IRFC Shares Up; Company Set to Declare 2nd Interim Dividend

Shares of Indian Railway Finance Corporation (IRFC) reported gains in the early trade on March 17. The surge can be attributed to the board's decision to disburse second-interim dividend for FY25. As of 10:18 am, IRFC shares gained by 0.42% at ₹118.20 on the Bombay Stock Exchange (BSE).

The board members of the company will be meeting on March 17 to take a call on the dividend payout.

In a regulatory filing on March 10 IRFC said, “A meeting of the Board of Directors is scheduled for Monday, 17th March 2025, to consider declaration of Second Interim Dividend for FY24-25.”

March 21 has been fixed as the record date for the dividend, which means that shareholders who hold IRFC shares as of this date will be eligible for the payout.

Notably, the ex-date and record date fall on the same day. Investors who are about to receive the dividend will need to ensure they own IRFC shares by the ex-date.

IRCTC shares have struggled in recent months. The stock has fallen by 3% in the last one month and has declined by 22% in 2025 so far. The financing arm of the Indian railways has tumbled by 27% in the last six months.

However, long-term investors have reported significant gains in their portfolio. The shares have given a thumping return of 330% in the last two years, making it one of the best performing railway stocks in the market.