Indian Railway Finance Corporation (IRFC) on Thursday reported a flat quarterly profit as higher income and loan growth were offset by rising expenses, while the railway financier posted its highest-ever annual profit on the back of diversification into infrastructure lending.
IRFC, a public sector undertaking under the Ministry of Railways, said net profit for the fourth quarter ended March 31, 2026, edged up marginally to Rs 1,684 crore from Rs 1,682 crore a year earlier, according to a regulatory filing.
Total income for the January-March quarter rose 9 per cent year-on-year to Rs 7,329 crore, helped by a sharp increase in interest income, which climbed to Rs 2,902 crore from Rs 1,970 crore in the same period last year. Total expenses also increased, rising to Rs 5,644 crore from Rs 5,042 crore.
For the full financial year ended March 2026, IRFC reported a record net profit of Rs 7,009 crore, up 7.8 per cent from Rs 6,502 crore in the previous year. Assets under management touched an all-time high of Rs 4.85 lakh crore, driven by fresh sanctions and disbursements across railway-linked and diversified infrastructure segments.
The company said its diversification strategy led to improved spreads and a steady rise in net interest margin, which stood at 1.5 per cent for FY26.
“Our diversification strategy is now translating into stronger spreads, improved margins and enhanced shareholder value,” Chairman and Managing Director Manoj Kumar Dubey said in a statement, adding that the company continues to maintain its record of zero non-performing assets while competing in the broader infrastructure financing market.
During FY26, IRFC sanctioned projects worth Rs 72,949 crore and disbursed about Rs 35,067 crore, exceeding its annual guidance. The company also secured bids worth around Rs 56,251 crore through competitive and bilateral financing, building a pipeline of infrastructure assets, the filing showed. |
