Indian Railway Finance Corp Ltd

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

Indian Railway Finance Corp. will hold a meeting of the Board of Directors of the Company on 14 May 2026.

Indian Railway Finance Corporation announced that upon completion of tenure, Vallabhbhai Maneklal Patel, Non -Official Director (Independent Director) ceased to be Independent Director of the Company/IRFC with effect from 15 April 2026.

MAHAGENCO, the largest power generation utility in Maharashtra, remains central to ensuring reliable electricity supply in the state. The latest funding support is expected to further strengthen its operational capabilities. The aforesaid development comes close on the heels of its recent Rs 12,842 crore loan agreement with Hindustan Urvarak & Rasayan. IRFC continues to maintain a strong asset quality profile, with a zero-NPA portfolio, even as it scales up its presence across allied infrastructure segments,' the company said in a statement. Indian Railway Finance Corp.'s principal business is to borrow funds from the financial markets to finance. The Government of India held an 86.36% stake in the company as of 31 December 2025. The company's standalone net profit jumped 10.5% to Rs 1,802.19 crore despite 0.7% fall in net sales to Rs 6,719.23 crore in Q3 FY26 over Q3 FY25. The scrip was up 0.11% to currently trade at Rs 92.86 on the BSE.

Indian Railway Finance Corporation (IRFC) announced that it has sanctioned and fully disbursed a Rs 1,000 crore term loan to Maharashtra State Power Generation Company (MAHAGENCO). The development comes close on the heels of its recent Rs 12,842 crore loan agreement with Hindustan Urvarak & Rasayan.

The transaction marks one of IRFC's largest refinancing initiatives and aligns with its strategic expansion beyond rail financing under its 'IRFC 2.0' vision. The agreement was signed in New Delhi in the presence of senior officials from both organisations, the company said in a statement. Manoj Kumar Dubey, chairman & managing director (MD), IRFC, said: 'IRFC is actively expanding its footprint by supporting critical infrastructure sectors that have strong linkages with the railways. This refinancing transaction with HURL reflects our whole-of-government approach, where we bring cost-effective, long-term financing solutions to strategically important sectors such as fertilizers. By enabling financial efficiency, we are also contributing to agricultural sustainability while strengthening logistics with railways at the core.' The refinancing is expected to benefit Hindustan Urvarak and Rasayan Limited through competitive borrowing costs and an optimised repayment structure aligned with its cash flows, improving financial flexibility and debt servicing efficiency while freeing up resources for growth. The project also has strong linkages with the railway ecosystem, with HURL's plants integrated into rail infrastructure and fertilizer movement coordinated with Indian Railways, supported by streamlined freight payment systems. Established in 1986 as the financing arm of the Ministry of Railways, IRFC has played a key role in funding India's rail infrastructure and is now expanding into diversified infrastructure segments, including power, mining, logistics and ports, while maintaining a zero-NPA record. HURL, backed by PSUs such as NTPC Limited, Coal India and Indian Oil Corporation, operates fertilizer plants at Gorakhpur, Sindri and Barauni, contributing to India's domestic urea production. The deal reinforces IRFC's role as a key financing partner in large-scale infrastructure and multi-stakeholder projects. Indian Railway Finance Corp.'s principal business is to borrow funds from the financial markets to finance. The Government of India held an 86.36% stake in the company as of 31 December 2025. The company's standalone net profit jumped 10.5% to Rs 1,802.19 crore despite 0.7% fall in net sales to Rs 6,719.23 crore in Q3 FY26 over Q3 FY25. Powered by Capital Market - Live

The board of Indian Railway Finance Corporation at its meeting held on 09 March 2026 has approved fund raising for financial year 2026-27 up to Rs 70,000 crore. Powered by Capital Market - Live