Indian Railway Finance Corp. Ltd. · NSE:IRFC
Indian Railway Finance — H1 FY2024 Earnings Presentation
16 slides from Indian Railway Finance's earnings presentation, Nov 7, 2023
Slide 1: Performance Highlights for Half year ended 30th September 2023
Indian Railway Finance Corporation Limited Performance Highlights for Half year ended 30th September 2023 07th Nov, 2023 PRIVATE & CONFIDENTIAL 1
Slide 2: Snapshot of the Company
Snapshot of the Company Company Overview AUM Break-Up (HY1 FY 24) ◼ IRFC is registered with RBI as a systemically important NBFC- Minimal credit risk : 98.94% of AUM is exposure to MoR ND-IFC, Majorly owned by the GoI acting through Ministry of Loan to RVNL Railways (MoR) 1.06% ◼ It is the dedicated
Slide 3: Key Strengths
Key Strengths AUM/CAGR (FY19-HY1FY24) Strategic role in growth of ◼ Dedicated market borrowing arm for the Indian Railways (IR) 1 Indian Railways 23.90% ◼ AUM as on 30th September 2023 stands at INR 4,66,171.88 crore GNPA (HY1 FY 24) ◼ Strategic relationship with the MoR enables us to maintain a low
Slide 4: Strategic role in financing growth of Indian Railways
Strategic role in financing growth of Indian Railways Assets Under Management (Figures in INR crore) AUM Break-Up (HY1 FY 24) 466938.42 466171.88 429824.40 439069.57 Minimal credit risk : 98.94% of AUM is exposure to MoR 368007.20 Loan to RVNL 1.06% 270505.73 Advance 203047.66 against Lease 155499.6
Slide 5: Low risk, cost-plus business model
Low risk, cost-plus business model Spreads Charged by IRFC Rolling Stock Project Assets 0.40 0.40 0.40 0.40 0.40 0.35 0.35 0.35 0.35 0.35 FY 19 FY 20 FY 21 FY 22 FY 23 IRFC raises funds at lowest possible cost amongst the Term Lending Institutions in India. This directly benefits the IR in terms of
Slide 6: Competitive cost of borrowings based on strong credit ratings in India and diversified sources
Competitive cost of borrowings based on strong credit ratings in India and diversified sources of funding Borrowing Mix as on 30th Sept. 2023 Particulars Rating Outlook NSSF (30th Sept 2023) 4.31% STL 0.69% Domestic: ECB Long term rating 17.01% Bonds (Including CRISIL CRISIL AAA Stable 54EC Bonds) 4
Slide 7: Consistent Financial Performance
Consistent Financial Performance Net Interest Income & PAT Net Interest Income PAT 6,373.23 6,337.01 6,205.38 6,089.83 4,514.61 4,416.13 3,401.96 3,375.86 3,224.53 3,192.10 3,106.45 3,100.36 2,781.58 2,553.80 2,139.93 2,001.46 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 HY1 FY 2023 HY1 FY 2024 Negligible Op
Slide 8: Consistent Financial Performance
Consistent Financial Performance Return Ratios CRAR and Net Gearing Ratio RoA RoE 9.00 9.47 9.21 8.88 8.52 14.86% 14.66% 7.70 632.79% 14.06% 13.34% 7.00 13.03% 6.60 12.32% 512.02% 491.72% 11.57% 440.00% 420.00% 395.00% 9.47% 347.00% 321.00% 1.38% 1.16% 1.32% 1.35% 1.47% 1.35% 1.55% 1.29% FY 18 FY 19
Slide 9: Key Ratios- FY 2023-24
Key Ratios- FY 2023-24 Particulars HY1 FY 2023-24 Net Interest Margin (Annualized) 1 .33% Return on Equity (Annualized) 13.03% Net Gearing Ratio 8.52x CRAR 632.79% Book Value Per Share (Rs.) 36.49 EPS (Rs.) 4.75 Interim Dividend Rs. 0.80 per share 9
Slide 10: Snapshot of Key Financials
Snapshot of Key Financials HY Ended HY Ended Year-Ended Particulars 30th Sept. 2023 30th Sept. 2022 Growth in % 31st March 2023 Revenue from Operations 13,445.50 11,437.24 17.56 23,891.28 Finance Cost 10,272.45 7,998.18 28.43 17,447.21 Net Interest Income 3,100.36 3,401.96 -8.87 6,373.23 Profit Befo
Slide 11: Way forward and Opportunities in Indian Railways
Backward Way forward and Opportunities in Indian Railways Forward Linkages Linkages ❖ As per charter company can fund any entity which has backward or forward linkage with Indian Railways, viz- o Leasing of Rolling stock other than MoR o Funding of Railway Infrastructure being developed through Stat
Slide 12: Thank You
Thank You 12
Slide 13: Disclaimer
Disclaimer * The presentation is prepared based on un-audited financial statements of IRFC for the half year ended 30th September 2023. *There is a possibility of Ind As financial results and the additional disclosures to be updated, modified or amended because of adjustments which may be required t
Slide 14: Financials- P & L Statement
Financials- P & L Statement Statement of Profit and Loss (All amounts in INR Crore, unless stated otherwise ) Half Year ended Half year ended Year Ended 30th Sept, 2023 30th Sept, 2022 March 2023 Particulars (Un-audited) (Un-audited) (Audited) Revenue From Operations Interest Income 4,347.95 3,422.4
Slide 15: Financial-Balance Sheet –1/2
Financial-Balance Sheet –1/2 HY Ended HY Ended Year Ended Particulars 30th Sept. 2023 30th Sept. 2022 March 2023 (Un-audited) (Un-audited) (Audited) ASSETS Financial Assets Cash And Cash Equivalents 9,702.05 8,722.78 206.02 Bank Balance Other Than Above 1,091.59 955.64 335.63 Derivative Financial In
Slide 16: Financials – Balance sheet (2/2)
Financials – Balance sheet (2/2) LIABILITIES AND EQUITY LIABILITIES Financial Liabilities Derivative Financial Instruments 1,561.54 1,120.03 907.28 Payables - - Trade payables - - - (i) Total outstanding dues of micro enterprises and small enterprises - - - (ii) Total outstanding dues of creditors o
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