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  1. IRFC Q1 results: Net profit climbs 10% to ₹1,927 crore, revenue advances 19%

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IRFC Q1 results: Net profit climbs 10% to ₹1,927 crore, revenue advances 19%

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.

2 min read | Updated on July 30, 2026, 14:51 IST

SUMMARY

IRFC's revenue from operations climbed 19.46% to ₹8,261.11 crore in the latest June quarter, compared to ₹6,915 crore a year back.

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IRFC's net interest margin stood at 1.48% (annualised) for the quarter. | Image: irfc.co.in

IRFC's net interest margin stood at 1.48% (annualised) for the quarter. | Image: irfc.co.in

Indian Railways' fund arm Indian Railway Finance Corporation (IRFC) reported a 10.40% increase in net profit to ₹1,927 crore in the first quarter of the financial year 2026-27, according to an exchange filing on Thursday, July 30.
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The company had posted a profit after tax of ₹1,745.69 crore in the corresponding period of the previous fiscal year.

Its revenue from operations climbed 19.46% to ₹8,261.11 crore in the latest June quarter, compared to ₹6,915 crore a year back.

The Corporation's net worth advanced to a record ₹58,791.95 crore as on June 30, 2026, as against ₹56,748.76 crore as on March 31, 2026, marking the highest-ever level since inception, supported by consistent profitability and retained earnings.

Net Interest Margin (NIM) stood at 1.48% (annualised) for Q1 FY27. Assets Under Management (AUM) was at ₹4.79 lakh crore as of June 30, 2026, as against ₹4.85 lakh crore as of March 31, 2026.

IRFC continued its track record of zero non-performing assets (NPA), maintaining a clean loan book.

Commenting on earnings, Manoj Kumar Dubey, Chairman and Managing Director of IRFC, said, "Q1 FY 2026-27 marks a strong start to the year, with the Corporation delivering its highest-ever quarterly revenue, net worth and profitability. These results reaffirm the robustness of IRFC's diversification strategy under IRFC 2.0 and our continued discipline in maintaining a zero-NPA, high-quality asset book. As we build on the momentum from FY 2025-26, we remain focused on deepening our presence across the mobility and other allied sectors having backward and forward linkage with railways in line with our whole-of-government approach."

On future outlook, the company said that it expects its diversification strategy to drive improved spreads and profitability through FY27 and remain committed to its zero-NPA track record and prudent risk framework.

Post earnings, shares of IRFC were trading 0.4% lower at ₹88.77 apiece on the NSE at 2:49 pm.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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