Shares of Indian Railway Finance Corporation were trading lower on Tuesday, January 20, despite the company reporting a year-on-year increase in profit for the December quarter.
IRFC shares were down 0.62% at Rs 121.43 apiece on the NSE at 2:55 pm. The company’s market capitalisation stood at Rs 1,58,690.87 crore, according to exchange data.
Indian Railway Finance Corporation, a Navratna CPSE under the Ministry of Railways, reported a 10.52% rise in profit after tax to Rs 1,802.19 crore for the quarter ended December 31, 2025. This marked the highest-ever quarterly PAT recorded by the company. In the same quarter last year, IRFC had posted a PAT of Rs 1,630.66 crore, as per its exchange filing on Monday, January 19.
However, revenue from operations declined 1.51% year-on-year to Rs 6,661.13 crore in Q3 FY26, compared with Rs 6,763.43 crore in the corresponding quarter of the previous financial year.
For the nine-month period ended FY26, IRFC reported a PAT of Rs 5,324.86 crore, up 10.47% from Rs 4,820.13 crore in the year-ago period. During the quarter under review, the company said its net interest margin improved by over 8% on a year-on-year basis, supported by value-accretive disbursements and disciplined liability management under IRFC 2.0.
IRFC’s assets under management rose to a record Rs 4.75 lakh crore as of December 2025, despite no fresh business from Indian Railways during the quarter. The company also maintained its zero non-performing asset status and received its fifth consecutive ‘Excellent’ performance rating from the Department of Public Enterprises.