Flash Finance

Indian Railway Finance Corporation LimitedIRFCBank / NBFC

Financial Services Credit Services Latest results: Sep 2026 16 quarters of data
₹80.25
MCap ₹104,875 Cr · P/E 14.2
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹7,866 Cr
Interest Earned · Sep 2026
+23.5% YoY
₹1,958 Cr
Operating Profit · Sep 2026
+9.9% YoY
₹1,958 Cr
Net Profit · Sep 2026
+10.2% YoY
₹1.50
EPS · Sep 2026
+10.3% YoY
—
Gross NPA % · Sep 2026
—
Net NPA % · Sep 2026

📝 Indian Railway Finance Corporation Limited — results explained

Quarter ended September 2026 (Q2 FY27)

Indian Railway Finance Corporation Limited reported total income of ₹7,924 crore for the quarter ended September 2026 (Q2 FY27), up 24.4% from ₹6,372 crore in the same quarter last year, and down 5.6% sequentially over the June 2026 quarter.

Of this, interest earned contributed ₹7,866 crore and other income ₹58 crore. Net interest income (interest earned minus interest expended of ₹5,917 crore) worked out to ₹1,949 crore.

Net profit rose 10.2% year-on-year to ₹1,958 crore, from ₹1,777 crore. Earnings per share (EPS) came in at ₹1.50.

Full year and trailing twelve months

For the full year FY26, Indian Railway Finance Corporation Limited posted total income of ₹27,338 crore, a growth of 0.7% over FY25, with a net profit of ₹7,009 crore (up 7.8% year-on-year).

On a trailing-twelve-month (TTM) basis, total income stands at ₹30,364 crore with a net profit of ₹7,372 crore.

Valuation snapshot

At the current price of ₹80.25, IRFC has a market capitalisation of ₹104,875 crore and a trailing P/E of about 14.2.

Within the Credit Services industry, it is the 6th-largest of the 23 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 82.90%, foreign institutional investors (FIIs) 1.15%, domestic institutional investors (DIIs) 3.97%, public shareholders 11.98% of Indian Railway Finance Corporation Limited.

Promoter holding slipped from 84.65% to 82.90% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹104,875 Cr
Current Price ?
₹80.2
P/E ?
14.23below ind
Industry P/E ?
15.80
P/B ?
1.85
P/S ?
3.45
P/FCF ?
-3.88
Enterprise Value ?
N/A
EV/EBITDA ?
N/A
PEG ?
4.74
Earnings Yield ?
7.0%
Dividend Yield ?
2.60%
Profitability & Returns
Total Income (TTM) ?
₹30,364 Cr
OPM ?
N/A
Profit after tax (TTM) ?
₹7,372 Cr
EPS (TTM) ?
₹5.64
ROCE ?
N/A
ROE ?
13.0%
ROA ?
1.4%
Gross NPA % ?
N/A
Net NPA % ?
N/A
Growth
Total Income — latest qtr ?
₹7,924 Cr
PAT — latest qtr ?
₹1,958 Cr
YoY qtr sales growth ?
24.4%
YoY qtr profit growth ?
10.2%
Sales growth (3y) ?
5%
Sales growth (5y) ?
12%
Profit growth (3y) ?
3%
Profit growth (5y) ?
10%
Financial Health
Debt ?
N/A
Debt to Equity ?
N/A
Interest Coverage ?
N/A
Current Ratio ?
N/A
Ownership
Promoter holding ?
82.90%
Change in promoter holding ?
-3.46%
Pledged percentage ?
N/A
Market
Return 3 months ?
-9.2%
Return 6 months ?
-23.5%

🗓️ Quarterly results (16 quarters · ₹ Cr)

same fiscal quarter as Sep bestweakest per row · for costs (interest, NPAs) low is best
Metric Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 YoY % QoQ %
Interest Earned 6,2186,1946,6792,2176,7426,4756,7666,8996,7636,7236,9016,3726,6617,3368,2617,866 +23.5% -4.8%
Other Income 43624,55133013117058-713058 +290150.0% -55.4%
Total Income 6,2226,2306,6816,7676,7456,4786,7666,9006,7666,7246,9186,3726,7197,3298,3917,924 +24.4% -5.6%
Interest Expended 4,5544,8955,0915,1815,1044,7255,1555,2495,0954,9965,1244,5444,8125,5246,4215,917 +30.2% -7.8%
Operating Profit 1,634—1,5511,5501,605—1,5731,6131,631—1,7521,7811,861—1,9271,958 +9.9% +1.6%
Provisions 1—-501—-400—6459——-0 -110.9% —
Profit Before Tax 1,6331,2851,5571,5501,6041,7171,5771,6131,6311,6821,7461,7771,8021,6841,9271,958 +10.2% +1.6%
Net Profit 1,6331,2851,5571,5501,6041,7171,5771,6131,6311,6821,7461,7771,8021,6841,9271,958 +10.2% +1.6%
EPS 1.250.981.201.201.231.311.211.231.251.291.341.361.381.291.471.50 +10.3% +2.0%
Gross NPA % — — — — — — — — — — — — — — — — — —
Net NPA % — — — — — — — — — — — — — — — — — —
Capital Adequacy Ratio — — — — — — — — — — — — — — — — — —

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Interest Earned ₹27,151 Cr ₹27,270 Cr ₹30,125 Cr +0.4%
Other Income ₹5 Cr ₹68 Cr ₹239 Cr +1210.7%
Total Income ₹27,157 Cr ₹27,338 Cr ₹30,364 Cr +0.7%
Interest Expended ₹20,495 Cr ₹20,005 Cr ₹22,674 Cr -2.4%
Net Interest Income ₹6,657 Cr ₹7,265 Cr ₹7,451 Cr +9.1%
Operating Profit ₹4,817 Cr ₹5,394 Cr ₹5,747 Cr +12.0%
Provisions ₹-3 Cr ₹69 Cr ₹59 Cr +2665.2%
Profit Before Tax ₹6,502 Cr ₹7,009 Cr ₹7,372 Cr +7.8%
Tax — — ₹0 Cr —
Net Profit ₹6,502 Cr ₹7,009 Cr ₹7,372 Cr +7.8%
EPS ₹4.98 ₹5.37 ₹5.64 +7.8%

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 13,06913,06913,06913,069 +0.0%
Reserves 32,40236,11039,59943,680 +10.3%
Borrowing 418,935412,039412,133436,471 +5.9%
Other Liabilities 26,74223,86524,03423,457 -2.4%
Total Liabilities 491,147485,082488,835516,676 +5.7%
Fixed Assets 19221828 +55.6%
CWIP 0440 -100.0%
Investments 14543828 -26.3%
Other Assets 491,114485,003488,775516,620 +5.7%
Total Assets 491,147485,082488,835516,676 +5.7%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity -28,5847,9148,230-27,026 -428.4%
Cash from Investing Activity 0-8-0-3 —
Cash from Financing Activity 28,643-8,046-2,57221,560 +938.3%
Net Cash Flow 60-1405,658-5,469 -196.7%
Free Cash Flow -28,5857,9068,229-27,040 -428.6%
CFO/OP -120%30%31%-101% -425.8%

💧 Half-year Cash Flow (latest 1 periods)

Metric Sep 2026 % Chg
Cash from Operating Activity 37,212 —
Cash from Investing Activity -1 —
Cash from Financing Activity -7,477 —
Net Cash Flow 29,735 —

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
ROE % 15%14%13%13% +0.0%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026 % Chg
Promoters 86.36%86.36%86.36%84.65%82.90% -2.1%
FIIs 0.93%0.97%0.98%1.16%1.15% -0.9%
DIIs 1.45%1.48%1.54%2.89%3.97% +37.4%
Public 11.24%11.17%11.10%11.29%11.98% +6.1%
No. of Shareholders 54,51,17253,17,98151,69,33151,13,56950,13,659 -2.0%

⚖️ Peer comparison

Industry: Credit Services · 23 companies · full page →
# Company CMP MCap (Cr) P/E Total Inc TTM NP TTM OPM% NPM% Inc YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 BAJFINANCE Bajaj Finance ₹1,034.50 643,553 31.7 86,183 20,648 21.1% 24.0% 18.4% 15.2% 18.7% 27.6%
2 SHRIRAMFIN Shriram Finance ₹1,028.60 242,034 21.1 50,068 11,318 27.5% 22.6% 15.1% 4.7% 16.3% 59.9%
3 CHOLAFIN Cholamandalam Investment ₹1,845.90 157,642 27.2 33,144 5,751 14.1% 17.4% 20.6% 22.7% 21.8% 45.6%
4 PFC Power Finance ₹353.45 116,642 4.5 115,462 33,642 28.0% 29.1% 8.4% 10.2% -0.2% 0.2%
5 MUTHOOTFIN Muthoot Finance ₹2,792.10 112,094 10.6 31,349 10,606 33.7% 33.8% 54.4% 98.1% 65.1% 135.2%
6 IRFC Indian Railway ₹81.09 105,973 14.4 30,364 7,372 18.9% 24.3% 0.7% 7.8% 24.4% 10.2%
7 RECLTD REC ₹312.70 82,341 5.1 59,274 16,035 27.4% 27.1% 5.7% 2.7% -2.4% -6.1%
8 LTF L&T Finance ₹309.10 77,462 15.9 20,052 4,871 12.7% 24.3% 12.4% 67.1% 26.5% 32.4%
9 SBICARD SBI Cards ₹655.20 62,352 28.8 20,712 2,166 28.8% 10.5% 11.1% 13.1% 7.4% 14.0%
10 HDBFS HDB FINANCIAL ₹670.85 55,577 20.2 18,902 2,761 31.0% 14.6% — — 10.6% 38.3%
11 PIRAMALFIN PIRAMAL FINANCE ₹2,256.00 53,275 — — — — — — — — —
12 SUNDARMFIN Sundaram Finance ₹4,700.00 51,802 23.4 10,164 2,220 23.7% 21.8% 15.2% 9.5% 12.8% 33.9%
13 M&MFIN Mahindra & Mahindra ₹356.50 49,540 15.2 21,808 3,259 14.7% 14.9% 13.9% 26.5% 14.1% 75.3%
14 POONAWALLA Poonawalla Fincorp ₹444.00 38,888 34.7 8,900 1,088 15.8% 12.2% 60.9% 652.7% 70.1% 405.2%
15 HUDCO Housing and Urban ₹172.35 34,503 8.1 14,119 4,255 19.2% 30.1% 28.8% 48.9% 26.9% 35.1%
16 IREDA Indian Renewable ₹111.71 31,382 16.0 8,628 1,964 9.8% 22.8% 23.4% 10.3% 14.8% 36.8%
17 MANAPPURAM Manappuram Finance ₹329.00 30,904 20.9 10,300 1,445 16.2% 14.0% -5.5% -17.5% 34.2% 341.4%
18 CHOLAHLDNG Cholamandalam Financial ₹1,539.00 28,899 10.8 41,410 6,015 18.6% 14.5% 18.3% 15.7% 19.5% 42.0%
19 CGCL Capri Global ₹265.50 25,545 22.7 5,318 1,128 22.2% 21.2% 45.9% 98.4% 57.3% 102.0%
20 IIFL IIFL Finance ₹600.00 25,517 — — — — — 30.8% 214.4% 28.4% 92.6%
21 CREDITACC CreditAccess Grameen ₹1,403.30 22,489 18.6 6,383 1,211 31.9% 19.0% 5.3% 46.5% 21.9% 719.7%
22 IFCI IFCI ₹82.67 22,274 96.0 2,043 432 32.0% 21.2% 3.2% 24.7% -19.6% -3.5%
23 KISSHT OnEMI Technology ₹361.35 6,406 — — — — — — — 44.6% 58.5%
❓ Frequently asked questions
What was Indian Railway Finance Corporation Limited's total income in Q2 FY27?
Indian Railway Finance Corporation Limited reported total income of ₹7,924 crore for the quarter ended September 2026 (Q2 FY27), up 24.4% from ₹6,372 crore in the same quarter last year, and down 5.6% sequentially over the June 2026 quarter.
What was Indian Railway Finance Corporation Limited's net profit in Q2 FY27?
Net profit rose 10.2% year-on-year to ₹1,958 crore, from ₹1,777 crore. Earnings per share (EPS) came in at ₹1.50.
What is IRFC's market capitalisation and P/E ratio?
At the current price of ₹80.25, IRFC has a market capitalisation of ₹104,875 crore and a trailing P/E of about 14.2.
Who owns Indian Railway Finance Corporation Limited? (shareholding pattern)
As of Sep 2026, promoters held 82.90%, foreign institutional investors (FIIs) 1.15%, domestic institutional investors (DIIs) 3.97%, public shareholders 11.98% of Indian Railway Finance Corporation Limited.
TTM ends 2026-09-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI