IRFC Reports 1.6% PAT Growth in Q1

13 Aug 2024 CW Team

Indian Railway Finance Corporation (IRFC) has reported a 1.6% increase in profit after tax (PAT) for the first quarter of the fiscal year, reaching ?1,577 crore. The company's revenue also saw a modest uptick of 1.4%.

Key Details:

PAT Increase: IRFC's PAT for Q1 has risen by 1.6% year-on-year, demonstrating a stable financial performance despite broader economic conditions.

Revenue Growth: The company's revenue increased by 1.4%, reflecting a slight improvement in financial performance and operational efficiency.

Financial Performance: The growth in PAT indicates a positive trend in profitability, while the revenue uptick suggests improved revenue generation.

Operational Efficiency: The stable financial results underscore IRFC's effective management and strategic financial planning.

Outlook: The positive PAT growth and revenue increase are promising signs for IRFC's ongoing financial health and future performance.

Overall, IRFC's Q1 results highlight a modest yet steady growth trajectory, reflecting the company's resilience and effective financial management.

Infrastructure Energy

15 May 2025

Odisha Plans $14 Billion Petchem Hub, Indian Oil to Invest

The eastern Indian state of Odisha expects investments of Rs 1.2 trillion ($14.1 Bn) over the next ten years to establish a petrochemical hub near the Bay of Bengal. Indian Oil Corporation Limited, the country鈥檚 largest refiner by capacity, will contribute half the amount to set up a naphtha cracker facility.The new complex in Paradip will include a dual-feed cracker and downstream units to produce phenol and polyethylene. Indian Oil, which already runs a refinery with a three hundred thousand barrels-per-day capacity in the region, has committed Rs 610 Bn to the project.The state government..

Infrastructure Urban

15 May 2025

Ant Group to Sell 4 Per Cent Stake in Paytm

China鈥檚 Ant Group, through its affiliate Antfin Netherlands Holding BV, is set to sell 26 Mn shares in One 97 Communications, the parent company of Paytm. This represents approximately four per cent equity. The floor price for each share is fixed at Rs 809.75, a 6.5 per cent discount to Monday鈥檚 closing rate. Based on this price, the stake sale may raise Rs 20.65 Bn.Antfin has gradually reduced its holding in the Indian financial technology firm. As of March 2025, it held 9.85 per cent equity. In August 2023, it had divested a 3.6 per cent stake for Rs 20.37 Bn. Citigroup and Goldman Sachs..

Infrastructure Urban

15 May 2025

Dixon to Manufacture Alcatel Smartphones in India

Padget Electronics, a wholly owned subsidiary of Dixon Technologies, has signed a contract manufacturing agreement with NxtCell India to produce smartphones for the Alcatel brand under the 鈥楳ake in India鈥� initiative. Dixon Technologies is India鈥檚 largest home-grown, design-focused electronics manufacturer, catering to consumer durables, lighting and mobile phones. The company has actively expanded its partnerships in recent months. On 30 April 2025, Dixon announced a joint venture with Taiwanese hardware firm Inventec to create Dixon IT Devices Private Limited, with a sixty to forty owne..