IRFC IPO: Low Risk Business Profile, Says IDBI Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.Indian Railway Finance Corporation (registered as non-banking finance company) is wholly owned by the Government of India and administered through the Ministry of Railways.IRFC is a market borrowing arm of Indian railways and is primarily in the business of leasing operations and financing of project assets.In FY20, asset under management of IRFC grew by 32.4% YoY and disbursement by 35.9% YoY.IRFC saw a strong growth during FY20, net interest income grew at 16.2% versus 9.2% in FY19, pre-provision operating profit by 14.8% versus 9.9% in FY19, profit after tax saw a strong growth of 49.2% versus 6.9% in FY19 as it is not required to pay minimum alternate tax..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

IRFC IPO: Low Risk Business Profile, Says IDBI Capital

IRFC IPO: Low Risk Business Profile, Says IDBI Capital

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