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Informist, Monday, Jan. 19, 2026

 

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--IRFC Oct-Dec net profit INR 18.02 bln 
--IRFC Oct-Dec net profit INR 18.02 bln vs INR 16.31 bln year ago 
--IRFC Oct-Dec revenue INR 66.61 bln vs INR 67.63 bln year ago
--IRFC Oct-Dec finance costs INR 48.12 bln vs INR 50.95 bln year ago 
--IRFC Apr-Dec net profit INR 53.25 bln vs INR 48.20 bln year ago 
--IRFC Apr-Dec revenue INR 199.48 bln vs INR 204.28 bln year ago 
--IRFC AUM at INR 4.75 tln as on Dec 31 
--IRFC: Achieved annual sanction guidance of INR 600 bln -in Apr-Dec itself 
--IRFC: Have disbursed 75% of targeted INR 300 bln disbursement for FY26

 

By Divya Moolayattil

 

MUMBAI – Indian Railway Finance Corp. Ltd. reported its highest-ever quarterly net profit for the third consecutive time in the December quarter. The strong performance was driven by lower finance costs despite lease income falling more than 8% on year.

 

The public-sector financier's net profit for the December quarter rose 10% on year to INR 18.02 billion. Its total expenses declined over 4% on year to INR 49.17 billion, mainly because of a fall of nearly 6% in finance costs to INR 48.12 billion.

 

The company's total revenue from operations for the quarter fell nearly 2% on year to INR 66.61 billion. The revenue from operations fell because of a significant decline in lease income to INR 43.46 billion from INR 47.53 billion in the year-ago quarter. Lease income is the company's primary source of revenue.

 

The financier's total income fell marginally to INR 67.19 billion from INR 67.66 billion a year ago, largely due to a one-year extension of a moratorium granted by the Ministry of Railways for a project lease agreement, the company said in a press release. Its interest income for the December quarter rose 15% on year to INR 23.11 billion. The company also reported a multi-fold year-on-year rise in other income to INR 578.6 million. The net interest margin as of Dec. 31 improved over 8% on a year-on-year basis.

 

IRFC's assets under management rose to a record INR 4.75 trillion as of Dec. 31. The company said it had achieved its annual sanction target of INR 600 billion within nine months and has already achieved nearly 75% of its disbursement target of INR 300 billion.

 

"Looking ahead, IRFC expects the positive impact of higher-margin diversified lending and fresh project agreements with Indian Railways, following the completion of the moratorium period, to become more visible from the next financial year," the company said in its press release.  "The Corporation is also exploring co-financing opportunities with multilateral agencies, refinancing of rail-linked projects, and selective expansion into sectors such as metro rail, renewable energy, logistics and ports, aligned with its mandate and risk framework," it added.

 

The company's revenue for Apr-Dec was INR 199.48 billion compared to INR 204.28 billion a year ago. Its expenses for the nine-month period were INR 146.85 billion, also down from INR 156.12 billion a year ago. The company's net profit for Apr-Dec was INR 53.24 billion, compared to INR 48.20 billion in the year-ago period.

 

Shares of the public-sector financier closed 1.1% lower at INR 120.90 apiece on the National Stock Exchange Monday.  End

 

Edited by Rajeev Pai

 

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