New Delhi [India], June 30 (HornbillTV): Indian Railway Finance Corporation (IRFC) on Wednesday reported 126 per cent growth in the profit for Q4 FY21 at INR 1,483 crore as compared to INR 655 crore reported in the same period of previous fiscal. The net profit for FY21 grew by 38 per cent to INR 4,416 crore as against INR 3,192 crore for FY20. Total revenue from operations grew by 17 per cent to INR 15,770 crore. Annual disbursements of IRFC grew by 46 per cent from INR 71,392 crore in FY20 to INR 1.04 lakh crore in FY21. Assets under management stood at INR 3.6 lakh crore as against INR 2.6 lakh crore, registering a growth of 35 per cent.

Capital adequacy ratio continues to be strong at 416 per cent. The company continues to raise funds at competitive rates, and terms both from domestic and overseas financial markets has helped to keep its cost of borrowing low. Chairman and Managing Director Amitabh Banerjee said IRFC continues to show strong growth momentum both in terms of revenue and profit driven by massive investment outlay of Indian Railways which is on an expansion and modernisation drive. "There will be sustained growth in revenue and profitability going forward as a major portion of the funding requirement of Indian Railways is to be met through IRFC," he said.