Indian Railway Finance Corporation Ltd

Quick check

The five things to look at first. Open one for more.

• DebtHighest safetyRated AAA by ICRA.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 23% and profit rose 10% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersPromoters sellingThe promoters (founders or parent) own 83%, down from 86% in Sep 2025.
• ValuationNormal for this stockThe share trades at 13.2 times its yearly earnings (P/E), cheaper than 63% of the time in the last 5 years. Its usual P/E is about 16.

Indian Railway Finance Corporation Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)13.2 against a typical 13.8: cheaper than most peers (1st = cheapest).4th of 8
• Sales growth+23.4% against a typical +14% from a year earlier.3rd of 7
• Profit growth+10.2% against a typical +0.9% from a year earlier.3rd of 7
• Share price, 3 months−16.3% against a typical −19.9%.2nd of 8

Exchange filings and their impact on the company.

• 22 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesMedium impactPositivePrice −3.3% on 23 Oct
  IRFC guides to beat last year's Rs 35,000 cr disbursements and hit ~Rs 5 lakh cr AUM with ~10% profit growth on higher-margin diversification.

  IRFC held its Q2 and H1 FY27 earnings call on 16 Oct 2026, reporting H1 revenue up over 20% and profit up over 10%, with Q2 profit of Rs 1,958 cr. Management said FY27 disbursements will surpass last year's Rs 35,000 cr in metros, ports, renewable and thermal power, taking loan assets to near Rs 5 lakh crore by March 2027. It said non-railway loans earn 2-3.5 times the 35 bps railway margin at a 6.55% funding cost, supporting near 10% annual profit growth, with a larger Rs 20 lakh crore railway pipeline from FY28 onwards.

  Full analysisFiling
• 15 Oct 2026Outcome of Board MeetingHigh impactPositivePrice −1.1% that day
  Record H1 with 21% revenue and 10% profit growth plus record Rs 1.15 dividend signals sustained double-digit growth.

  IRFC reported its highest-ever H1 results for the half year ended September 2026, with total income of Rs 16,315.80 crore, up 22.77%, and PAT of Rs 3,885.69 crore, up 10.31%. Q2 PAT was Rs 1,958.48 crore, up 10.21%. Net worth hit a record Rs 60,573.35 crore, the company maintained zero NPAs, and the board declared a record interim dividend of Rs 1.15 per share with record date 23 October 2026.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Manoj Kumar Dubey

Chairman of the Board, Chief Executive Officer, Managing Director

Randhir Sahay

Chief Financial Officer, Director - Finance, Executive Director

Vijay Babulal Shirode

Compliance Officer, Company Secretary

Ranjay Choudhary

Executive Director-Finance