Indian Railway Finance Corporation reported its highest-ever quarterly profit of ₹1,802.19 crore for the third quarter ended December 31, 2025, marking a 10.52 per cent year-on-year increase. The Navratna public sector enterprise achieved its full-year sanction guidance of ₹60,000 crore within nine months, three months ahead of schedule.
For the nine-month period, profit after tax stood at ₹5,324.86 crore, up 10.47 per cent from ₹4,820.13 crore in the corresponding period last year. Net interest margin improved by over 8 per cent year-on-year, supported by diversified lending and disciplined liability management under the company’s IRFC 2.0 strategy.
Assets under management reached a record ₹4.75 lakh crore as of December 31, 2025, the highest in the company’s history, despite no fresh business from Indian Railways during the period. The growth was driven by diversification initiatives into allied infrastructure segments.
IRFC’s disbursement target of ₹30,000 crore for the year remains on track, with three-fourths already disbursed by the end of Q3. During the quarter, the company completed a ₹9,821 crore refinancing of DFCCIL’s World Bank loan, replacing foreign currency exposure with rupee financing.
The company maintained its zero non-performing asset record and reported net worth of ₹56,625.41 crore with annualised earnings per share of ₹5.43. IRFC secured JPY 46.458 billion in external commercial borrowing from Sumitomo Mitsui Banking Corporation, its first international commercial borrowing after a multi-year pause.
The shares of Indian Railway Finance Corporation Limited ended at ₹120.35 down by ₹1.84 or 1.51 per cent on the NSE on Monday.