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Informist, Thursday, May 14, 2026

 

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--RFC Jan-Mar net profit INR 16.84 bln 
--IRFC Jan-Mar revenue INR 73.36 bln 
--IRFC Jan-Mar net profit INR 16.84 bln vs INR 16.82 bln year ago 
--IRFC Jan-Mar revenue INR 73.36 bln vs INR 67.23 bln year ago 
--IRFC Jan-Mar finance costs INR 55.24 bln vs INR 49.96 bln year ago 
--IRFC current AUM at INR 4.85 tln 
--IRFC FY26 net profit INR 70.09 bln vs INR 65.02 bln year ago 
--IRFC FY26 revenue INR 272.84 bln vs INR 271.52 bln year ago 

 

By Shubham Rana

 

NEW DELHI - Indian Railway Finance Corp. Ltd. reported a flat net profit for the March quarter, with higher finance costs and impairment on financial instruments offsetting the rise in interest income. 

 

The public-sector company reported a net profit of INR 16.84 billion for the March quarter, up just 0.15% on year. This was the slowest on-year rise in the bottom line in four quarters. Sequentially, the net profit fell over 6%, the first on-quarter fall since Apr-Jun 2024.  

 

At 1450 IST, shares of IRFC were down 1% at INR 100.49 on the National Stock Exchange.

 

The company's total revenue from operations rose 9% on year to INR 73.36 billion in the March quarter. The rise in the top line was the highest in 10 quarters. Interest income jumped nearly 50% on year to INR 29.02 billion, while lease income fell 7% to INR 44.34 billion.

 

Total expenses rose 12% on year, the highest growth in nine quarters, to INR 56.44 billion. Finance costs drove the rise in expenses, up nearly 11% on year to INR 55.24 billion. The impairment on financial instruments rose to INR 548 million in the March quarter from INR 34 million a year ago. 

For the financial year ended March, IRFC reported a net profit of INR 70.09 billion, up 7.8% on year. Total revenue was INR 272.84 billion in FY26, slightly higher than INR 271.52 billion a year ago.

 

The company's assets under management were INR 4.85 trillion as of end-March, higher than INR 4.75 trillion as of Dec. 31. In FY26, IRFC sanctioned projects worth INR 729.49 billion and disbursed approximately INR 350.67 billion, exceeding its annual guidance.

 

"FY26 has been a defining year for IRFC. We have successfully built a diversified infrastructure financjng platform while remaining firmly aligned to our core mandate of supporting infrastructure within the railway ecosystem," Manoj Kumar Dubey, chairman and managing director, IRFC, said in a press release. "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 (non-performing assets)."  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Vandana Hingorani

 

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