IRFC targets Rs 60,000 crore loan sanctions by Q3

• IRFC aims to cross Rs 60,000 crore in loan sanctions by the end of the third quarter.
• Chairman and MD Manoj Kumar Dubey announced this goal on the company's 40th Foundation Day.
• The state-owned firm anticipates exceeding its internal business targets for the current year.
• IRFC reported a 10% increase in standalone net profit, reaching Rs 1,777 crore in the second quarter.
• Total revenue from operations for Q2 declined to Rs 6,372 crore.

Why It Matters: IRFC's financial strength signals robust growth and future investment prospects.