Shares of Indian Railway Finance Corporation (IRFC) gained momentum on Monday as investors awaited the outcome of the company’s board meeting, scheduled for March 17, 2025. The meeting will consider the declaration of the second interim dividend for the financial year 2024-25, according to an exchange filing by the railway PSU.
IRFC Board Meeting on Dividend Declaration
IRFC, a Navratna PSU, informed investors that its board of directors will meet on March 17, 2025, to decide on the second interim dividend for its shareholders.
“This is to inform that a meeting of the Board of Directors of the company is scheduled to be held on Monday, March 17, 2025, to consider the declaration of the second interim dividend to the shareholders for the financial year 2024-25,” IRFC stated in its regulatory filing on March 10, 2025.
The company also announced the record date for the dividend, ensuring only eligible shareholders receive the payout.
IRFC Dividend Date 2025
The record date for determining shareholder eligibility for the second interim dividend has been fixed as Friday, March 21, 2025. This means that investors holding IRFC shares by the end of March 21 will be entitled to receive the dividend once approved by the board.
IRFC Share Price Performance
Ahead of the board meeting, IRFC shares saw a rise of nearly 1.7%, touching Rs 119.70 on Monday. The stock opened at Rs 118 against the previous close of Rs 117.70 on the BSE. It climbed to an intraday high of Rs 119.70, reflecting investor optimism regarding the dividend announcement.
Key Stock Market Data for IRFC
- Current Price: Rs 118.50 (last traded)
- Day’s High: Rs 119.70
- 52-Week High: Rs 229.05
- 52-Week Low: Rs 108.05
- Market Capitalization: Rs 1,54,600 crore
The stock has corrected nearly 48% from its 52-week high of Rs 229.05, recorded in July 2024.
IRFC Dividend History
IRFC has a strong history of rewarding shareholders with regular dividends. The company has declared dividends twice a year since its listing in 2021.
- FY 2024-25: First Interim Dividend: Rs 0.70 per share, Second Interim Dividend: (To be announced)
- FY 2023-24: Rs 1.50 per share (total)
- FY 2022-23: Rs 1.50 per share
- FY 2021-22: Rs 1.43 per share
- FY 2020-21: Rs 1.82 per share
The dividend yield of IRFC currently stands at 1.26%.
Also Read:
- NMDC Announces Interim Dividend of ₹2.30 Per Share for FY25
- BEL Dividend 2025: Bharat Electronics Declares Interim Dividend of Rs 1.50 Per Share
Financial Performance of IRFC
IRFC has maintained stable financial growth over the years. The company reported a net profit of Rs 1,630.66 crore in Q3 FY25, marking a 2% year-over-year (YoY) growth. Revenue from operations stood at Rs 6,763.43 crore, reflecting a 0.4% YoY increase.
The Government of India remains the majority shareholder, holding an 86.36% stake in the PSU.
About IRFC
Established in 1986, IRFC is a public sector undertaking (PSU) that finances rolling stock assets and railway infrastructure projects for the Indian Railways. The company was listed on the stock exchanges in January 2021, raising Rs 4,633.38 crore through an IPO at Rs 26 per share. Since its listing, IRFC shares have gained nearly 360%.
Recently, IRFC was granted Navratna status by the Indian government, solidifying its position as one of the top government-owned NBFCs in India.
Conclusion
IRFC investors are keenly watching the board meeting on March 17, 2025, for the announcement of the second interim dividend. With the record date set for March 21, 2025, eligible shareholders can expect a dividend payout soon. The company’s consistent dividend history and strong market presence make it a key player in the PSU segment.
For investors, IRFC remains a stock to watch, especially with its stable financials and government backing in the railway financing sector.
Disclaimer: This post is just for your information and shouldn’t be taken as investment. Before deciding what investments to make, investors should talk to financial experts.
