This railway stock is going to give a great dividend!
Shares of indian Railway Finance Corporation (IRFC) are in the news this week. The company has fixed the date of the board meeting on march 17, 2025, where a decision will be taken on the second interim dividend for the financial year 2024-25. The record date for the dividend has been kept as march 21, 2025, that is, investors who buy IRFC shares by march 20, 2025 will be entitled to the dividend. Let's know what is the status of the shares and what is going to be their future.
Status of IRFC share price
IRFC's share price has fallen more than 20 percent this year (YTD). This decline is due to the fall in the stock market after donald trump became the US President. IRFC's share price is running 49 percent below its 52-week high.
What are the future prospects?
IRFC is now moving beyond indian Railways and investing in sectors like power generation, mining, coal, warehousing, telecom and hospitality. The company has financed 20 BOBR rakes for NTPC, worth Rs 700 crore. Apart from this, IRFC has placed the lowest bid in financing a loan of Rs 3,190 crore for NTPC subsidiary PVUNL. At the same time, NTPC Renewable Energy Limited (NTPC REL) has also chosen IRFC for a term loan (RTL) of Rs 7,500 crore.
Let us tell you, IRFC is India's third largest government NBFC. Its revenue is Rs 26,600 crore and profit is more than Rs 6,400 crore. IRFC has financed 80 percent of the rolling stock of indian Railways. Its market cap is more than Rs 2,00,000 crore and AUM is Rs 4.61 lakh crore.
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