IRFC Q4 net profit rises 126% to ₹1,482.5 crore

Shares of IRFC surged after the earnings announcement as it was up nearly 5% to ₹25.95 per share on the BSE on Tuesday.

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 said that it has adopted measures to curb the spread of covid infection in order to protect the health of its employees and ensure business continuity with minimal disruption.

''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.