Indian Railway Finance Corp Ltd

Net profit of Indian Railway Finance Corporation rose 10.40% to Rs 1927.21 crore in the quarter ended June 2026 as against Rs 1745.69 crore during the previous quarter ended June 2025. Sales rose 19.43% to Rs 8242.03 crore in the quarter ended June 2026 as against Rs 6901.07 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales8242.036901.07 19 OPM %99.7299.53 - PBDT1928.361747.02 10 PBT1927.211745.69 10 NP1927.211745.69 10 Powered by Capital Market - Live

Indian Railway Finance Corp. will hold a meeting of the Board of Directors of the Company on 30 July 2026.

The board of Indian Railway Finance Corporation at its meeting held on 30 June 2026 has co-opted Ranjay Choudhary (DIN:11796981) as an Additional Director designated as Director (Finance) on the Board of the Company for a period of five years with effect from the date of his assumption of charge of the post i.e. 30 June 2026.

The board of Indian Railway Finance Corporation at its meeting held on 30 June 2026 has approved the appointment of Deepa Kotnis, Executive Director (Finance)/IRFC, as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company with effect from 30 June 2026.

The Government of India increased the OFS size after exercising part of the oversubscription option. The total offer size was revised to 24.31 crore equity shares (1.86% equity) from the base offer of 13.07 crore shares (1% equity). The government exercised the greenshoe option for an additional 11.24 crore shares (0.86% equity), taking the total offer size to 24.31 crore shares, lower than the maximum permissible size of 26.14 crore shares (2% equity). The revised offer comprised 21.88 crore shares for non-retail investors and 2.43 crore shares for retail investors. The retail category included 1.31 crore shares under the base offer and 1.12 crore shares under the oversubscription option. At the close of bidding on 25 June 2026, the retail portion received bids for 1,00,61,078 shares, translating into a 41.39% subscription of the revised retail offer comprising 2.43 crore shares. All retail bids were backed by 100% margin. The non-retail portion had received bids for 21.87 crore shares on 24 June 2026, resulting in full subscription of the revised non-retail allocation. Of these, bids for 7.55 crore shares were backed by 100% margin, while bids for 14.32 crore shares were placed without margin. The clearing price for the non-retail portion was fixed at Rs 91 per share, which also became the cut-off price for retail investors. The indicative price for the non-retail segment stood at Rs 91.10 per share. The OFS also reserved up to 25,000 shares for eligible employees, who could apply for shares worth up to Rs 5 lakh. IRFC is a Navratna Central Public Sector Enterprise under the Ministry of Railways and the dedicated market borrowing arm of Indian Railways. It provides financing support for railway expansion, modernization and strategic infrastructure development. On a standalone basis, IRFC's net profit rose 0.15% to Rs 1684.31 crore while net sales rose 9.18% to Rs 7336.05 crore in Q4 March 2026 over Q4 March 2025. Shares of IRFC fell 0.83% to settle at Rs 91.73 on the NSE today. Powered by Capital Market - Live

The President of India, acting through the Ministry of Railways, plans to sell up to 13.07 crore equity shares, representing 1% of IRFC's paid-up equity capital, as the base offer. The government also retains an oversubscription option to sell an additional 13.07 crore shares, taking the total offer size to 26.14 crore shares, or 2% of the company's equity. The OFS opened for non-retail investors on 24 June 2026 and will continue for retail investors, eligible employees and non-retail investors carrying forward unallotted bids on 25 June 2026. The issue is being conducted through separate windows on the BSE and NSE. The floor price for the OFS has been fixed at Rs 91 per share, implying a discount of 7.77% to the previous day's closing price of Rs 98.67 on the NSE. Of the base offer size, 11.76 crore shares have been reserved for non-retail investors, while 1.31 crore shares have been earmarked for retail investors. Under the oversubscription option, an equal number of additional shares may be offered in both categories. As of 9:45 a.m. on 24 June 2026, the base non-retail portion, comprising 11.76 crore shares, had received bids for 40,179 shares, translating into 0.03% subscription. The indicative bid price stood at Rs 91.25 per share. The OFS also includes a reservation of up to 25,000 shares for eligible employees. Employees can bid for shares worth up to Rs 5 lakh under the offer. IRFC is a Navratna Central Public Sector Enterprise under the Ministry of Railways and the dedicated market borrowing arm of Indian Railways. It provides financing support for railway expansion, modernization and strategic infrastructure development. On a standalone basis, IRFC's net profit rose 0.15% to Rs 1684.31 crore while net sales rose 9.18% to Rs 7336.05 crore in Q4 March 2026 over Q4 March 2025. Powered by Capital Market - Live

Indian Railway Finance Corporation signed a Rs 13,527 crore term loan agreement with L&T Metro Rail (Hyderabad) (L&TMRHL) to refinance the debt obligations of the Hyderabad Metro Rail project, marking a landmark refinancing transaction in India's urban transit sector. The refinancing follows the transfer of 100 per cent ownership of L&TMRHL from Larsen & Toubro to the Government of Telangana through Hyderabad Metro Rail (HMRL), transforming the metro network into a strategic public mobility asset under state ownership and creating a stronger financial foundation for the phased expansion of Hyderabad's metro ecosystem. The facility will refinance existing debt obligations, including non-convertible debentures (NCDs), commercial papers and term loans, enabling an orderly exit for existing lenders while significantly improving the project's long-term financial sustainability.

Total revenue from operations jumped 9.12% year-on-year (YoY) to Rs 7,335.75 crore in the quarter ended 31 March 2026. Profit before tax stood at Rs 1,684.31 crore in Q4 FY26, up 0.15% from Rs 1,681.87 crore recorded in the same period a year ago. On a full-year basis, the company's standalone net profit jumped 7.8% to Rs 7,009.17 crore on a 0.49% increase to Rs 27,284.15 crore in FY26 over FY25. The company recorded a 7.80% rise in annual profit after tax (PAT) with positive revenue growth, net worth rising to an all-time high of Rs 56,748 crore and assets under management (AUM) crossing an all-time high of Rs 4.85 lakh crore. The diversification-led expansion resulted in improved spreads and a consistent rise in net interest margin (NIM), while IRFC maintained its pristine zero NPA status, IRFC said in a press release. The company indicated that a steady pipeline and emerging opportunities in sectors such as metro and ports are expected to further accelerate growth in the coming financial year, following its whole-of-government approach, IRFC added. Assets under management hit an all-time high of Rs 4.85 lakh crore through fresh sanctions and disbursements in railway-linked segments. The company's total assets crossed the landmark milestone of Rs 5 lakh crore for the first time. During the financial year 2025-26, IRFC sanctioned projects worth Rs 72,949 crore and disbursed approximately Rs 35,067 crore, exceeding its annual guidance and demonstrating rapid scale-up of its diversified lending portfolio. The company actively participated in competitive and bilateral financing opportunities, securing bids worth around Rs 56,251 crore and building a robust pipeline of high-quality infrastructure assets, IRFC noted. Among the key projects, IRFC refinanced Dedicated Freight Corridor Corporation of India Limited's (DFCCIL) World Bank exposure through a Rs 9,821 crore long-term rupee facility, resulting in savings of approximately Rs 2,700 crore. The company also executed a Rs 12,842 crore refinancing deal for Hindustan Urvarak & Rasayan Limited (HURL), marking its entry into large-ticket refinancing in the fertilizer sector. IRFC has, over the past year, recalibrated its operations in response to reduced reliance on its traditional lending model. With Indian Railways not availing fresh disbursements since FY 2023-24, the company has expanded into sectors with strong forward and backward linkages to railways, including power generation, renewable energy, transmission, fertilizers, and railway-linked infrastructure, the company said. Manoj Kumar Dubey, chairman & managing director of IRFC, said, 'FY26 has been a defining year for IRFC. We have successfully built a diversified infrastructure financing platform while remaining firmly aligned to our core mandate of supporting infrastructure within the railway ecosystem. Our diversification strategy is now translating into stronger spreads, improved margins, and enhanced shareholder value. IRFC has demonstrated its ability to compete effectively in the broader infrastructure financing market while maintaining financial prudence and its long-standing record of zero NPAs. As a Navratna CPSE, IRFC has been entrusted with a larger responsibility in supporting nation-building infrastructure, and we are well positioned to play a bigger strategic role in India's infrastructure growth story.' Indian Railway Finance Corporation (IRFC) borrows funds from the financial markets to finance the acquisition and creation of assets, which are then leased out to the Indian Railways as a finance lease. The Government of India held an 86.36% stake in the company as of 31 December 2025. Shares of Indian Railway Finance Corporation shed 0.90% to Rs 99.35 on the BSE.Powered by Capital Market - Live

Total revenue from operations jumped 9.12% year-on-year (YoY) to Rs 7,335.75 crore in the quarter ended 31 March 2026. Profit before tax stood at Rs 1,684.31 crore in Q4 FY26, up 0.15% from Rs 1,681.87 crore recorded in the same period a year ago. On a full-year basis, the company's standalone net profit jumped 7.8% to Rs 7,009.17 crore on a 0.49% increase to Rs 27,284.15 crore in FY26 over FY25. The company recorded a 7.80% rise in annual profit after tax (PAT) with positive revenue growth, net worth rising to an all-time high of Rs 56,748 crore and assets under management (AUM) crossing an all-time high of Rs 4.85 lakh crore. The diversification-led expansion resulted in improved spreads and a consistent rise in net interest margin (NIM), while IRFC maintained its pristine zero NPA status, IRFC said in a press release. The company indicated that a steady pipeline and emerging opportunities in sectors such as metro and ports are expected to further accelerate growth in the coming financial year, following its whole-of-government approach, IRFC added. Assets under management hit an all-time high of Rs 4.85 lakh crore through fresh sanctions and disbursements in railway-linked segments. The company's total assets crossed the landmark milestone of Rs 5 lakh crore for the first time. During the financial year 2025-26, IRFC sanctioned projects worth Rs 72,949 crore and disbursed approximately Rs 35,067 crore, exceeding its annual guidance and demonstrating rapid scale-up of its diversified lending portfolio. The company actively participated in competitive and bilateral financing opportunities, securing bids worth around Rs 56,251 crore and building a robust pipeline of high-quality infrastructure assets, IRFC noted. Among the key projects, IRFC refinanced Dedicated Freight Corridor Corporation of India Limited's (DFCCIL) World Bank exposure through a Rs 9,821 crore long-term rupee facility, resulting in savings of approximately Rs 2,700 crore. The company also executed a Rs 12,842 crore refinancing deal for Hindustan Urvarak & Rasayan Limited (HURL), marking its entry into large-ticket refinancing in the fertilizer sector. IRFC has, over the past year, recalibrated its operations in response to reduced reliance on its traditional lending model. With Indian Railways not availing fresh disbursements since FY 2023-24, the company has expanded into sectors with strong forward and backward linkages to railways, including power generation, renewable energy, transmission, fertilizers, and railway-linked infrastructure, the company said. Manoj Kumar Dubey, chairman & managing director of IRFC, said, 'FY26 has been a defining year for IRFC. We have successfully built a diversified infrastructure financing platform while remaining firmly aligned to our core mandate of supporting infrastructure within the railway ecosystem. Our diversification strategy is now translating into stronger spreads, improved margins, and enhanced shareholder value. IRFC has demonstrated its ability to compete effectively in the broader infrastructure financing market while maintaining financial prudence and its long-standing record of zero NPAs. As a Navratna CPSE, IRFC has been entrusted with a larger responsibility in supporting nation-building infrastructure, and we are well positioned to play a bigger strategic role in India's infrastructure growth story.' Indian Railway Finance Corporation (IRFC) borrows funds from the financial markets to finance the acquisition and creation of assets, which are then leased out to the Indian Railways as a finance lease. The Government of India held an 86.36% stake in the company as of 31 December 2025. Shares of Indian Railway Finance Corporation fell 1.18% to close at Rs 100.25 on the BSE.Powered by Capital Market - Live

Net profit of Indian Railway Finance Corporation rose 0.15% to Rs 1684.31 crore in the quarter ended March 2026 as against Rs 1681.87 crore during the previous quarter ended March 2025. Sales rose 9.18% to Rs 7336.05 crore in the quarter ended March 2026 as against Rs 6719.13 crore during the previous quarter ended March 2025. For the full year,net profit rose 7.80% to Rs 7009.17 crore in the year ended March 2026 as against Rs 6502.00 crore during the previous year ended March 2025. Sales rose 0.44% to Rs 27266.37 crore in the year ended March 2026 as against Rs 27147.85 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales7336.056719.13 9 27266.3727147.85 0 OPM %98.3999.40 -98.9099.45 - PBDT1686.251683.16 0 7015.226507.31 8 PBT1684.311681.87 0 7009.176502.00 8 NP1684.311681.87 0 7009.176502.00 8 Powered by Capital Market - Live