IRFC net profit up 19.54% to Rs 421.73 cr in H1 FY15

New Delhi: Indian Railway Finance Corporation Ltd (IRFC) on Wednesday posted a 19.54 percent rise in its net profit at Rs 421.73 crore for the six-month period ended September 30, 2014.

IRFC, the financing arm of the Indian railways, had posted a net profit of Rs 352.79 crore during the same period last year.

The rise in net profit is mainly attributed to the growth in lease income which stood at Rs 3,141.34 crore as against Rs 2,856.90 in the year-ago period.

Interest on deposit from banks also increased to Rs 204.18 crore as against Rs 11.07 crore earned during the same period last year.

The company had posted a net profit of Rs 700.69 crore for the year ended March 31, 2014.