IRFC board to meet on THIS date to consider second interim dividend; shares down 14% YoY

The firm will hold a board meeting Monday, March 9, 2026, to consider the declaration of a second interim dividend to the shareholders for the financial year 2025-26.

“….the record date for determining the entitlements of the shareholders for the payment of the aforesaid second interim dividend shall be Friday, 13th March, 2026, subject to the approval of the second interim dividend by the Board of Directors,” IRFC said in a regulatory filing.

Meanwhile, the government's 2% share sale offer in IRFC failed to get full subscription on its final day of offer, with both retail and institutional investors giving a lacklustre response to the OFS.

On February 24, the government proposed to sell over 26.13 crore shares, or a 2% stake, in IRFC at a floor price of ₹104 per share, along with a green shoe option of an equal number in the two-day OFS.

Of the 23.52 crore shares reserved for institutional investors, bids came in for 22.34 crore IRFC shares on Wednesday. The bids were 94.98% of the shares offered to such investors. Of the over 3.79 crore shares offered to retail investors on Thursday, bids came in for about 5.9 lakh shares.

The government currently holds an 86.36% stake in the railway sector enterprise.

IRFC share price

At close on Thursday, shares of IRFC settled at ₹103.23 apiece on the National Stock Exchange, falling 1.27%.

For a month’s time, the firm’s shares have fallen 10%. In the last six months, the stock has tumbled 15%. On a year-over-year basis, IRFC shares have fallen by over 14%.

The company’s market capitalisation stands at ₹1.35 lakh crore.

IRFC Q3 earnings

The Navratna CPSE firm under the railways ministry recorded a 10.52% increase in profit after tax (PAT) to ₹1,802.19 crore in the quarter ended December 31, 2025. Notably, this is the highest-ever quarterly PAT in the company's history.

Post-tax profit stood at ₹1,630.66 crore in the same period of the previous fiscal year.

However, revenue from operations declined 1.51% to ₹6,661.13 crore in the October-December quarter of the financial year 2025-26, compared to ₹6,763.43 crore in the year-ago period.

For the nine-month period ended in FY26, PAT stood at ₹5,324.86 crore, up 10.47% compared to ₹4,820.13 crore in the corresponding period last year.

Net Interest Margin (NIM) for the reporting quarter improved by over 8% on a year-on-year basis, backed by value-accretive disbursements in varied segments and disciplined liability management under IRFC 2.0, IRFC had said.

IRFC's Assets Under Management (AUM) advanced to a record ₹4.75 lakh crore as of December 2025 despite the absence of fresh business from Indian Railways during the period.