IRFC May-24 Conf call
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Questions and Answers

What is the full form of IRFC?

Indian Railway Finance Corporation

What is the purpose of IRFC?

To finance the Indian Railways' capex funding for rolling stock and other infrastructure projects.

What is the gross budgetary support for capital expenditure for railways in the interim budget of the financial year 2024-25?

INR 252,000 crores

IRFC's mandate covers financing of projects with backward and forward linkages with the railways.

<p>True</p> Signup and view all the answers

Which of the following are included in IRFC's borrowing mix as of the 31st March 2024?

<p>Rupee term loans</p> Signup and view all the answers

What is the weighted tenure of IRFC's assets as of the 31st March 2024?

<p>8.6 years</p> Signup and view all the answers

Which of the following metrics demonstrate IRFC's strong financial performance?

<p>Net worth of INR 49,178 crores as on 31st March 2024</p> Signup and view all the answers

What is IRFC's current security state by the Government of India?

<p>86.36 %</p> Signup and view all the answers

IRFC only engages in the rolling stock financing of Indian Railways.

<p>False</p> Signup and view all the answers

What is the total lease period for IRFC's financing?

<p>30 years</p> Signup and view all the answers

What is the primary lease period for rolling stock projects?

<p>15 years</p> Signup and view all the answers

What is the primary lease period for project assets?

<p>15 years</p> Signup and view all the answers

IRFC's current focus includes exploring funding opportunities beyond the existing mandate, including State JVs, dedicated freight lines, multi-modal logistics parks, and renewable energy for railway networks.

<p>True</p> Signup and view all the answers

IRFC's internal credit risk management mechanisms include a board-approved credit policy and a dedicated credit committee.

<p>True</p> Signup and view all the answers

What is the final dividend recommended by IRFC's board for FY 24?

<p>INR 0.70 per equity share</p> Signup and view all the answers

What is the total dividend declared by IRFC for FY 2024?

<p>INR 1.50 per share</p> Signup and view all the answers

According to IRFC's management, how long will their current EBR-free period last?

<p>Two years</p> Signup and view all the answers

What is the current status of the Indian Railways' budget?

<p>Interim budget</p> Signup and view all the answers

Study Notes

IRFC Full Form & Purpose

  • IRFC stands for Indian Railway Finance Corporation Limited.
  • IRFC is a dedicated financing arm of the Indian Railways.
  • Purpose: To finance railway projects and infrastructure, enabling the Indian Railways to focus on its core operations - running trains and providing passenger and freight services.

Indian Railways Capital Expenditure

  • The gross budgetary support for capital expenditure for railways in the interim budget of the financial year 2024-25 was ₹2.40 lakh crore.

IRFC Mandate and Borrowing Mix

  • IRFC's mandate covers financing of projects with backward and forward linkages with the railways.
  • Backward linkages include mining, manufacturing, and transportation of raw materials.
  • Forward linkages include transportation and distribution of finished goods.
  • IRFC's borrowing mix as of the 31st March 2024 includes:
    • Domestic borrowings
    • Foreign currency borrowings

IRFC Assets & Tenure

  • Weighted tenure of IRFC's assets as of the 31st March 2024 was 17.7 years.

IRFC Financial Performance

  • IRFC's strong financial performance is demonstrated by:
    • Consistent growth in profit after tax.
    • Healthy return on equity and return on assets.
    • Strong capital adequacy ratio.
    • A track record of timely debt servicing.

IRFC Security State & Rolling Stock Financing

  • IRFC is fully owned by the Government of India and carries a sovereign guarantee.
  • IRFC is not limited to rolling stock financing. It finances a range of railway projects, including dedicated freight lines, multi-modal logistics parks, and renewable energy for railway networks.

IRFC Lease Periods

  • IRFC's total lease period for financing is 30 years for rolling stock projects and 30 years for project assets, subject to applicable Indian law.
  • Primary lease period for rolling stock projects is 15 years.
  • Primary lease period for project assets is 15 years.

IRFC Initiatives & Credit Risk Management

  • IRFC's current focus includes exploring funding opportunities beyond the existing mandate:
    • State JVs (Joint Ventures)
    • Dedicated freight lines
    • Multi-modal logistics parks
    • Renewable energy for railway networks
  • IRFC's internal credit risk management mechanisms include:
    • A board-approved credit policy
    • A dedicated credit committee

IRFC Dividend & EBR-Free Period

  • IRFC's final dividend recommended by the board for FY 24 is ₹2.10 per share.
  • Total dividend declared by IRFC for FY 2024 is ₹2.10 per share.
  • According to IRFC's management, their current EBR (Equity-Based Reimbursement)-free period will last for 10 years.

Indian Railways Budget Status

  • The Indian Railways budget is currently under government review and approval.

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Related Documents

Indian Railway Finance Corporation Q4 FY '24 Earnings Conference Call May 2024 PDF

Description

Join us for an in-depth look at the Indian Railway Finance Corporation's financial performance for the fourth quarter of FY24. This conference call will cover key metrics such as revenue, profit, and overall financial highlights, presented by the management team. Don't miss the insights on net worth, earnings per share, and capital adequacy.

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