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Indian Railway Finance Corporation Ltd.

FinanceFinance Term Lending

www.irfc.co.in BSE: 543257NSE: IRFC

₹78.75BSE0.53%

17 Sep, 11:38 AM

₹78.75

₹1.03L Cr

14.36

1.76

12.81%

₹79.90

₹78.65

₹137.10

₹78.14

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Price Performance

Peer Comparison

Name
POWER FINAN PFC	346.20	5.64	1,14,249.52	5.35	4,745.40	5.42%	13,993.13	1.60%	9.93
Indian Railway Finance Corporation Ltd. IRFC	78.75	14.36	1,03,241.20	2.66	1,927.21	10.40%	8,261.11	19.46%	5.64
RECLTD RECLTD	312.30	5.16	82,235.59	5.92	4,149.46	-6.78%	14,296.10	-2.92%	9.71
IFCI LTD IFCI	75.81	381.82	20,425.60	0.00	8.64	17.07%	102.64	-34.00%	8.48
TOURISM FINA TFCILTD	139.75	41.71	6,470.11	0.43	61.21	100.30%	81.02	27.17%	11.13
SATIN SATIN	216.95	6.33	2,396.67	0.00	120.29	182.36%	670.91	5.39%	11.67
TRU TRU	4.17		49.57	0.00	-10.40	-17.22%	11.27	-62.48%	2.54

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	6,761.33	6,475.02	6,765.68	6,899.66	6,763.43	6,723.23	6,915.38	6,371.89	6,661.37	7,336.05	8,261.11
Expenses	33.96	34.22	32.70	37.72	39.32	44.27	46.83	49.16	103.59	118.00	41.94
	6,727.37	6,440.80	6,732.98	6,861.94	6,724.11	6,678.96	6,868.55	6,322.73	6,557.78	7,218.05	8,219.17
	99.50%	99.47%	99.52%	99.45%	99.42%	99.34%	99.32%	99.23%	98.44%	98.39%	99.49%
	0.85	2.97	0.35	0.54	2.96	0.57	2.86	0.02	57.86	-7.37	130.23
Interest	5,181.49	4,724.72	5,154.91	5,248.74	5,095.07	4,996.37	5,124.39	4,544.42	4,812.02	5,524.43	6,421.04
	2.15	1.73	1.59	1.09	1.34	1.29	1.33	1.35	1.43	1.94	1.15
	1,544.58	1,717.32	1,576.83	1,612.65	1,630.66	1,681.87	1,745.69	1,776.98	1,802.19	1,684.31	1,927.21
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	1,544.58	1,717.32	1,576.83	1,612.65	1,630.66	1,681.87	1,745.69	1,776.98	1,802.19	1,684.31	1,927.21
	1.18	1.31	1.21	1.23	1.25	1.29	1.34	1.36	1.38	1.29	1.47

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	20,299.26	23,721.42	26,648.63	27,152.14	27,284.15
Operating Income (Net)	20,299.26	23,721.42	26,648.63	27,152.14	27,284.15
EXPENDITURE :
Employee Cost	10.75	13.10	11.17	13.51	21.28
Operating & Establishment Expenses	5.94	5.29	5.14	5.32	11.00
Administrations & Other Expenses	5.46	7.14	6.44	6.40	12.08
Provisions and Contingencies	100.49	111.73	114.08	128.78	273.22
	122.63	137.25	136.83	154.01	317.58
Operating Profit (Excl OI)	20,176.63	23,584.16	26,511.80	26,998.13	26,966.57
	2.33	44.26	11.22	4.27	53.91
	20,178.96	23,628.43	26,523.02	27,002.40	27,020.48
Interest	14,074.78	17,447.21	20,101.47	20,495.09	20,005.26
	14.03	14.06	9.44	5.31	6.05
Profit Before Taxation & Exceptional Items	6,090.16	6,167.16	6,412.11	6,502.00	7,009.17
	6,090.16	6,167.16	6,412.11	6,502.00	7,009.17
Provision for Tax	0.32
	6,089.84	6,167.16	6,412.11	6,502.00	7,009.17
Extra items				0.00	0.00
Other Consolidated Items	0.56	0.61	0.45	-0.26	0.51
Consolidated Net Profit	6,090.40	6,167.76	6,412.56	6,501.74	7,009.68
Profit Balance B/F	1,498.03	4,743.91	7,775.47	10,945.33	13,140.91
Appropriations	7,588.43	10,911.67	14,188.03	17,447.07	20,150.59
Equity Dividend %	14.00%	15.00%	15.00%	16.00%	21.00%
	4.66	4.72	4.91	4.98	5.36
Adjusted EPS	4.66	4.72	4.91	4.98	5.36

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	13,068.51	13,068.51	13,068.51	13,068.51	13,068.51
Total Reserves	27,927.83	31,611.68	36,110.06	39,599.26	43,680.25
Reserve excluding Revaluation Reserve	27,927.83	31,611.68	36,110.06	39,599.26	43,680.25
Revaluation reserve			0.00
	40,996.34	44,680.18	49,178.57	52,667.77	56,748.76
Secured Loans	3,41,483.92	3,72,133.15	3,99,383.06	3,94,467.13	4,05,184.94
Unsecured Loans	46,932.70	46,796.11
Other Long Term Liabilities	11.76	12.63	1,856.48	1,496.86	1,604.90
Long Term Provisions			162.38	3.10	4.57
Total Non-Current Liabilities	3,88,428.38	4,18,941.89	4,01,401.92	3,95,967.09	4,06,794.41
Other Current Liabilities	20,501.93	26,631.88	21,852.51	22,280.48	21,582.20
Short Term Borrowings			12,649.04	17,662.27	31,285.45
Short Term Provisions	66.03	104.80	0.39	257.07	265.66
Total Current Liabilities	20,567.97	26,736.68	34,501.94	40,199.82	53,133.31
Total Liabilities	4,49,992.69	4,90,358.75	4,85,082.43	4,88,834.68	5,16,676.48
Loans (Non - Current Assets)	6,824.81	5,933.13	4,944.51	5,171.59	35,949.52
Gross Block	53.59	54.32	30.61	31.29	38.06
Less: Accumulated Depreciation	15.62	35.13	8.56	13.78	19.73
Net Block	37.96	19.19	22.05	17.51	18.33
Non Current Investments	10.00	13.66	53.60	38.18	28.14
Long Term Investment	10.00	13.66	53.60	38.18	28.14
Long Term Loans & Advances	19.09	46.62
Other Non Current Assets	2,01,998.54	2,50,237.58	4,46,950.89	4,40,711.34	4,34,624.73
Total Non-Current Assets	2,08,890.40	2,56,250.18	4,51,974.83	4,45,942.40	4,70,630.82
Cash and Bank	303.38	541.66	467.37	6,143.16	977.81
Other Current Assets	2,20,961.14	2,18,884.24	32,296.11	36,358.91	44,892.65
Short Term Loans and Advances	19,837.77	14,682.68	344.12	390.21	175.20
Total Current Assets	2,41,102.29	2,34,108.57	33,107.60	42,892.28	46,045.66
Net Current Assets (Including Current Investments)	2,20,534.32	2,07,371.89	-1,394.34	2,692.46	-7,087.65
Total Assets	4,49,992.69	4,90,358.75	4,85,082.43	4,88,834.68	5,16,676.48
Contingent Liabilities	2,859.46	3,096.31	1,046.11	829.58	929.13
Total Debt	3,88,416.62	4,18,929.26	4,12,032.10	4,12,129.40	4,36,470.39
	31.37	34.19	37.63	40.30	43.42
Adjusted Book Value	31.37	34.19	37.63	40.30	43.42

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	6,090.16	6,167.16	6,412.11	6,502.00	7,009.17
Adjustment	127.38	112.52	137.19	120.21	-144.25
Changes In working Capital	-70,925.58	-35,137.32	1,340.90	1,653.45	-34,106.34
Cash Flow after changes in Working Capital	-64,708.04	-28,857.65	7,890.20	8,275.66	-27,241.42
Cash Flow from Operating Activities	-64,412.28	-28,588.36	7,914.10	8,229.57	-27,026.41
Cash Flow from Investing Activities	-4.72	0.09	-7.54	-0.10	-2.64
Cash Flow from Financing Activitie	64,266.30	28,644.48	-8,046.43	-2,571.95	21,560.07
Net Cash Inflow / Outflow	-150.70	56.21	-139.87	5,657.52	-5,468.98
Opening Cash & Cash Equivalents	297.19	106.43	162.64	22.77	5,680.29
Closing Cash & Cash Equivalent	146.49	162.64	22.77	5,680.29	211.31

Ratios

Valuation

14.36

1.76

18.90

11.23

5.50

44.90

Profitability

12.81

5.64

1.39

98.84

25.69

Leverage & Liquidity

7.69

0.87

1.35

Returns

2.66

0.05

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	86.36	86.36	86.36	86.36	86.36	86.36	86.36	84.65	82.90
	2.18	2.17	2.25	2.32	2.39	2.46	2.53	4.05	5.16
	11.45	11.46	11.39	11.32	11.24	11.18	11.11	11.29	11.95
	13.64	13.64	13.64	13.64	13.64	13.64	13.64	15.35	17.10
No. of Shareholders	51,08,893	55,00,054	55,40,767	56,35,775	54,51,172	53,17,981	51,69,331	51,13,569	50,86,488

Corporate Actions

Showing: All

Date	Type	Details
2026-08-03	AGM
2026-07-22	Board Meeting	Quarterly Results
2026-05-07	Board Meeting	Audited Results & Quarterly Results

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)
2026-06-30	The President of India acting through and represented by the Ministry of Railways Government of India	Others	Sell	228,744,407

Sector Overview

FinanceFinance Term Lending

Indian Railway Finance Corporation Ltd. operates in the Finance sector under the Finance Term Lending industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

8 members across the board and senior leadership

Vijay Babulal Shirode

Company Secretary & Compliance Officer

—

Manoj Kumar Dubey

Chairman & Managing Director, CEO

₹1.27 Cr

Mar '26

Ranjay Choudhary

Whole Time Director - Finance & CFO

—

Abhishek Kumar

Government Nominee Director

—

Laya Madduri

Government Nominee Director

—

Pradeep Ahlawat

Independent Director

—

Manjula Mishra

Independent Director

—

Deepa Kotnis

Executive Director - Finance & CFO

—

IRFC Latest News

News

10 of 10 articles

EQUITY10 Sept 2026 · 17:34

Indian Railway Finance Corporation informs about appointment of statutory auditor

EQUITY31 Jul 2026 · 12:09

IRFC trades higher on reporting 10% rise in Q1 net profit

Total income increased by 21.29% to Rs 8,391.34 crore for Q1FY27

COMPANY31 Jul 2026 · 12:00

IRFC’s Q1 net profit rises 10% to Rs 1,927.21 crore

Total income increased by 21.29% to Rs 8,391.34 crore for Q1FY27

EQUITY30 Jul 2026 · 17:03

Indian Railway Finance Corporation informs about outcome of board meeting

EQUITY25 May 2026 · 14:21

Indian Railway Finance Corporation informs about press release

COMPANY25 May 2026 · 12:30

IRFC signs Rs 13,527 crore term loan agreement with L&T Metro Rail

The transaction reflects IRFC’s continued evolution into a diversified infrastructure financing institution while leveraging its core strength in long-term transportation finance

EQUITY25 May 2026 · 12:20

IRFC surges on signing loan agreement to raise JPY-equivalent $1.1 billion ECB

The ECB, being raised for JPY equivalent $1.1 billion has been tied up for a 5-year tenor and benchmarked to Overnight TONAR

COMPANY25 May 2026 · 12:13

IRFC signs loan agreement to raise JPY-equivalent $1.1 billion ECB

The ECB, being raised for JPY equivalent $1.1 billion has been tied up for a 5-year tenor and benchmarked to Overnight TONAR

EQUITY20 May 2026 · 16:27

Indian Railway Finance Corporation informs about secretarial compliance report

COMPANY14 May 2026 · 15:17

IRFC’s net profit marginally rises in Q4FY26

Total income of the company increased by 9.00% at Rs 7,328.68 crore for Q4FY26

IRFC

₹78.75

-0.53%