Earnings Review
Rise in revenue, other income lifts IRFC's Q1 net profit
This story was originally published at 15:08 IST on 30 July 2026
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--IRFC Apr-Jun net profit INR 19.27 bln
--IRFC Apr-Jun revenue INR 82.61 bln
--IRFC Apr-Jun net profit INR 19.27 bln vs INR 17.46 bln year ago
--IRFC Apr-Jun revenue INR 82.61 bln vs INR 69.15 bln year ago
--IRFC Apr-Jun finance costs INR 64.21 bln vs INR 51.24 bln year ago
--IRFC current AUM at INR 4.79 tln vs INR 4.85 tln quarter ago
--IRFC annualised net interest margin at 1.48% on Jun 30
--IRFC: Expect diversification to help improve speads, profitability in FY27
By Vaishali Tyagi
NEW DELHI – Indian Railway Finance Corp. Ltd. reported a rise in net profit for the June quarter after reporting flat growth in the March quarter. The financier's bottom line improved due to higher total income, driven by an increase in revenue from operations and other income.
The public-sector company reported a net profit of INR 19.27 billion for the June quarter, up over 10% on year. On a sequential basis, the net profit rose over 14%, the strongest quarter-on-quarter growth in 12 quarters.
The company detailed its June quarter earnings during market hours Thursday. At 1433 IST, its shares were at INR 88.42 on the National Stock Exchange, down nearly 1% from Wednesday.
The company's revenue from operations for the June quarter rose nearly 20% on year to INR 82.61 billion. This was the strongest top-line growth in 14 quarters. Other income jumped to INR 1.30 billion from INR 29 million in the year-ago quarter. The total income of the borrowing arm of Indian Railways rose over 21% on year to INR 83.91 billion. On a sequential basis, it was up nearly 15%.
A rise in the company's total expenditure weighed on its bottom line. Total expenses were up nearly 25% on year, the highest growth in 11 quarters, at INR 64.64 billion. Finance costs drove the rise in expenses. The finance cost was up nearly 25% on year at INR 64.21 billion.
The company's annualised net interest margin was 1.48% for the June quarter, reflecting the continued benefit of IRFC's diversification strategy and disciplined liability management, the company said in a press release.
The company's assets under management were INR 4.79 trillion as of the end of June, down from INR 4.85 trillion as of Mar. 31. In the financial year ending March, IRFC expects its diversification strategy to continue driving improved spreads and profitability, with a growing pipeline of opportunities in diverse sectors of mobility and other allied sectors, it said in the press release. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Rajeev Pai
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