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IRFC Posts Second-Highest Profit as Diversification Lifts Margins, Sanctions Surge

Executives cite a deliberate shift beyond rail projects as the driver of resilient growth.

Overview

  • Net profit rose 10.2% year-on-year to Rs 1,776.98 crore in Q2 FY26, with half-year PAT up 10.45% to Rs 3,522.67 crore.
  • Revenue stood at Rs 6,371.91 crore for the quarter and Rs 13,290.15 crore for the first half, per company disclosures.
  • Assets under management reached Rs 4.62 lakh crore as lending expanded into renewables, energy transmission, coal mining and industrial projects with limited fresh business from Indian Railways.
  • New sanctions totaled Rs 45,382 crore in H1, about nine times the level a year earlier, reflecting the broadened mandate.
  • Net interest margin improved to 1.55% as net worth hit a record Rs 56,193.85 crore and the board declared a record interim dividend of Rs 1.05 per share, with management highlighting a zero‑NPA record and prudent liability management.