New Delhi: Indian Railway Finance Corporation Ltd (IRFC), a Navratna Central Public Sector Enterprise under the Ministry of Railways, has posted its strongest-ever quarterly financial performance for the first quarter (Q1) of the financial year 2025-26, reporting record income and profits.
In its Board meeting held on Tuesday, IRFC approved the unaudited financial results for the quarter ended June 30. According to the results, IRFC reported a total income of Rs 6,918.24 crore, compared to Rs 6,766.03 crore in the same quarter of the previous year — marking the highest-ever quarterly income in the company's history.
Profit After Tax (PAT) rose by 10.71 percent year-on-year to Rs 1,745.69 crore, up from Rs 1,576.83 crore in Q1 of FY 2024-25, also setting a new record for the company.
IRFC also reported a net interest margin of 1.53% (annualized), the best in the past three years, supported by improved lending spreads and tight cost control. The book value per share stood at Rs 41.65, and the company’s net worth reached an all-time high of Rs 54,423.96 crore.
Commenting on the performance, IRFC CMD Manoj Kumar Dubey said, “Our performance this quarter reflects the robustness of IRFC's financial strategy and its critical role in advancing the infrastructure goals of Indian Railways. As the sector undergoes unprecedented transformation, we are committed to driving financial innovation and maintaining operational excellence.”
The company further reported improvements in operational efficiency with a debt-to-equity ratio of 7.44 and continued to maintain a clean loan book with zero non-performing assets (NPAs). It also continues to operate with the lowest overhead costs in the industry.
“This quarter reaffirms our ability to secure attractive capital costs in the NBFC ecosystem and share those benefits with our customers . Our competitive edge, defined by low costs, zero NPA, and stable cash flows, helps us forge lasting partners hips beyond pricing,” added Dubey.
This marks IRFC’s first full quarter results since being granted Navratna status earlier this year, which has allowed the company greater autonomy in strategic operations and investments.
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