New Delhi, Oct. 15 -- IRFC, the Navratna Public Sector Enterprise of the Ministry of Railways, declared a new record half-yearly profit of Rs 3,885.69 crore for the first six months of fiscal 2026-27, up 10.31 per cent from Rs 3,522.67 crore in the corresponding period in FY 2025-26. The total income of the corporation increased by 22 per cent to Rs 16,315 crore from April to September, compared to Rs 13,290.15 crore a year ago.
As per the officials, the financial performance is in line with the success of IRFC's railway-based diversification policy, which has seen the company increasing its finance portfolio from lending to Indian Railways to the allied infrastructural sectors. IRFC also has registered a record-high net worth at Rs 60,573.35 crore as on September 30, compared to Rs 56,748.76 crore at the end of March 2026.
For the quarter ending September, IRFC reported a PAT of Rs 1,958 crore, registering a growth of approximately 10 per cent over Rs 1,776.98 crore recorded in the same quarter of FY 2025-26. The annualised net interest margin for the quarter was 1.50 per cent, with management justifying the improvement in business performance due to an increasing contribution of railway-related ventures and allied industries.
The company's board of directors announced an interim dividend of Rs 1.15 per share, the highest ever paid by the company in one instalment.
IRFC Chairperson and MD Manoj Kumar Dubey remarked that the period between April and September had been significant not just in terms of financials but also of institutional strengthening and governance. Dubey added that the financial statements of the company for FY 2025-26 have been cleared with a zero comment from Comptroller and Auditor General of India.
IRFC, according to Dubey, has been able to continue building its workforce capacity in relation to its growing business operations and diversification. Following its IRFC 2.0 strategy, IRFC is trying to expand itself within the infrastructure ecosystem connected to rail while practicing fiscal responsibility and managing risks carefully.
The company sustained its zero NPA position for the quarter, despite expanding its credit portfolio within the railway-related and allied infrastructure sectors. Dubey characterised the zero NPA position as a good business model rather than a mere status symbol.
In the years to come, IRFC plans to lend to new infrastructure needs such as newly approved Dedicated Freight Corridors, high-speed rail corridors, national port expansions, and renewable energy initiatives with power purchase agreements from Indian Railways.
Other than that, the company's future lending agenda will include metro rails, rapid rail, power projects, and other infrastructure projects. This will be in line with the overall national approach by IRFC for funding development in the country.
Officials asserted that with increased demand for infrastructure funding and new infrastructure financing prospects, IRFC intends to remain profitable while keeping asset quality. They also claimed that IRFC's diversification strategy is expected to play a pivotal role in its growth prospects, with its lending activities linked to the country's infrastructure development benchmark.
Published by HT Digital Content Services with permission from Millennium Post.