Indian Railway Finance Corporation quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Total income	7,924	6,372	+24.4%
Net interest income	−5,199	−1,715	—
Net profit	1,958	1,777	+10.2%
EPS	₹1.50	₹1.36	+10.3%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
Revenue from operations													Earlier quartersEvery year the company has filed comes with Alpha Plus.
	718	1,148	2,902	2,311	2,829	1,497	1,970	2,011	1,921	1,819	2,141	2,335
	0.0	0.0	0.3	0.2	0.0	0.0	0.0	0.0	0.3	0.0	0.4	0.0
	7,149	7,114	—	—	3,543	—	—	—	—	—	—	—
	7,866	8,261	7,336	6,661	6,372	6,915	6,723	6,763	6,900	6,766	6,474	6,745
	58.1	130	−7.4	57.9	0.0	2.9	1.0	3.0	0.5	0.4	4.4	0.0
	7,924	8,391	7,329	6,719	6,372	6,918	6,724	6,766	6,900	6,766	6,478	6,745
	5,917	6,421	5,524	4,812	4,544	5,124	4,996	5,095	5,249	5,155	4,725	5,104
	−0.4	−1.1	54.8	59.1	4.0	6.1	3.4	0.5	0.5	−3.6	0.5	0.5
	7.3	5.1	6.7	5.3	5.6	3.7	4.3	3.6	2.9	2.6	2.6	3.1
	2.1	1.2	1.9	1.4	1.4	1.3	1.3	1.3	1.1	1.6	1.7	1.3
	40.0	38.0	56.5	39.2	39.6	37.0	36.6	35.2	34.3	33.7	31.1	31.8
	5,966	6,464	5,644	4,917	4,595	5,173	5,042	5,136	5,288	5,189	4,761	5,141
	−5,199	−5,273	−2,623	−2,501	−1,715	−3,627	−3,027	−3,085	−3,328	−3,336	−2,584	−2,769
	1,958	1,926	1,739	1,861	1,781	1,752	1,685	1,631	1,613	1,573	1,718	1,605
Profit
	1,958	1,927	1,684	1,802	1,777	1,746	1,682	1,631	1,613	1,577	1,717	1,604
	1,958	1,927	1,684	1,802	1,777	1,746	1,682	1,631	1,613	1,577	1,717	1,604
	1,958	1,927	1,684	1,802	1,777	1,746	1,682	1,631	1,613	1,577	1,717	1,604
	1,958	1,927	1,684	1,802	1,777	1,746	1,682	1,631	1,613	1,577	1,717	1,604
	−177	116	−190	1.6	−7.9	11.3	−14.9	−3.0	−10.1	12.3	11.8	6.6
	1,781	2,043	1,495	1,804	1,769	1,757	1,667	1,628	1,603	1,589	1,729	1,611
Per share
	₹1.50	₹1.47	₹1.29	₹1.38	₹1.36	₹1.34	₹1.29	₹1.25	₹1.23	₹1.21	₹1.32	₹1.23
	₹1.50	₹1.47	₹1.29	₹1.38	₹1.36	₹1.34	₹1.29	₹1.25	₹1.23	₹1.21	₹1.32	₹1.23
Other comprehensive income — detail
	−177	116	−190	1.6	−7.9	11.3	−14.9	−3.0	−10.1	12.3	11.8	6.6
	−3.3	4.0	−14.5	1.6	−7.9	11.3	−14.9	−3.0	−10.1	12.3	11.8	6.6
	−174	112	−175	—	—	0.0	—	—	—	—	—	—
Per share — as-filed variants
	₹1.50	₹1.47	₹1.29	₹1.38	₹1.36	₹1.34	₹1.29	₹1.25	₹1.23	₹1.21	₹1.32	₹1.23
	₹1.50	₹1.47	₹1.29	₹1.38	₹1.36	₹1.34	₹1.29	₹1.25	₹1.23	₹1.21	₹1.32	₹1.23
Regulatory disclosures — filed alongside, not part of the P&L
	14,115	—	26,071	—	17,287	—	15,268	—	—	—	—	—
Adjusted (ex-exceptional items) — derived
	1,958	1,927	1,684	1,802	1,777	1,746	1,682	1,631	1,613	1,577	1,717	1,604
	1,958	1,927	1,684	1,802	1,777	1,746	1,682	1,631	1,613	1,577	1,717	1,604
	₹1.50	₹1.47	₹1.29	₹1.38	₹1.36	₹1.34	₹1.29	₹1.25	₹1.23	₹1.21	₹1.32	₹1.23

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

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IRFC₹74.63

Indian Railway Finance Corporation Ltd.

· Banking & Finance

Annual Quarterly₹ CrorePeersPFC RECLTD HUDCO HDFCAMC TATACAP BAJAJHLDNG MUTHOOTFIN CHOLAFINMcap ₹97,530 Cr

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In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations
+ Interest Income	2,334.8	2,141.0	1,819.0	1,920.5	2,010.5	1,969.6	1,497.3	2,829.2	2,311.4	2,901.9	1,147.6	717.9
+ Dividend Income	0.0	0.4	0.0	0.3	0.0	0.0	0.0	0.0	0.2	0.3	0.0	0.0
+ Other Operating Revenue	—	—	—	—	—	—	—	3,542.7	—	—	7,113.6	7,148.5
Revenue from Operations	6,745.3	6,473.6	6,765.6	6,899.7	6,763.4	6,722.8	6,915.4	6,371.9	6,661.4	7,336.1	8,261.1	7,866.4
Other Income	0.0	4.4	0.4	0.5	3.0	1.0	2.9	0.0	57.9	-7.4	130.2	58.1
Total Income	6,745.3	6,478.0	6,766.0	6,900.2	6,766.4	6,723.8	6,918.2	6,371.9	6,719.2	7,328.7	8,391.3	7,924.5
Expenses
+ Finance Costs	5,104.3	4,724.7	5,154.9	5,248.7	5,095.1	4,996.4	5,124.4	4,544.4	4,812.0	5,524.4	6,421.0	5,917.1
+ Impairment on Financial Instruments	0.5	0.5	-3.6	0.5	0.5	3.4	6.1	4.0	59.1	54.8	-1.1	-0.4
+ Employee Benefit Expense	3.1	2.6	2.6	2.9	3.6	4.3	3.7	5.6	5.3	6.7	5.1	7.3
+ Depreciation & Amortisation	1.3	1.7	1.6	1.1	1.3	1.3	1.3	1.4	1.4	1.9	1.2	2.1
+ Other Expenses	31.8	31.1	33.7	34.3	35.2	36.6	37.0	39.6	39.2	56.5	38.0	40.0
Total Expenses	5,141.1	4,760.7	5,189.2	5,287.6	5,135.7	5,041.9	5,172.6	4,594.9	4,917.0	5,644.4	6,464.1	5,966.0
Net Interest Income	-2,769.5	-2,583.7	-3,335.9	-3,328.2	-3,084.5	-3,026.8	-3,627.1	-1,715.3	-2,500.6	-2,622.5	-5,273.5	-5,199.2
Pre-provision Operating Profit (derived)	1,604.7	1,717.8	1,573.2	1,613.1	1,631.1	1,685.3	1,751.8	1,781.0	1,861.3	1,739.1	1,926.1	1,958.0
Profit
PBT before Exceptional Items	1,604.2	1,717.3	1,576.8	1,612.7	1,630.7	1,681.9	1,745.7	1,777.0	1,802.2	1,684.3	1,927.2	1,958.5
Pretax Income	1,604.2	1,717.3	1,576.8	1,612.7	1,630.7	1,681.9	1,745.7	1,777.0	1,802.2	1,684.3	1,927.2	1,958.5
Net Income	1,604.2	1,717.3	1,576.8	1,612.7	1,630.7	1,681.9	1,745.7	1,777.0	1,802.2	1,684.3	1,927.2	1,958.5
+ Net Income — Continuing Ops	1,604.2	1,717.3	1,576.8	1,612.7	1,630.7	1,681.9	1,745.7	1,777.0	1,802.2	1,684.3	1,927.2	1,958.5
+ Other Comprehensive Income	6.6	11.8	12.3	-10.1	-3.0	-14.9	11.3	-7.9	1.6	-189.7	116.0	-177.1
Total Comprehensive Income	1,610.9	1,729.1	1,589.1	1,602.6	1,627.6	1,667.0	1,757.0	1,769.1	1,803.8	1,494.6	2,043.2	1,781.4
Per Share
Basic EPS	1.23	1.32	1.21	1.23	1.25	1.29	1.34	1.36	1.38	1.29	1.47	1.50
Diluted EPS	1.23	1.32	1.21	1.23	1.25	1.29	1.34	1.36	1.38	1.29	1.47	1.50
Other Comprehensive Income — detail
+ Other Comprehensive Income	6.6	11.8	12.3	-10.1	-3.0	-14.9	11.3	-7.9	1.6	-189.7	116.0	-177.1
+ Items NOT to be Reclassified to P&L	6.6	11.8	12.3	-10.1	-3.0	-14.9	11.3	-7.9	1.6	-14.5	4.0	-3.3
+ Items to be Reclassified to P&L	—	—	—	—	—	—	0.0	—	—	-175.2	112.0	-173.8
Per Share — as-filed variants
Basic EPS — Continuing Operations	1.23	1.32	1.21	1.23	1.25	1.29	1.34	1.36	1.38	1.29	1.47	1.50
Diluted EPS — Continuing Operations	1.23	1.32	1.21	1.23	1.25	1.29	1.34	1.36	1.38	1.29	1.47	1.50
Regulatory Disclosures — filed alongside, not part of the P&L
Related-party Transactions — During the Period	—	—	—	—	—	15,268.3	—	17,287.2	—	26,071.2	—	14,115.3
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	1,604.2	1,717.3	1,576.8	1,612.7	1,630.7	1,681.9	1,745.7	1,777.0	1,802.2	1,684.3	1,927.2	1,958.5
Net Income Adj (tax-effected)	1,604.2	1,717.3	1,576.8	1,612.7	1,630.7	1,681.9	1,745.7	1,777.0	1,802.2	1,684.3	1,927.2	1,958.5
EPS Adj	1.23	1.32	1.21	1.23	1.25	1.29	1.34	1.36	1.38	1.29	1.47	1.50
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Filed Debt Equity	9.00	8.00	8.00	8.00	8.00	7.83	7.44	7.25	7.38	7.69	7.43	7.12
Paid Up Equity Capital	13,068.5	13,068.5	13,068.5	13,068.5	13,068.5	13,068.5	13,068.5	13,068.5	13,068.5	13,068.5	13,068.5	13,068.5

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · 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 Q2 FY27 results (July–September 2026)

Filed with NSE on Thursday, 15 October 2026 at 3:20 pm IST

Indian Railway Finance Corporation (NSE: IRFC) reported its Q2 FY27 results (July–September 2026) on Thursday, 15 October 2026 at 3:20 pm IST. Consolidated net profit was ₹1,958 crore, up 10.2% from ₹1,777 crore in Q2 FY26 and up 1.6% from ₹1,927 crore in Q1 FY27. Revenue from operations was ₹7,866 crore, up 23.5% year on year and down 4.8% from the previous quarter.

Dividend record date: Friday, 23 October 2026
Q2 FY26 results (a year earlier): 15 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit: ₹1,958 Cr+10.2% vs Q2 FY26+1.6% vs Q1 FY27
Revenue from operations: ₹7,866 Cr+23.5% vs Q2 FY26−4.8% vs Q1 FY27
Earnings per share (basic): ₹1.50+10.3% vs Q2 FY26+2.0% vs Q1 FY27
Interim dividend: ₹1.15 a shareRecord date 23 October 2026
Net profit margin: 24.9%−3.0 pts vs Q2 FY26+1.6 pts vs Q1 FY27

Questions

What was IRFC's net profit in Q2 FY27?

Consolidated net profit was ₹1,958 crore, up 10.2% from ₹1,777 crore in Q2 FY26 and up 1.6% from ₹1,927 crore in Q1 FY27.

What was IRFC's revenue in Q2 FY27?

Revenue from operations was ₹7,866 crore, up 23.5% year on year and down 4.8% from the previous quarter.

How were IRFC's Q2 FY27 results?

Both grew from a year earlier: net profit was up 10.2% at ₹1,958 crore and revenue was up 23.5% at ₹7,866 crore. Against Q1 FY27, net profit was up 1.6% and revenue down 4.8%.

What was IRFC's EPS in Q2 FY27?

Basic earnings per share were ₹1.50, against ₹1.36 in Q2 FY26.

What is IRFC's net profit margin?

IRFC's net profit margin was 24.9% in Q2 FY27 (net profit as a share of revenue from operations), against 27.9% in Q2 FY26 (down 3.0 percentage points). For FY26 as a whole it was 25.7%.

When did IRFC announce its Q2 FY27 results?

On Thursday, 15 October 2026 at 3:20 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 15 October 2025.

What was IRFC's net profit in the first half of FY27?

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹3,886 crore, up 10.3% from ₹3,523 crore in the same months a year earlier. Revenue from operations was ₹16,128 crore, up 21.4%.

What was IRFC's net profit in FY26?

Consolidated net profit was ₹7,009 crore in FY26 (April 2025–March 2026), up 7.8% from ₹6,502 crore in FY25. It was ₹6,412 crore in FY24 and ₹6,337 crore in FY23: up 10.6% over three years, 3.4% a year on average.

What was IRFC's revenue in FY26?

Revenue from operations was ₹27,285 crore in FY26 (April 2025–March 2026), up 0.5% from ₹27,152 crore in FY25. It was ₹26,645 crore in FY24 and ₹23,892 crore in FY23: up 14.2% over three years, 4.5% a year on average.

How has IRFC's profit changed over the last four quarters?

Net profit by quarter: ₹1,802 crore in Q3 FY26, ₹1,684 crore in Q4 FY26, ₹1,927 crore in Q1 FY27 and ₹1,958 crore in Q2 FY27. That is ₹7,372 crore over the four quarters, up 7.9% from ₹6,835 crore in the four quarters before. Revenue from operations: ₹6,661 crore, ₹7,336 crore, ₹8,261 crore and ₹7,866 crore.

Did IRFC declare a dividend with its Q2 FY27 results?

Yes. The board declared an interim dividend of ₹1.15 per share on 15 October 2026. The record date is 23 October 2026.

When will IRFC announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these IRFC figures come from?

From Indian Railway Finance Corporation's own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 15 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.