Indian Railway Finance Corporation quarterly results and financials

Indian Railway Finance Corporation (IRFC)₹83.50+4.00%(9 Nov 2026 close)Financial Institution

Key facts

In the Jun 2026 quarter (standalone), Indian Railway Finance Corporation reported revenue of ₹8,280 Cr, up 19.5% from Jun 2025, and net profit of ₹1,924 Cr, up 10.4% year on year. For the year to Mar 2026, revenue were ₹27,370 Cr and net profit ₹7,001 Cr.

Revenue (Jun 2026): ₹8,280 Cr
Net profit (Jun 2026): ₹1,924 Cr
Revenue (FY Mar 2026): ₹27,370 Cr
Net profit (FY Mar 2026): ₹7,001 Cr
EPS (Jun 2026): ₹1.48
Borrowings (Mar 2026): ₹4.38 L Cr

Company filings, standalone accounts; latest reported quarter Jun 2026

Indian Railway Finance Corporation quarterly results

₹ crore unless stated; each column is a quarter.

Indian Railway Finance Corporation Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	6,773	6,756	6,488	6,781	6,913	6,781	6,738	6,928	6,386	6,675	7,359	8,280
Interest	5,178	5,106	4,728	5,157	5,252	5,095	4,993	5,127	4,543	4,814	5,521	6,416
Net interest income	1,595	1,650	1,760	1,624	1,661	1,687	1,744	1,801	1,842	1,862	1,838	1,864
Expenses	34.05	35.08	34.07	33.10	38.08	39.09	44.14	47.15	49.10	104	118	42.07
Financing Profit	1,550	1,599	1,720	1,580	1,617	1,632	1,685	1,746	1,781	1,750	1,696	1,801
Financing Margin %	23.0%	24.0%	26.0%	23.0%	23.0%	24.0%	25.1%	25.1%	28.0%	26.0%	23.0%	22.0%
Other Income	1.01	3.01	3.01	0.00	1.01	3.01	1.01	3.01	0.00	58.12	−7.02	130
Depreciation	2.01	1.01	1.99	2.01	0.99	1.01	1.01	0.99	0.99	1.01	2.01	1.01
Profit before tax	1,544	1,597	1,714	1,576	1,612	1,629	1,681	1,745	1,775	1,800	1,681	1,925
Tax %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net Profit	1,543	1,596	1,713	1,573	1,611	1,628	1,680	1,742	1,773	1,797	1,682	1,924
EPS (Rs)	1.19	1.23	1.32	1.22	1.24	1.26	1.30	1.35	1.37	1.39	1.30	1.48

Indian Railway Finance Corporation profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Indian Railway Finance Corporation Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue	7,529	9,068	9,290	11,167	13,446	15,801	20,365	23,963	26,705	27,212	27,370	28,700
Interest	5,518	6,892	6,633	8,184	10,164	11,243	14,079	17,459	20,114	20,484	19,995	21,294
Net interest income	2,011	2,176	2,657	2,983	3,282	4,558	6,286	6,504	6,591	6,727	7,375	7,406
Expenses	38.11	26.08	38.10	48.09	66.20	113	123	134	133	154	319	314
Financing Profit	1,954	2,138	2,596	2,909	3,195	4,426	6,111	6,320	6,430	6,510	6,970	7,028
Financing Margin %	26.1%	24.0%	28.0%	26.1%	24.0%	28.0%	30.0%	26.0%	24.0%	24.1%	26.0%	24.5%
Other Income	1.01	0.00	1.01	0.00	0.00	0.00	2.01	41.10	6.02	4.01	53.16	182
Depreciation	0.00	0.00	0.00	0.00	0.00	3.99	14.01	14.01	8.99	5.01	6.01	5.02
Profit before tax	1,948	2,129	2,590	2,896	3,186	4,408	6,080	6,327	6,402	6,497	6,994	7,181
Tax %	56.0%	56.0%	21.0%	22.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—
Net Profit	848	932	2,052	2,251	3,185	4,406	6,081	6,326	6,396	6,494	7,001	7,176
EPS (Rs)	187.88	143.31	3.16	2.41	2.70	3.39	4.67	4.86	4.92	4.99	5.37	5.54
Dividend payout %	40.0%	40.0%	18.0%	18.0%	0.0%	31.0%	30.0%	31.0%	31.0%	32.0%	39.0%	—

Indian Railway Finance Corporation balance sheet

₹ crore, at each year end.

Indian Railway Finance Corporation Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3,598	4,547	6,556	6,547	9,420	11,926	13,107	13,120	13,126	13,128	13,119	13,116
Reserves	5,113	7,029	5,506	7,418	15,707	18,471	22,880	27,992	32,524	36,259	39,713	43,777
Borrowings	71,564	87,905	1,06,878	1,34,480	1,74,703	2,35,293	3,24,176	3,89,938	4,20,725	4,13,864	4,13,795	4,38,026
Other Liabilities	7,733	9,417	11,299	13,599	7,679	10,880	21,526	20,643	26,870	23,980	24,149	23,570
Total Liabilities	88,007	1,08,898	1,30,240	1,62,044	2,07,511	2,76,570	3,81,689	4,51,693	4,93,244	4,87,230	4,90,776	5,18,487
Fixed Assets	11.98	11.96	11.97	10.97	10.97	10.97	44.87	37.93	18.95	21.94	17.96	17.95
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.99	3.99	9.97
Investments	8.99	7.99	7.99	14.01	13.01	12.01	12.01	9.99	14.01	54.04	37.99	28.03
Other Assets	87,986	1,08,879	1,30,220	1,62,019	2,07,486	2,76,548	3,81,631	4,51,645	4,93,211	4,87,151	4,90,716	5,18,431
Trade receivables	0.00	0.00	0.00	0.00	0.00	0.00	1,65,863	2,01,032	2,44,620	2,60,097	2,84,934	3,84,700
Cash & equivalents	4.99	1,208	7.98	99.70	80.86	101	458	302	541	466	6,128	976
Total Assets	88,007	1,08,898	1,30,240	1,62,044	2,07,511	2,76,570	3,81,689	4,51,693	4,93,244	4,87,230	4,90,776	5,18,487

Indian Railway Finance Corporation cash flow

₹ crore, for each year.

Indian Railway Finance Corporation Cash flow
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−16,335	−19,397	−28,003	−41,639	−62,513	−89,691	−64,207	−28,503	7,887	8,204	−26,938
Cash from investing activity	2.01	1.99	2.01	1.01	0.99	0.00	−4.99	0.00	−7.99	0.00	−2.99
Cash from financing activity	17,540	18,222	28,018	41,678	62,585	90,054	64,188	28,590	−8,025	−2,568	21,508
Net cash flow	1,202	−1,201	0.00	2.99	−1.99	295	−150	59.75	−140	5,634	−5,451
Capex	0.13	0.13	0.14	0.43	0.23	0.88	6.62	0.77	8.32	0.81	13.39
Free cash flow	−16,354	−19,436	−28,055	−41,723	−62,662	−89,793	−64,322	−28,542	7,899	8,224	−26,998
CFO / OP %	−213.0%	−211.1%	−298.1%	−371.0%	−465.0%	−572.0%	−319.0%	−120.0%	30.0%	31.0%	−100.1%

Indian Railway Finance Corporation ratios

Working-capital days and returns, by year.

Indian Railway Finance Corporation Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE %	9.0%	8.0%	8.0%	16.0%	12.0%	12.0%	13.0%	16.0%	15.0%	14.0%	13.0%	13.0%

Indian Railway Finance Corporation: frequently asked questions

What are the latest quarterly results of Indian Railway Finance Corporation?

For the Jun 2026 quarter, Indian Railway Finance Corporation reported revenue of ₹8,280 Cr, up 19.5% year on year and net profit of ₹1,924 Cr, up 10.4% year on year.

What is the annual revenue of Indian Railway Finance Corporation?

Indian Railway Finance Corporation's revenue for the year to Mar 2026 were ₹27,370 Cr; over the last twelve months they were ₹28,700 Cr.

What is the net profit of Indian Railway Finance Corporation?

Net profit for the year to Mar 2026 was ₹7,001 Cr, and ₹7,176 Cr over the last twelve months. Earnings per share over the same trailing period were ₹5.54.

What is the free cash flow of Indian Railway Finance Corporation?

Cash from operations was −₹26,938 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹26,998 Cr.

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