Indian Railway Finance Corp. Ltd. · NSE:IRFC
Indian Railway Finance — 9M FY2023 Earnings Presentation
15 slides from Indian Railway Finance's earnings presentation, January 2023
Slide 1: Indian Railway Finance Corporation Limited Performance Highlights
Indian Railway Finance Corporation Limited Performance Highlights For Nine months ended 31st December PRIVATE & 2022
Slide 2: Key Strengths
Key Strengths AUM CAGR (FY19- Dedicated market borrowing arm for the Indian Railways (IR) Strategic role in Q3-23) 25.40% 1 growth Indian of AUM has grown at 7.89% on 9M basis for FY 2022-23 and stands at INR 4,48,032.64 crore Railways GNPA (Dec Strategic relationship with the MoR enables us t
Slide 3: Strategic role in financing growth of Indian Railways
Strategic role in financing growth of Indian Railways Indian Railways is fairly underpenetrated compared to the Global peers Route Km per million population (2017) 592 464 437 405 134 50 49 Russia USA France Germany Japan India China IRFC funding to MoR INR Bn 1,900 1,481 1,552 1,334 67.3% 1,020 48.
Slide 4: Strategic role in financing growth of Indian Railways
Strategic role in financing growth of Indian Railways Assets Under Management (Figures in INR AUM Break-Up (9M FY23) crore) Minimal credit risk : 98.67% of AUM is exposure 429824.40 448032.64 to MoR 415256.31 368007.20 Loan to RVNL & 270505.73 IRCON, 1.33% 203047.66 155499.65 Advance against 2017-18
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 0.35 0.35 0.35 0.35 FY 19 FY 20 FY 21 FY 22 IRFC raises funds at lowest possible cost amongst the Term Lending Institutions in India. This directly benefits the IR in terms of saving in financ
Slide 6: Competitive cost of borrowings based on strong credit ratings and diversified sources of funding
Competitive cost of borrowings based on strong credit ratings in India and diversified sources of funding Borrowing Mix as on 31st Particulars December 2022 Rating Outlook (31st December 2022) Domestic: Term Loan, Long term rating Bonds 32.22% (Including CRISIL CRISIL Stable 54EC); 44.80% STL; 0.97%
Slide 7: Consistent Financial Performance
Consistent Financial Performance Net Interest Income & PAT 6,205.38 6,089.83 Net Interest Income PAT 5,042.93 5,009.31 4,629.89 4,597.34 4,514.61 4,416.13 3,224.53 3,192.10 2,781.58 2,553.80 2,139.93 2,001.46 FY 18 FY 1 9 FY 2 0 FY 21 FY 22 Up to Q3 Up to Q3 21 22 Negligible Operating Expenses Opera
Slide 8: Consistent Financial Performance
Consistent Financial Performance Return CRAR and Net Gearing Ratios Ratio 14.86% 14.85% 14.58% 9.47 9.34 9.00 9.13 13.34% 12.32% 7.70 11.57% 7.00 6.60 9.47% 466% 482% 420% 440% 395% 321% 347% 1.38% 1.16% 1.32% 1.35% 1.47% 1.42% 1.42% 2017-18 2018-19 2019-20 2020-21 2021-22 Upto Q3 Upto Q3 2017-18 20
Slide 9: Key Ratios- Q3 of FY 2022-23
Key Ratios- Q3 of FY 2022-23 Particulars 9 Months ended 31st December 2022 Net Interest Margin 1 .53% (Annualized) Return on Equity 14.58% (Annualized) Net Gearing Ratio 9.13 x CRAR 482.11% EPS 5.11(Annualized) PRIVATE & 9
Slide 10: Snapshot of Key Financials
Snapshot of Key Financials 9 months Year-Ended Particulars ended 31st Dec. 31st Dec. Growth in 31st March 2022 2021 % 2022 Revenue from 17,655.34 14,367.54 22.88% 20299.26 Operations Finance Cost 12,552.50 9,721.96 29.11% 14,074.78 Net Interest Income 5,042.92 4,629.89 8.93% 6,205.38 Profit Before T
Slide 11: Thank You
Thank You PRIVATE & 11
Slide 12: Disclaimer
Disclaim er * The presentation is prepared based on unaudited financial statements of IRFC for nine months period ended 31st December 2022 *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 require
Slide 13: Financials- P & L Statement
Financials- P & L Statement Statement of Profit and Loss (All amounts in INR Crore, unless stated otherwise ) Profit & Loss For Nine Months For Nine Months Particulars Ended FY 21-22 Ended 31.12.2022 31.12.2021 Revenue From Operations Interest Income 5548.80 5381.71 7294.67 Dividend Income 0.14 0.40
Slide 14: Financial-Balance Sheet –1/2
Financial-Balance Sheet –1/2 Nine months Nine months FY 2021-22 Ended Balance Ended Balance Particulars sheet as at sheet as at 31.12.2022 31.12.2021 ASSETS Financial Assets Cash And Cash Equivalents 652.81 115.35 146.49 Bank Balance Other Than Above 156.75 122.54 156.88 Derivative Financial Instrum
Slide 15: Financials – Balance sheet (2/2)
Financials – Balance sheet (2/2) LIABILITIES AND EQUITY LIABILITIES Financial Liabilities Derivative Financial Instruments 866.23 441.22 566.93 Payables - - - - Trade payables - - - (i) Total outstanding dues of micro enterprises and small enterprises - - - (ii) Total outstanding dues of creditors o
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