
IRFC Q4 net profit rises 126% to ₹1,482.5 crore
Live MintIndian Railway Finance Corporation on Tuesday reported a Q4 standalone net profit at ₹1,482.5 crore as compared to ₹654.6 crore in the same quarter last year. The company's total expenses for the fourth quarter stood at ₹2,972.4 crore as compared to ₹2,551 crore in the corresponding quarter of the previous fiscal. ''The Company has evaluated the impact of this pandemic on its business operations and based on its review and current indicators of future economic conditions, there is no significant impact on its financial results. However, the impact assessment of COVID-19 is a continuing process given the uncertainties associated with its nature and duration and accordingly the impact may be different from that estimated as at the date of approval of these financial results,'' it said in the exchange filing.
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