IRFC Reports Steady Financial Results for Q1 2024, Positive Trends in Key Areas
Indian Railway Finance Corporation (IRFC), a largecap finance company in the non-banking financial sector, recently declared its financial results for the quarter ending March 2024. The stock call for IRFC by MarketsMOJO is 'Hold'.The company's financial performance for the quarter has remained flat, with a score of 4 out of 5, showing improvement from the previous quarter's score of 3. However, there has been a positive trend in the company's operating cash flow, which has been the highest at Rs 7,914.10 crore annually and has grown consistently over the last three years. This indicates that IRFC has been able to generate higher cash revenues from its business operations.
In terms of operating profit (PBDIT), IRFC has shown a positive trend in the near term, with the highest quarterly figure of Rs 6,732.94 crore in the last five quarters. This is a positive sign for the company's financial health.
Overall, IRFC's financial results for the quarter ending March 2024 have been steady, with a positive trend in key areas such as operating cash flow and operating profit. Investors are advised to hold their positions in the stock, as per the recommendation by MarketsMOJO.
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