Indian Railway Finance Corporation financials

·Banking & FinanceChart ›
Latest results Q2 FY27 · Jul–Sep 2026
Total income
₹7,924cr+24.4% on Q2 FY26
Net interest income
−₹5,199cr−₹1,715 cr in Q2 FY26
Net profit
₹1,958cr+10.2% on Q2 FY26
EPS
₹1.50+10.3% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Total income7,9246,372+24.4%
Net interest income−5,199−1,715—
Net profit1,9581,777+10.2%
EPS₹1.50₹1.36+10.3%

Over time

Q2 FY27 · Jul–Sep 2026latest
Total income₹7,924 crNet profit₹1,958 crNet interest margin−3.9%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
97,530————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
30,36427,33827,15626,65623,933
—+0.7%+1.9%+11.4%—
−15,596−10,465−12,775−11,278−9,900
—+18.1%−13.3%−13.9%—
−2.1%−2.1%−2.6%−2.3%−2.1%
2.7%2.7%2.4%2.2%2.3%
0.1%0.1%0.0%0.0%0.0%
7,3727,0096,5026,4126,337
—+7.8%+1.4%+1.2%—
₹5.64₹5.36₹4.98₹4.91₹4.85
—+7.8%+1.4%+1.2%—
12.8%12.8%12.8%13.6%14.7%
1.4%1.4%1.3%1.3%1.4%
Balance sheet
4,02,9314,19,8925,1724,9452,50,080
—+8,019.2%+4.6%−98.0%—
4,36,4704,36,4704,12,1294,12,0324,18,929
7.69×7.69×7.83×8.38×9.21×
9.10×9.10×9.28×9.86×10.80×
Open the chart

From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

IRFC₹74.63

Indian Railway Finance Corporation Ltd.

· Banking & Finance
₹ CrorePeersPFCRECLTDHUDCOHDFCAMCTATACAPBAJAJHLDNGMUTHOOTFINCHOLAFINMcap ₹97,530 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————97,530.3
Total Income23,932.626,655.927,156.427,338.130,363.7
Growth %, YoY—+11.4+1.9+0.7—
Net Interest Income-9,899.9-11,277.6-12,775.4-10,465.4-15,595.8
Growth %, YoY—-13.9-13.3+18.1—
NIM %, on assets-2.10-2.31-2.62-2.08-2.08
Cost to Income %2.332.232.382.722.72
Credit Cost %, on avg loans0.000.000.010.060.06
Net Income6,337.06,412.16,502.07,009.27,372.2
Growth %, YoY—+1.2+1.4+7.8—
EPS, Adj (current shares)4.854.914.985.365.64
Growth %, YoY—+1.2+1.4+7.8—
ROE %14.6613.5512.7712.8112.81
ROA %1.351.311.341.391.39
Balance Sheet
Loans2,50,080.14,944.55,171.64,19,891.54,02,930.7
Growth %, YoY—-98.0+4.6+8,019.2—
Total Borrowings4,18,929.34,12,032.14,12,129.44,36,470.44,36,470.4
Debt/Equity ×9.218.387.837.697.69
Leverage (Assets/Equity) ×10.809.869.289.109.10
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · StandaloneFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

IRFC financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Indian Railway Finance Corporation (NSE: IRFC) had a market capitalisation of ₹98,942 crore at the 29 October 2026 close (₹75.71 a share), a PE ratio of 13.4 on the last four quarters' profit and a price-to-book ratio of 1.63. In FY26 its consolidated net profit was ₹7,009 crore on revenue of ₹27,285 crore; in Q2 FY27 (July–September 2026) it was ₹1,958 crore, up 10.2% year on year. Promoters held 82.90% of the shares on 30 September 2026.

IRFC Q2 FY27 results
filed 15 October 2026
Share price used
₹75.71 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

IRFC at a glance · consolidated

Market cap
₹98,942 Crat ₹75.71 · 29 Oct close
PE ratio (last 4 quarters)
13.414.1 on FY26 profit
Price to book (PB)
1.63book value ₹46.35 a share
ROE (FY26)
12.8%
Debt to equity
7.12net debt ₹4,00,730 Cr
Promoter holding
82.90%unchanged vs 30 Jun 202630 September 2026
Dividend yield
2.91%₹2.20 a share in 12 months
Net worth
₹60,573 Cr+7.8% vs 30 Sep 202530 September 2026
EPS (FY26)
₹5.36

Questions

What is the IRFC PE ratio today?

IRFC's PE ratio is 13.4 at the 29 October 2026 close (₹75.71 a share): a market capitalisation of ₹98,942 crore divided by consolidated net profit of ₹7,372 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹7,009 crore) it is 14.1.

What is the IRFC debt to equity ratio?

IRFC's debt-to-equity ratio was 7.12 on 30 September 2026: borrowings, debt securities, deposits and subordinated debt of ₹4,31,483 crore against total equity of ₹60,573 crore. A year earlier, on 30 September 2025, it was 7.25.

What is the IRFC net worth?

IRFC's net worth — shareholders' equity in its consolidated balance sheet — was ₹60,573 crore on 30 September 2026, up 7.8% from ₹56,194 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹98,942 crore at the 29 October 2026 close.

What is the IRFC PB ratio (price to book value)?

IRFC's price-to-book (PB) ratio is 1.63 at the 29 October 2026 close: a market capitalisation of ₹98,942 crore divided by shareholders' equity (book value) of ₹60,573 crore on 30 September 2026. That is a book value of ₹46.35 per share against a share price of ₹75.71.

What is the IRFC book value per share?

IRFC's book value per share was ₹46.35 on 30 September 2026: shareholders' equity of ₹60,573 crore divided by the 1,306.85 crore shares in issue, up 7.8% from ₹43.00 a year earlier. The share price at the 29 October 2026 close was ₹75.71.

What is the IRFC dividend yield?

IRFC's dividend yield is 2.91% at the 29 October 2026 close: dividends of ₹2.20 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹75.71. They were ₹1.15 on 23 October 2026 (interim) and ₹1.05 on 13 March 2026 (interim).

What is the IRFC market cap?

IRFC's market capitalisation was ₹98,942 crore at the 29 October 2026 close: 1,306.85 crore shares at ₹75.71 each.

What is the IRFC ROE?

In FY26, IRFC's return on equity (ROE) was 12.8%. ROE is net profit divided by average shareholders' equity (the start and end of the year).

What is the IRFC EPS?

IRFC's basic earnings per share (EPS) were ₹5.36 in FY26, against ₹4.98 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹5.64.

What is the IRFC dividend in 2026 and its record date?

In 2026, IRFC has declared two dividends totalling ₹2.20 a share: ₹1.05 (interim) with record date 13 March 2026 and ₹1.15 (interim) with record date 23 October 2026.

What are the IRFC latest quarterly results?

IRFC's latest results are for Q2 FY27 (July–September 2026), filed on 15 October 2026: consolidated net profit ₹1,958 crore, up 10.2% from ₹1,777 crore in Q2 FY26; revenue from operations ₹7,866 crore, up 23.5% year on year.

What is the IRFC revenue and profit in FY26?

In FY26 (April 2025–March 2026), IRFC's consolidated net profit was ₹7,009 crore, up 7.8% from ₹6,502 crore in FY25, on revenue from operations of ₹27,285 crore (up 0.5%). Over three years, from FY23, net profit was up 10.6%.

What is the IRFC promoter holding?

Promoters held 82.90% of IRFC on 30 September 2026, unchanged from the previous quarter and down 3.46 percentage points from 86.36% a year earlier, according to the shareholding pattern filed with NSE.

When are the IRFC next results?

IRFC has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

How does the IRFC PE ratio compare with its peers?

At the 29 October 2026 closing prices, on FY26 net profit, IRFC's PE ratio is 14.1, the highest of the four: PFC 4.1, REC 4.8 and HUDCO 7.3, a peer average of 5.4. Each is the company's market capitalisation at that price divided by its FY26 net profit.

What is the IRFC shareholding pattern?

On 30 September 2026, IRFC's shares were held by promoters 82.90%, foreign portfolio investors (FII/FPI) 1.15%, domestic institutions (DII) 3.97% (including mutual funds at 0.34%) and retail and other non-institutional investors 11.98%. Over the year, FII holding was up 0.18 percentage points from 0.97% and DII holding was up 2.48 percentage points from 1.49%.

How does IRFC compare with its peers?

On FY26 consolidated figures, against PFC, REC and HUDCO: IRFC's return on equity of 12.8% is the lowest of the four (PFC 20.7%, REC 20.0%, HUDCO 20.2%; peer average 20.3%); its revenue growth over three years of 4.5% a year is the lowest of the four (PFC 14.2% a year, REC 14.7% a year, HUDCO 22.9% a year; peer average 17.3% a year).

IRFC vs PFC: how do they compare?

In FY26, IRFC earned net profit of ₹7,009 crore on revenue of ₹27,285 crore, against ₹25,901 crore on ₹1,15,444 crore for PFC. At the 29 October 2026 close, IRFC's market capitalisation was ₹98,942 crore against ₹1,05,801 crore for PFC, and its PE ratio on FY26 profit 14.1 against 4.1.

Where do these IRFC figures come from?

From Indian Railway Finance Corporation's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.