IRFC said funds under the proposed borrowing programme (Rs 50,000 crore) will be raised for different maturities, through different instruments, depending upon the actual requirement and asset-liability position under the proposed borrowing programme at Rs 50,000 crore will be raised for different maturities, through different instruments, depending upon the actual requirement of funds, asset-liability position and prevailing market conditions, IRFC said.
The company board has designated Sunil Kumar Goel, Group General Manager (Finance) as the Chief Financial Officer (CFO) and key managerial personnel (KMP) of the company with effect from May 25. He would replace Ms. Shelly Verma who is chairman & Managing Director (Additional Charge), CEO and Director Finance of the company.
IRFC reported 11 per cent year-on-year (YoY) drop in net profit at Rs 1,327.70 crore for the march quarter compared with Rs 1,492.50 crore in the corresponding quarter last year.
Interest income rose to Rs 1,998.50 crore from Rs 1913 crore YoY while lease income jumped to Rs 4,237 crore from Rs 4,018.10 crore YoY, the company said in a BSE filing. Total revenue for the quarter stood at Rs 6236 crore from Rs 5,931 crore YoY.
