Indian Railway Finance (BOM:543257) EBIT : ₹63,968 Mil (TTM As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Indian Railway Finance EBIT?

Indian Railway Finance's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹16,971 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹63,968 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Indian Railway Finance's annualized ROC % for the quarter that ended in Mar. 2024 was 1.40%. Indian Railway Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Indian Railway Finance's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.52%.

Indian Railway Finance EBIT Historical Data

The historical data trend for Indian Railway Finance's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Indian Railway Finance EBIT Chart

Indian Railway Finance Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

Get a 7-Day Free Trial

93,781.50

103,761.51

115,500.07

61,228.94

63,968.43

Indian Railway Finance Quarterly Data
	Mar18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															11,218.04	15,492.87	15,492.13	16,012.85	16,970.58

Competitive Comparison of Indian Railway Finance's EBIT

For the Credit Services subindustry, Indian Railway Finance's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Indian Railway Finance's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Indian Railway Finance's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Indian Railway Finance's EV-to-EBIT falls into.

Indian Railway Finance EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹63,968 Mil.

Indian Railway Finance (BOM:543257) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Indian Railway Finance's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	67882.32 * ( 1 - 0% )	/	( (4871684.18	+	4845994.12)	/ 2 )
=	67882.32	/	4858839.15
=	1.40 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	4878894.14	-	113.15	-	( 7096.81	-	max(0, 113.15	-	2365879.76	+	7096.81	))
=	4871684.18

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	4850824.26	-	156.44	-	( 4673.7	-	max(0, 156.44	-	2654466.02	+	4673.7	))
=	4845994.12

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Indian Railway Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	67882.32	/	( ( (230.43 + max(2309224.72, 0))	+	(210.67 + max(2600190.8, 0)) )	/	2 )
=	67882.32	/	( ( 2309455.15	+	2600401.47 )	/	2 )
=	67882.32	/	2454928.31
=	2.77 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	2309337.87)	-	(113.15	+	0	+	0)
=	2309224.72

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	2600347.24)	-	(156.44	+	0	+	0)
=	2600190.8

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Indian Railway Finance's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	63968.43	/	4219713.941
	=	1.52 %

Indian Railway Finance EBIT Related Terms

Thank you for viewing the detailed overview of Indian Railway Finance's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Indian Railway Finance (BOM:543257) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Indian Railway Finance Corp Ltd (BOM:543257) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

IRFC:India

Address

Bhisham Pitamah Marg, Lodhi Road, UG Floor, East Tower, NBCC Place, Pragati Vihar, New Delhi, IND, 110003

Website

https://irfc.co.in

Indian Railway Finance Corp Ltd is engaged in the business of borrowing funds from the financial markets to finance the acquisition/creation of assets which are then leased out to the Indian Railways or any entity under the Ministry of Railways. Its only operating segment being Leasing and Finance. The company generates maximum revenue from Lease Income.

Indian Railway Finance (BOM:543257) Headlines

No Headlines