Indian Railway Finance Corporation (IRFC), a Navratna CPSE under the Ministry of Railways, has reported its highest-ever profit after tax (PAT) driven by strategic diversification and improved margins.

For the quarter ended 30 September 2025, IRFC posted a PAT of Rs 17,769.8 million, a 10.19 per cent increase from Rs 16,126.5 million in the same quarter last year. For the half-year, PAT rose 10.45 per cent year-on-year to Rs 35,226.7 million. Total income stood at Rs 63,719.1 million for Q2 and Rs 132,901.5 million for the half-year, supported by effective liability management and steady asset quality.

Assets Under Management (AUM) reached Rs 462,000 million, despite the absence of new business from Indian Railways in recent years—reflecting the success of proactive diversification. Net worth and earnings per share (annualised) reached record highs at Rs 561,938.5 million and Rs 5.39 respectively.

During the first half, IRFC sanctioned and executed new business agreements worth Rs 453,820 million across railway-linked sectors such as renewable energy, power transmission, coal mining, and industrial infrastructure—a ninefold increase from the previous year. The company’s Net Interest Margin (NIM) improved to 1.55 per cent (annualised), highlighting the strength of its diversified portfolio.

The Board also declared the highest-ever interim dividend, underscoring IRFC’s commitment to shareholder value. Commenting on the results, Manoj Kumar Dubey, Chairman and Managing Director, said the performance reflects IRFC’s resilience and ability to evolve with changing financing dynamics. “Our diversification strategy is yielding tangible results with improved NIMs, zero NPA record, and growing profitability. IRFC continues to play a pivotal role in enabling railway-linked infrastructure growth while maintaining financial prudence and stakeholder trust,” he added.