Indian Railway Finance Corporation Q4 FY26 Results: Profit Flat At ₹1,684 Crore
- By Kotak News Desk
- 15 May 2026 at 9:32 AM IST
- Market News
- 4m
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IRFC did not announce a fresh final dividend in its Q4 FY26 results. However, the company disclosed interim dividend payouts worth ₹2,744.39 crore during FY26 under financing activities.
State-owned Indian Railway Finance Corporation (IRFC) announced its March quarter earnings on Thursday, May 14, triggering sharp fluctuations in the stock price. The company’s interest income increased to ₹2,901.9 crore in Q4FY26, compared with ₹1,969.62 crore in the corresponding period last year.
Quarterly net profit remained largely unchanged at ₹1,684 crore versus ₹1,682 crore a year earlier.
IRFC shares were down by 1.27% to reach ₹100.19 on the National Stock Exchange at the close of the day on 14 May 2026. The stock has declined around 20% so far this year and remains more than 50% below its record high of ₹229.
Key Financial Highlights
Revenue from Operations | ₹7,335.75 crore | ₹6,722.83 crore | 9.12% |
Total Income | ₹7,328.68 crore | ₹6,723.80 crore | 9.00% |
Finance Costs | ₹5,524.43 crore | ₹4,996.37 crore | 10.60% |
Profit Before Tax (PBT) | ₹1,684.31 crore | ₹1,681.87 crore | 0.10% |
Total Comprehensive Income | ₹1,494.63 crore | ₹1,666.99 crore | -10.30% |
Earnings Per Share (EPS) | ₹1.29 | ₹1.29 | Flat |
Net Worth | ₹56,748.76 crore | ₹52,667.77 crore | 7.75% |
Debt-Equity Ratio | 7.69x | 7.83x | Improved |
Paid-Up Debt Capital | ₹4,36,470.39 crore | ₹4,12,129.60 crore | 5.90% |
Additional Highlights
Lease Income | ₹4,433.82 crore | ₹4,749.11 crore | -6.60% |
Impairment on Financial Instruments | ₹54.77 crore | ₹3.38 crore | +1,520.41% |
Employee Benefit Expense | ₹6.71 crore | ₹4.33 crore | 55.00% |
CSR Expenses | ₹45.51 crore | ₹51.39 crore | -11.40% |
Other Expenses | ₹11.01 crore | ₹5.17 crore | 112.90% |
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The company did not announce any fresh final dividend along with its Q4 FY26 earnings. However, IRFC disclosed that it paid interim dividends amounting to ₹2,744.39 crore during FY26 under financing activities.
Analysts noted that future performance would depend on factors such as railway capital expenditure plans, borrowing costs, diversification into non-railway infrastructure financing and improvement in lending spreads.
Source
Q4 Financial Highlight
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
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