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Indian Railway Finance Corporation reported a steady financial performance for the March quarter, with net profit remaining largely unchanged at INR 1,684 crore. The company’s annual profit touched a record high in FY26, supported by higher income, rising interest earnings and growth in railway-linked financing activities. The state-owned financier also reported a sharp rise in assets under management to INR 4.85 lakh crore as it expanded beyond its traditional financing base. During the year, IRFC increased sanctions and disbursements while maintaining its long-standing zero non-performing asset record.
State-owned Indian Railway Finance Corporation (IRFC), the financing arm of the Ministry of Railways, posted a marginal rise in consolidated net profit for the quarter ended March 2026 at INR 1,684 crore, compared to INR 1,682 crore reported in the corresponding quarter of the previous financial year. Advertisement
According to a regulatory filing released this week, the company’s total income during the January-March quarter increased 9 per cent year-on-year to INR 7,329 crore from INR 6,724 crore in the same period last year. Interest income also witnessed strong growth and rose to INR 2,902 crore against INR 1,970 crore reported a year earlier.
Total expenses during the quarter stood at INR 5,644 crore, compared to INR 5,042 crore in the corresponding period of FY25. Despite the rise in expenditure, the company maintained stable profitability during the quarter.
For the full financial year ended March 2026, IRFC reported its highest-ever annual profit of INR 7,009 crore, registering a 7.8 per cent increase from INR 6,502 crore recorded in FY25. The company said its assets under management expanded to a record INR 4.85 lakh crore, supported by fresh sanctions and disbursements across railway-linked infrastructure segments.
The PSU stated that its diversification strategy contributed to better spreads and a steady improvement in net interest margin, which stood at 1.5 per cent for FY26. Over the past few years, IRFC has gradually expanded beyond conventional railway asset financing into broader infrastructure lending opportunities, including sectors linked to transport and logistics.
IRFC Chairman and Managing Director Manoj Kumar Dubey said the company’s diversification strategy had started contributing to stronger spreads, improved margins and higher shareholder value. He further stated that the company had strengthened its position in the wider infrastructure financing market while continuing to maintain financial discipline and a zero NPA record.
During FY26, IRFC sanctioned projects worth INR 72,949 crore and disbursed nearly INR 35,067 crore, exceeding its annual guidance. The company also secured bids worth around INR 56,251 crore through competitive and bilateral financing opportunities, helping build a stronger infrastructure financing pipeline.
In recent years, IRFC has been focusing on expanding its lending portfolio while supporting large-scale railway modernisation and infrastructure development projects undertaken by the central government. The company remains one of the key financial institutions supporting railway asset acquisition and connectivity-related investments across the country.
Source PTI
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