Indian Railway Finance Corporation Limited — quarter and year ended 31st March 2026
| National Stock Exchange of India Limited | BSE Limited |
|---|---|
| Listing department, Exchange Plaza, | Listing Dept / Dept of Corporate Services, |
| Bandra-Kurla Complex, Bandra (E) | PJ Towers, Dalal Street, |
| Mumbai- 400 051 | Mumbai -400 001 |
| Scrip Symbol: IRFC | Scrip Code: 543257 |
| Particulars | Quarter Ended | Year Ended | |||
|---|---|---|---|---|---|
| 31st March 2026 | 31st December 2025 | 31st March 2025 | 31st March 2026 | 31st March 2025 | |
| Audited | Unaudited | Audited | Audited | Audited | |
| (I) Revenue From Operations | 7,335.75 | 6,661.13 | 6,722.83 | 27,284.15 | 27,152.14 |
| (II) Net Profit for the period (before Tax and Exceptional Items) | 1,684.31 | 1,802.19 | 1,681.87 | 7,009.17 | 6,502.00 |
| (III) Net Profit for the period before Tax (after Exceptional Items) | 1,684.31 | 1,802.19 | 1,681.87 | 7,009.17 | 6,502.00 |
| (IV) Net Profit for the period after Tax (after Exceptional Items) | 1,684.31 | 1,802.19 | 1,681.87 | 7,009.17 | 6,502.00 |
| **(V) Total Comprehensive Income for the period | |||||
| [comprising Profit for the period after tax and Other Comprehensive Income after tax]** | 1,494.63 | 1,803.75 | 1,666.99 | 6,824.46 | 6,486.33 |
| (VI) Paid up Equity Share Capital (Face Value of Rs. 10/- Per Share) | 13,068.51 | 13,068.51 | 13,068.51 | 13,068.51 | 13,068.51 |
| (VII) Other Equity Excluding Revaluation Reserves as per balance sheet | 43,680.25 | 43,556.90 | 39,599.26 | 43,680.25 | 39,599.26 |
| (VIII) Net Worth | 56,748.76 | 56,625.41 | 52,667.77 | 56,748.76 | 52,667.77 |
| (IX) Paid up Debt Capital/Outstanding Debt | 436,470.39 | 417,940.38 | 412,129.40 | 436,470.39 | 412,129.40 |
| (X) Debt Equity Ratio | 7.69 | 7.38 | 7.83 | 7.69 | 7.83 |
| (XI) Earning Per Share (of Rs. 10 each) | |||||
| – Basic (Rs.) | 1.29 | 1.38 | 1.29 | 5.36 | 4.98 |
| – Diluted (Rs.) | 1.29 | 1.38 | 1.29 | 5.36 | 4.98 |
| Particulars | Quarter Ended: 31st March 2026 (Audited) | Quarter Ended: 31st December 2025 (Unaudited) | Quarter Ended: 31st March 2025 (Audited) | Year Ended: 31st March 2026 (Audited) | Year Ended: 31st March 2025 (Audited) |
|---|---|---|---|---|---|
| Revenue from Operations | |||||
| (i) Interest Income | 2,901.93 | 2,311.41 | 1,969.62 | 9,539.83 | 7,719.69 |
| (ii) Lease Income | 4,433.82 | 4,345.71 | 4,749.11 | 17,726.00 | 19,427.44 |
| (iii) Other Operating Income | – | 4.01 | 4.10 | 18.32 | 5.01 |
| (I) Total Revenue From Operations | 7,335.75 | 6,661.13 | 6,722.83 | 27,284.15 | 27,152.14 |
| (II) Dividend Income | 0.30 | 0.24 | 0.40 | 0.54 | 0.72 |
| (III) Other Income | (7.37) | 57.86 | 0.57 | 53.37 | 3.55 |
| (IV) Total Income (I + II + III) | 7,328.68 | 6,719.23 | 6,723.80 | 27,338.06 | 27,156.41 |
| Expenses | |||||
| (i) Finance Costs | 5,524.43 | 4,812.02 | 4,996.37 | 20,005.26 | 20,495.09 |
| (ii) Impairment on Financial Instruments | 54.77 | 59.14 | 3.38 | 124.03 | 0.68 |
| (iii) Employee Benefit Expense | 6.71 | 5.29 | 4.33 | 21.28 | 13.51 |
| (iv) Depreciation, Amortization and Impairment | 1.94 | 1.43 | 1.29 | 6.05 | 5.31 |
| (v) Corporate Social Responsibility Expenses | 45.51 | 32.10 | 31.39 | 141.77 | 125.58 |
| (vi) Others expenses (to be specified) | – | – | – | – | – |
| – Others | 11.01 | 7.06 | 5.17 | 30.50 | 14.24 |
| (V) Total Expenses | 5,644.37 | 4,917.04 | 5,041.93 | 20,328.89 | 20,654.41 |
| (VI) Profit Before Exceptional Items and Tax (IV – V) | 1,684.31 | 1,802.19 | 1,681.87 | 7,009.17 | 6,502.00 |
| (VII) Exceptional Items | – | – | – | – | – |
| (VIII) Profit Before Tax (VI – VII) | 1,684.31 | 1,802.19 | 1,681.87 | 7,009.17 | 6,502.00 |
| (IX) Tax Expense | – | – | – | – | – |
| – Current Tax | – | – | – | – | – |
| – Deferred Tax | – | – | – | – | – |
| – Adjustment for Earlier Years | – | – | – | – | – |
| Total Tax Expenses | – | – | – | – | – |
| (X) Profit for the Period From Continuing Operations (VIII – IX) | 1,684.31 | 1,802.19 | 1,681.87 | 7,009.17 | 6,502.00 |
| (XI) Profit from Discontinued Operations | – | – | – | – | – |
| (XII) Tax Expense of Discontinued Operations | – | – | – | – | – |
| (XIII) Profit from Discontinued Operations (After Tax) (XI – XII) | – | – | – | – | – |
| (XIV) Profit for the Period (X + XIII) | 1,684.31 | 1,802.19 | 1,681.87 | 7,009.17 | 6,502.00 |
| (XV) Other Comprehensive Income | |||||
| (A) (i) Items that will not be reclassified to profit or loss | |||||
| – Remeasurement of defined benefit plans | 0.71 | (0.07) | (0.60) | 0.51 | (0.26) |
| – Remeasurement of Equity Instrument | (15.21) | 1.63 | (14.28) | (10.04) | (15.41) |
| (ii) Income tax relating to items that will be reclassified to profit or loss | |||||
| – Remeasurement of defined benefit plans | – | – | – | – | – |
| – Remeasurement of Equity Instrument | – | – | – | – | – |
| Subtotal (A) | (14.50) | 1.56 | (14.88) | (9.53) | (15.67) |
| (B) (i) Items that will be reclassified to profit or loss | |||||
| – Effective portion of gains and loss on hedging instruments in cash flow hedges | 112.78 | – | – | 112.78 | – |
| – Cost of hedging reserve | (132.78) | – | – | (132.78) | – |
| – Fair value change in Foreign Currency Borrowing | (155.18) | – | – | (155.18) | – |
| (ii) Income tax relating to items that will be reclassified to profit or loss | |||||
| – Effective portion of gains and loss on hedging instruments in cash flow hedges | – | – | – | – | – |
| – Cost of hedging reserve | – | – | – | – | – |
| – Fair value change in Foreign Currency Borrowing | – | – | – | – | – |
| Subtotal (B) | (175.18) | – | – | (175.18) | – |
| (XVI) Other Comprehensive Income (A + B) | (189.68) | 1.56 | (14.88) | (184.71) | (15.67) |
| (XVII) Total Comprehensive Income for the Year (XVI + XIV) | 1,494.63 | 1,803.75 | 1,666.99 | 6,824.46 | 6,486.33 |
| (XVIII) Paid up Equity Share Capital (Face Value of Rs. 10/- Per Share) | 13,068.51 | 13,068.51 | 13,068.51 | 13,068.51 | 13,068.51 |
| (XIX) Other Equity Excluding Revaluation Reserves as per balance sheet | 43,680.25 | 43,556.90 | 39,599.26 | 43,680.25 | 39,599.25 |
| (XX) The applicable Analytical Ratios and other disclosures are as under: | |||||
| Earnings per equity share (Face Value of Rs. 10/- per share) (Before Initial Public Offer) | |||||
| – Basic (Rs.) | 1.29 | 1.38 | 1.29 | 5.36 | 4.98 |
| – Diluted (Rs.) | 1.29 | 1.38 | 1.29 | 5.36 | 4.98 |
| (XXI) Additional Information | |||||
| Percentage of shares held by Government of India | 84.65 | 86.36 | 84.65 | 86.36 | |
| Net Worth | 56,748.76 | 56,625.41 | 52,667.77 | 56,748.76 | 52,667.77 |
| Particulars | As at 31st March 2026 (Audited) | As at 31st March 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Financial Assets | ||
| Cash And Cash Equivalents | 211.31 | 5,680.29 |
| Bank Balance Other Than Above | 766.50 | 462.87 |
| Derivative Financial Instruments | 2,476.37 | 369.41 |
| Loans | ||
| – Loan to Companies | 35,949.52 | 5,171.59 |
| – Lease Receivables | 383,942.01 | 284,688.83 |
| Investments | 28.14 | 38.18 |
| Other Financial Assets | 83,037.40 | 180,859.04 |
| Total Financial Assets | 506,411.25 | 477,270.21 |
| Non-financial assets | ||
| Current Tax Assets (Net) | 175.20 | 390.21 |
| Property, Plant And Equipment | 17.21 | 13.80 |
| Right of Use Assets | 0.75 | 3.13 |
| Intangible assets under development | 10.10 | 3.78 |
| Other Intangible Assets | 0.37 | 0.58 |
| Other Non-Financial Assets | 10,061.60 | 11,152.97 |
| Total Non-Financial Assets | 10,265.23 | 11,564.47 |
| Total Assets | 516,676.48 | 488,834.68 |
| LIABILITIES AND EQUITY | ||
| LIABILITIES | ||
| Financial Liabilities | ||
| Derivative Financial Instruments | 2,393.90 | 2,230.72 |
| Payables | ||
| – Trade payables | ||
| (i) Total outstanding dues of micro enterprises and small enterprises | – | – |
| (ii) Total outstanding dues of creditors other than micro enterprises and small | – | – |
| – Other payables | ||
| (i) Total outstanding dues of micro enterprises and small enterprises | 1.66 | 1.29 |
| (ii) Total outstanding dues of creditors other than micro enterprises and small | 13.10 | 11.60 |
| Debt Securities | 262,703.05 | 248,831.41 |
| Borrowings (Other Than Debt Securities) | 173,767.34 | 163,297.99 |
| Lease Liabilities | 0.76 | 3.29 |
| Other Financial Liabilities | 19,539.27 | 20,445.27 |
| Total Financial Liabilities | 458,419.08 | 434,821.57 |
| Non-Financial Liabilities | ||
| Current Tax Liabilities (Net) | – | – |
| Provisions | 270.23 | 260.17 |
| Deferred Tax Liabilities (Net) | – | – |
| Other Non-Financial Liabilities | 1,238.41 | 1,085.17 |
| Total Non-Financial Liabilities | 1,508.64 | 1,345.34 |
| Total Liabilities | 459,927.72 | 436,166.91 |
| Equity | ||
| Equity Share Capital | 13,068.51 | 13,068.51 |
| Other Equity | 43,680.25 | 39,599.26 |
| Total Equity | 56,748.76 | 52,667.77 |
| Total Liabilities And Equity | 516,676.48 | 488,834.68 |
| Particulars | Year Ended 31st March 2026 | Year Ended 31st March 2025 |
|---|---|---|
| Audited | Audited | |
| A. CASH FLOW FROM OPERATING ACTIVITIES | ||
| Profit before taxes | 7,009.17 | 6,502.00 |
| Adjustments for: | ||
| Remeasurement of Defined Benefit Plans | 0.51 | (0.26) |
| Depreciation and Amortisation (including adjustment to ROU assets) | 6.05 | 5.31 |
| Remeasurement of Equity Instrument | (10.04) | |
| Remeasurement of Foreign Currency Borrowings | (155.18) | |
| Fair value change of Foreign Currency Borrowings | 112.78 | |
| Adjustment for Effective Portion of Hedge | (132.78) | |
| Loss on sale of Fixed Assets | 0.03 | 0.04 |
| Discount of Zero Coupon Bond | 34.82 | – |
| Discount of Commercial Paper | – | 34.79 |
| Adjustments Towards Effective Interest Rate | – | 80.80 |
| Gain on Derecognition of ROU Asset | – | |
| Interest Expense on lease liabilities | 0.10 | 0.25 |
| Dividend Income Received | (0.54) | (0.72) |
| Operating Profit Before Working Capital Changes | 6,864.92 | 6,622.21 |
| Movements in Working Capital: | ||
| Increase/( |