New Delhi: Navratna CPSE Indian Railway Finance Corporation (IRFC) on Tuesday reported its quarterly financial results and recorded double-digit growth in Profit After Tax (PAT) and also recorded decent growth in revenue in comparison to corresponding period of previous year.
In the Results, IRFC reported its strongest-ever quarterly performance in Q1 FY2025–26, registering record earnings across key financial indicators including revenue, profitability, and net worth.
During the period ending 30th June 2025, the company reported total income of Rs.6918.24 cr vis-à-vis Rs. 6766.03 cr reported in corresponding period last year. This is highest ever total income reported for a quarter in the history of IRFC.
The PAT for the quarter ended 30th June 2025 grew by 10.71% and stands at Rs.1745.69 cr as against Rs.1576.83 cr reported in corresponding period of the previous year. This is also highest ever PAT for a quarter in the history of IRFC.
Net interest margin improved to 1.53% (annualized), the best in the last three years, reflecting stronger lending spreads and tighter cost management. The firm also reported a book value of ₹41.65 per share. IRFC’s net worth now stands at ₹ 54,423.96 crore, marking the highest level recorded since its inception.
Commenting on the results, Manoj Kumar Dubey, Chairman and Managing Director of IRFC, said, “Our performance this quarter reflects the robustness of IRFC’s financial strategy and its critical role in advancing the infrastructure goals of Indian Railways. As the sector undergoes unprecedented transformation, we are committed to driving financial innovation and maintaining operational excellence.”
Additionally, the company’s debt-to-equity ratio improved further to 7.44, highlighting a healthier balance sheet. It also retained the lowest overhead cost in the industry, reinforcing its reputation for operational efficiency. Importantly, IRFC reported a continued streak of zero non-performing assets (NPA), maintaining a clean loan book.
CMD Shri Dubey further added, “We continue to secure the very attractive cost of capital within the ecosystem of NBFC and true to our ethos we are sharing this benefit directly with our customers. The competitive edge with very low overhead cost coupled with Zero NPA and stable cashflows sets us apart in the industry, ‘not just in pricing but in creating true partnership.”
This financial disclosure marks the first full quarter since IRFC was granted Navratna status by the Government of India. The elevation, which took place earlier this year, affords the company enhanced autonomy and strategic flexibility in operations and investments.
The Q1 results indicate both stability and strategic direction for IRFC amid continued public investment in rail infrastructure. While the company has traditionally played a backstage financing role for the Indian Railways, the record-breaking quarter and new institutional partnerships suggest a broadening of scope and ambition, with Railway Eco-system.
In IRFC 2.0, Company is well on the growth path with proliferation of assets in the whole of railway ecosystem with backward and forward linkage to railway centric project.
BI Bureau
