Shares of Indian Railway Finance Corporation were in focus after the company reported a strong set of Q3 FY26 numbers, delivering double-digit growth in profitability and stable operating performance.
Profitability improves in Q3
For the quarter ended December 31, 2025, IRFC posted a net profit of Rs 1,802.19 crore, up 10.52% year-on-year from Rs 1,630.66 crore in the same period last year. The quarter marked IRFC’s highest-ever Q3 profit, supported by steady margins and controlled costs.
Revenue and income snapshot
Total income for the quarter stood at Rs 6,719.23 crore, compared with Rs 6,766.39 crore a year ago. Revenue from operations came in at Rs 6,661.13 crore, broadly stable on a YoY basis, while other income remained modest at Rs 57.86 crore. Management noted that income was marginally impacted due to the one-year extension of a moratorium on a lease agreement with the Ministry of Railways, which affected revenue recognition during the quarter.
Nine-month performance remains solid
For the nine months ended December 31, 2025, IRFC reported a net profit of Rs 5,324.86 crore, up from Rs 4,820.13 crore in the corresponding period last year. Total income for the nine-month period stood at Rs 20,009.38 crore, reflecting steady execution and diversification under the company’s IRFC 2.0 strategy.
Balance sheet and operational highlights
IRFC continued to maintain a zero NPA status and reported its highest-ever net worth of Rs 56,625.41 crore as of December 31, 2025. The company also achieved its full-year sanction guidance of Rs 60,000 crore within nine months, while the Rs 30,000 crore disbursement target for the year remains on track.
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