - NSE India S.E. Other stock markets 07:43:52 2024-05-13 EDT			5-day change	1st Jan Change
145.9 ^INR	-1.45%		-7.07%	+46.85%

04-15	Indian Railway Finance Corporation Limited Announces Relinquishment of Bhaskar Choradia as Part-Time Government Director on the Board	CI
03-26	Indian Railway Finance Corporation Limited Announces Executive Changes	CI

Indian Railway Finance Corporation Limited Announces Swachhand as Deputy General Manager & Chief Risk Officer

March 19, 2024 at 08:52 am

Indian Railway Finance Corporation Limited announced that Shri. Swachhand, Deputy General Manager (Finance) & Chief Risk Officer (CRO) of the Company/IRFC has tendered his resignation from the services of the Company.

Latest news about Indian Railway Finance Corporation Limited

Indian Railway Finance Corporation Limited Announces Relinquishment of Bhaskar Choradia as Part-Time Government Director on the Board	04-15	CI
Indian Railway Finance Corporation Limited Announces Executive Changes	03-26	CI
Indian Railway Finance Corporation Limited Announces Managing Director Changes	03-26	CI
Indian Railway Finance's Chief Risk Officer Resigns	03-19	MT
Indian Railway Finance Corporation Limited Announces Swachhand as Deputy General Manager & Chief Risk Officer	03-19	CI
Indian Railway Finance Corporation Limited Appoints Sanjay Jain as Chief Compliance Officer	02-09	CI
Indian Railway Finance Corporation Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	02-09	CI
2,613,701,200 Equity Shares of Indian Railway Finance Corporation Limited are subject to a Lock-Up Agreement Ending on 25-JAN-2024.	01-24	CI
Indian Railway Finance Corporation Limited Appoints Pranav Kumar Mallick as Part-Time Chief Virilance Officer	11-17	CI
Indian Railway Finance's Net Profit Slides in Fiscal Q2	11-03	MT
Indian Railway Finance Corporation Limited Declares Interim Dividend	11-02	CI
Indian Railway Finance Corporation Limited Appoints Jaya Varma Sinha as CEO	23-09-07	CI
Indian Railway Finance Corporation Limited Appoints Jaya Varma Sinha as Chairman	23-09-07	CI
Indian Government Plans to Sell Part of Stake in Indian Railway Finance	23-08-17	MT
Indian government plans stake sale in Indian Railways' funding arm - sources	23-08-16	RE
Indian Railway Finance Corporation Limited Reports Earnings Results for the First Quarter Ended June 30, 2023	23-08-11	CI
RITES Signs MoU for Collaboration with Indian Railway Finance	23-07-27	MT
Indian Railway Finance's Consolidated Profit Slips in Fiscal Q4	23-05-26	MT
Indian Railway Finance Corporation Gets Board Nod to Raise Up To INR500 Billion in FY24	23-05-25	MT
Indian Railway Finance Appoints CFO	23-05-25	MT
Indian Railway Finance Corporation Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023	23-05-25	CI
Indian Railway Finance Corporation Limited Announces Appointment of Shri. Sunil Kumar Goel, as Chief Financial Officer	23-05-25	CI
Indian Railway Finance Corporation Limited Recommends a Final Dividend for the Financial Year 2022-23	23-05-25	CI
Indian Railway Finance Corporation Limited Approves to Changes Registered Office Address	23-05-25	CI
Indian Railway Finance Corporation Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022	23-02-13	CI

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Company Profile

Indian Railway Finance Corporation Limited is an India-based financing arm of the Indian railways. The Company operates through the Leasing and Finance segment. The Companyâs principal business is to borrow funds from the financial markets to finance the acquisition / creation of assets, which are then leased out to the Indian Railways as finance lease. The Companyâs main business is to finance the acquisition of rolling stock assets, leasing of railway infrastructure assets, and lending to other entities under the Ministry of Railways (MoR). It uses a leasing approach to fund Indian Railways' Rolling stock and project assets. It lends funds to MoR and other Railway Entities in order to fuel their growth plan. It also provides loans to Rail Vikas Nigam Limited (RVNL) and IRCON. It raises funds from various sources, including term loans and bonds from domestic and international market.

Sector

Corporate Financial Services

Calendar

2024-06-24 - Q4 2024 Earnings Release (Projected)

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Income Statement Evolution

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

145.9 INR

Average target price

32 INR

Spread / Average Target

-78.07%

Consensus

Sector Commercial Leasing

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