| Revenue growth | H1 revenue rose over 20%, driven by higher non-IR lending margins. |
|---|---|
| Margins | Structural expansion as IRFC shifts to non-IR assets with higher NIMs. |
| Demand visibility | Strong, backed by National Rail Plan and ₹20 lakh Cr rail pipeline. |
| Management confidence | Extremely bullish, highlighting consistent double-digit profit growth and organizational strengthening. |
Growth
PAT grew consistently in 5 of the last 6 quarters; diversification yields higher margins.
Outlook
Targets 60/40 IR to non-IR asset mix by 2030, projecting ₹50,000 Cr+ annual disbursements.
Risks
Transition from fixed 35 bps margins on IR funding to market-competitive infrastructure lending.
Last quarter's promises, checked
Delivered
- Guided ₹60k Cr agreements → signed ₹75k Cr+ (= BEAT)
- Guided ₹30k Cr disbursement → delivered ₹35k Cr+ (= BEAT)
- Guided year of consolidation/planning → midterm 2030 vision declared (= BEAT)
Partly delivered
- Guided NIM improvement to 1.65% → achieved 1.48% in Q1 (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: IRFC. Summary written with AI assistance from the document.
Indian Railway Finance Corporation Ltd: key numbers
- Share price
- ₹74.63
- Market cap
- ₹97,530 Cr
- Revenue (annual)
- ₹27,284 Cr
- Net profit (annual)
- ₹7,009 Cr
- P/E (TTM)
- 13.2×Sector 19.7×
- Promoter holding
- 82.90%+0.00% QoQ
- FII holding
- 1.15%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Indian Railway Finance Corporation Ltd
All →Indian Railway Finance Corporation Legal & Regulatory
IRFC's GST authority dropped a ₹549.32 crore show cause notice via a nil demand order dated 23 October 2026. This removes a material tax contingency.
- Value
- ₹549.3 Cr
Indian Railway Finance Corporation Debt & Borrowing: ₹3,415 Cr
IRFC confirmed interest payments for multiple series of bonds, totalling ₹3,414.73 Crore. The payments were made on their respective due dates in October 2026.
- Value
- ₹3,415 Cr
Indian Railway Finance Corporation Debt & Borrowing: ₹2,074 Cr
IRFC confirmed the redemption of NCDs and interest payment for ISIN INE053F08312. The total gross amount serviced on the due date was ₹2,074.30 Crore.
- Value
- ₹2,074 Cr
Indian Railway Finance Corporation Debt & Borrowing: ₹2,591 Cr
IRFC confirmed the full redemption of NCDs (ISIN: INE053F08304) on maturity. The payment included a principal amount of ₹2,500 Crore plus interest.
- Value
- ₹2,591 Cr
Indian Railway Finance Corporation Other Announcement
Indian Railway Finance Corporation Ltd has filed its quarterly shareholding pattern for the quarter ended September 30, 2026, as required by regulation.
Indian Railway Finance Corporation Board Meeting Date
IRFC has scheduled its Board for 15 October 2026 to approve Q1/H1 results and declare an interim dividend, if any. Record date for dividend is set at 23 October 2026, subject to Board approval.