New Delhi: Indian Railway Finance Corporation Limited (IRFC), a Navratna CPSE under the Ministry of Railways, has announced its audited financial results for FY2025-26, reporting strong growth in profitability, assets, and operational efficiency.
FY26 Financial Highlights
- Profit After Tax (PAT): ₹7,009.17 crore, up 7.8% from ₹6,502 crore in FY25
- Total Income: ₹27,338.06 crore, up from ₹27,156.41 crore
- Basic EPS: ₹5.36, increased from ₹4.98
- Net Worth: ₹56,748.76 crore – all-time high
- Total Assets: ₹5,16,676.48 crore – surpassing the ₹5 lakh crore mark for the first time
- Government of India Shareholding: 84.65%
The results reflect consistent growth in profitability and shareholder value, with the company maintaining its record of zero NPAs.
Q4 FY26 Performance
During the quarter January – March 2026:
- Total Income: ₹7,328.68 crore
- Profit Before Tax: ₹1,684.31 crore
- Basic EPS: ₹1.29
Operational Milestones
- Assets Under Management (AUM): ₹4.85 lakh crore – all-time high
- Net Interest Margin (NIM): 1.50%, growing 6% YoY
- Sanctions during FY26: ₹72,949 crore
- Disbursements: ₹35,067 crore – exceeding annual guidance
- Competitive Bids Secured: ₹56,251 crore
- Asset Cover for Secured Debt: 1x (100% security)
Major Transactions
- DFCCIL Refinancing: ₹9,821 crore long-term rupee facility, resulting in savings of ~₹2,700 crore
- HURL Refinancing: ₹12,842 crore – marking IRFC’s entry into large-ticket financing in the fertilizer sector
Auditor’s Report
- Auditor: KGRS & Co., Chartered Accountants
- Opinion: Unmodified (Clean)
- Emphasis of Matter: Lease receivables of ₹1,64,768.83 crore recognized w.e.f. 24th March 2026 for projects EBR IF 2019-20, 2020-21 & EBR S 2020-21; lease agreements under execution as of reporting date
Management Commentary
Manoj Kumar Dubey, Chairman & MD, IRFC, said:
“FY26 has been a defining year for IRFC. We have built a diversified infrastructure financing platform while staying aligned with our core mandate of supporting the railway ecosystem. Our diversification strategy is translating into stronger spreads, improved margins, and enhanced shareholder value.”
He added that IRFC continues to compete effectively in the broader infrastructure financing market while maintaining financial prudence and a long-standing record of zero NPAs.
About IRFC
Indian Railway Finance Corporation Limited (IRFC) is the dedicated financing arm of Indian Railways. As a premier Public Sector Undertaking, IRFC mobilizes funds from domestic and international markets to support railway infrastructure projects, playing a pivotal role in India’s transportation and infrastructure development.
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