Indian Railway Finance Corp. Ltd. · NSE:IRFC
Indian Railway Finance — FY2024 Earnings Presentation
15 slides from Indian Railway Finance's earnings presentation, May 22, 2024
Slide 1: Performance Highlights for the year ended 31st March 2024
Indian Railway Finance Corporation Limited Performance Highlights For the year ended 31st March 2024 22nd May 2024 PRIVATE & CONFIDENTIAL
Slide 2: Snapshot of the Company
Snapshot of the Company Company Overview AUM Break-Up (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 , Lease Railways (MoR) Advance 1.06% Receivabl
Slide 3: Key Strengths
Key Strengths AUM ( FY 24) Strategic role in growth of Dedicated market borrowing arm for the Indian Railways (IR) 1 Indian Railways INR 4.64 trillion AUM as on 31st March 2024 stands at INR 4,64,641.28 crore GNPA ( FY 24) Strategic relationship with the MoR enables us to maintain a low risk p
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 (FY 24) 466148.28 464641.28 429204.16 Minimal credit risk : 98.94% of AUM is exposure to MoR 368007.20 270505.73 203047.66 Loan to RVNL , 1.06% 155499.65 Lease Advance Receivables agains
Slide 5: Competitive cost of borrowings based on strong credit ratings in India 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 March, 2024 Particulars Rating Outlook (31st March 2024) Bonds (Including 54EC Bonds) LTL ECB NSSF STL NSSF STL Domestic: 4.25% 0.39% Long term rating ECB 16.71% CRISIL
Slide 6: Consistent Financial Performance
Consistent Financial Performance Net Interest Income & PAT Net Interest Income PAT 6,428.85 6,412.10 6,205.38 6,203.37 6,167.16 6,089.84 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 19 FY 20 FY 21 F Y 2 2* FY 23 * FY 24 Negligible Operating Expenses Operating Exp
Slide 7: Consistent Financial Performance
Consistent Financial Performance Return Ratios CRAR and Net Gearing Ratio RoA RoE 9.62 9.38 9.00 8.38 15.97% 7.70 14.50% 7.00 13.34% 13.66% 6.60 12.32% 616.15% 11.57% 9.47% 484.88% 395.00% 420.00% 433.15% 321.00% 347.00% 1.38% 1.16% 1.32% 1.35% 1.47% 1.31% 1.31% FY 18 FY 19 FY 20 FY 21 FY 22* FY 23*
Slide 8: Key Ratios- FY 2023-24
Key Ratios- FY 2023-24 Particulars Year ended 31st March 2024 Net Interest Margin 1.38% Return on Equity 13.66% Net Gearing Ratio 8.38 x CRAR 616.15% EPS 4.91 Dividend Paid Final Dividend recommended by Board 0.70 per share (Rs.) Interim dividend paid 0.80 per share PRIVATE & CONFIDENTIAL 8
Slide 9: Snapshot of Key Financials
Snapshot of Key Financials Year ended Year-Ended Particulars Growth in % 31st March 2024 31st March 2023* Revenue from Operations 26,644.58 12.32% 23,721.42 Finance Cost 20,101.47 15.21% 17,447.21 Net Interest Income 6,428.85 3.63% 6,203.37 Profit Before Tax 6,412.10 3.97% 6,167.20 Profit After Tax
Slide 10: Way forward and Opportunities in Indian Railways
Backward Forward Linkages Way forward and Opportunities in Indian Railways 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 11: Thank You
Thank You PRIVATE & CONFIDENTIAL 11
Slide 12: Disclaimer
Disclaimer * The presentation is prepared based on audited financial statements of IRFC for the year ended 31st March 2024. *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 to be made on
Slide 13: Financials- P & L Statement
Financials- P & L Statement Statement of Profit and Loss (All amounts in INR Crore, unless stated otherwise) Year Ended Year Ended Particulars March 2024 March 2023* (Audited) (Audited) Revenue From Operations Interest Income 8,823.83 7,547.29 Lease Income 17,820.75 16,174.13 Total Revenue From Oper
Slide 14: Financial-Balance Sheet –1/2
Financial-Balance Sheet –1/2 Year Ended Year Ended As at Particulars March 2024 March 2023* April 2022* (Audited) (Audited) (Audited) ASSETS Financial Assets Cash And Cash Equivalents 22.77 162.64 106.43 Bank Balance Other Than Above 444.60 379.02 196.95 Derivative Financial Instruments 489.79 495.2
Slide 15: Financials – Balance sheet (2/2)
Financials – Balance sheet (2/2) LIABILITIES AND EQUITY LIABILITIES Financial Liabilities Derivative Financial Instruments 1,853.19 907.28 566.93 Payables - - - - Trade payables - - - (i) Total outstanding dues of micro enterprises and small enterprises - - - (ii) Total outstanding dues of creditors
Indian Railway Finance — FY2024 Earnings Presentation on 6ix