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India
Reported ownership for FY2027-Q2 as of 2026-09-30.
As of 06 Nov 2026, 03:30 pm
On 22 October 2026, IRFC declared an interim dividend of ₹1.15 per share for equity holders. The record date for this payout is set as 23 October 2026. The company's face value remains at ₹100,000.
Yes. On 23 October 2026, the Assistant Commissioner of State Tax, Delhi Zonal Unit, recorded a nil demand against IRFC. This order dropped an earlier show-cause notice (SCN) received on 24 August 2026 under Section 73 of the CGST Act, which had sought ₹549.32 crores.
As of 6 November 2026, IRFC's stock closed at ₹80.43. Over the trailing one-year period, the stock has declined by -33.1%. Year-to-date returns stand at -36.1%, with a current drawdown of -47.7% from its peak.
Technical indicators suggest a bearish trend across daily, weekly, and monthly timeframes. Immediate resistance lies near ₹80.74, while support is observed around ₹79.82. The stock's annualized volatility is +31.1%, indicating significant price fluctuation risk.
As of 06 Nov 2026, 03:30 pm
Showing 3 of 6 candles
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Income | ₹6,371.91 crore | PEAK₹8,391.34 crore | ₹7,924.46 crore |
| Revenue From Operations | ₹6,371.89 crore | PEAK₹8,261.11 crore | ₹7,866.41 crore |
| Expenses | ₹4,594.93 crore | PEAK₹6,464.13 crore | ₹5,965.98 crore |
| Finance Costs | ₹4,544.42 crore | PEAK₹6,421.04 crore | ₹5,917.08 crore |
| Impairment On Financial Instruments | PEAK₹4.02 crore | -₹1.09 crore | -₹44 lakh |
| Profit Before Exceptional Items And Tax | ₹1,776.98 crore | ₹1,927.21 crore | PEAK₹1,958.48 crore |
| Interest Earned | PEAK₹2,829.17 crore | ₹1,147.56 crore | ₹717.88 crore |
| Other Income | ₹2 lakh | PEAK₹130.23 crore | ₹58.05 crore |
Exchange disclosures and regulatory announcements for Indian Railway Finance Corporation.
SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 1.15 PER SHARE |FACE VALUE:100000 |RECORD DATE:23-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-
On 23 October 2026, the Assistant Commissioner of State Tax, Delhi Zonal Unit, passed an order recording nil demand against Indian Railway Finance Corporation Limited (IRFC) on an earlier show cause notice issued under Section 73 of the Central Goods and Services Tax Act, 2017. The earlier SCN, received on 24 August 2026 and amounting to ₹549.32 crores, was dropped.
The Assistant Commissioner of State Tax, Delhi Zonal Unit, passed an order on 23 October 2026 recording nil demand against Indian Railway Finance Corporation Limited (IRFC) in connection with an earlier show-cause notice (SCN) under Section 73 of the Central Goods and Services Tax Act, 2017. The SCN, received on 24 August 2026, sought ₹549.32 crore; the order dropped it.
The Assistant Commissioner of State Tax, Delhi Zonal Unit, issued an order on 23 October 2026 recording nil demand and dropping the earlier show cause notice (SCN) of ₹549.32 crores. IRFC reported this development in continuation of its 24 August 2026 intimation.
SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 1.15 PER SHARE |FACE VALUE:100000 |RECORD DATE:23-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-
SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 1.15 PER SHARE |FACE VALUE:100000 |RECORD DATE:23-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-
SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 1.15 PER SHARE |FACE VALUE:100000 |RECORD DATE:23-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-
IRFC submitted the transcript of its earnings conference call held on 16 October 2026 to discuss unaudited results for the quarter and half year ended 30 September 2026. In the call, management reported H1 revenue growth of more than 20% and profit after tax (PAT) growth of more than 10%, and said five of the last six quarters had double-digit PAT growth. Management reiterated its FY27 target of approximately ₹5 lakh crore AUM and guidance to exceed FY26 disbursements; it also described prospective railway and non-railway financing activity. The filing is a routine transcript submission, but the transcript contains substantive financial and business updates.
Recent market and company developments associated with Indian Railway Finance Corporation.
The Economic Times provides live NSE and BSE share price updates for Indian Railway Finance Corporation (IRFC), alongside access to its latest news, headlines, and quick analysis. The platform also offers detailed financial data including forecasts, quarterly results, dividend information, and balance sheet metrics for the entity.
LTM, IRFC, Modison and Tech Mahindra announced FY27 interim dividends, while Tech Mahindra also proposed a 1:1 bonus issue. Azad India Mobility set October 23, 2026, as the record date for its proposed 1:5 stock split. Investors must hold eligible shares before the relevant record dates.
As many as 13 stocks, including Tech Mahindra, VRL Logistics, JSW Dulux among others will see record dates for their dividends, stock splits and share buybacks this week. Details follow in the story.
Several companies have upcoming corporate actions between October 19 and 25. Titan Biotech announced a bonus share issue, while VRL Logistics set October 22 as the record date for its share buyback. Other companies have scheduled dividend, stock split and bonus share record dates.
Around 19 companies including LTIMindtree, Tech Mahindra, IRFC, HDB Financial Services, and Angel One have fixed their record dates for dividends, stock splits, and bonus issues during the week of October 19-23. Investors must hold shares in their demat accounts by the record date to qualify.
Stock market outlook: Sumeet Bagadia of Choice Broking believes the Indian stock market bias has improved and buying at lower levels is visible
Dividend payouts announced by 11 companies range from ₹0.50 to ₹30 per share, with record dates scheduled for October 21–23, 2026. ICICI Prudential Asset Management Company offers the highest payout. Record dates and settlement rules determine eligibility.
IRFC reported a 10% year-on-year rise in Q2FY27 net profit to ₹1,958.48 crore, while quarterly revenue reached ₹7,866.41 crore. Its board approved a record interim dividend of ₹1.15 per share, with October 23, 2026, set as the record date.
Comprehensive Section Breakdown for Indian Railway Finance Corporation
Indian Railway Finance Corporation (IRFC) reported standalone profit before tax of ₹1,958.48 crore for the quarter ended 30 September 2026, up 1.6% from the June quarter. Revenue from operations fell 4.8% sequentially to ₹7,866.41 crore, while total expenses declined by more, supporting the increase in profit. Compared with the September 2025 quarter, revenue and profit were higher, but finance costs also rose substantially.
Revenue from operations was ₹7,866.41 crore, down from ₹8,261.11 crore in the June quarter. Total income declined 5.6% sequentially to ₹7,924.46 crore. Interest earned fell 37.4% to ₹717.88 crore, and other income was ₹58.05 crore.
Against the September 2025 quarter, revenue from operations increased 23.5%, from ₹6,371.89 crore. Total income rose 24.4% from ₹6,371.91 crore, while profit before tax increased 10.2% from ₹1,776.98 crore. Basic earnings per share was ₹1.50, up from ₹1.47 sequentially and ₹1.36 a year earlier.
Finance costs declined 7.8% sequentially to ₹5,917.08 crore, from ₹6,421.04 crore. Total expenses fell 7.7% to ₹5,965.98 crore. The ₹498.15 crore reduction in expenses exceeded the ₹466.88 crore decline in total income, accompanying the increase in profit before tax.
Year on year, finance costs increased 30.2% from ₹4,544.42 crore, while total expenses rose 29.9% from ₹4,594.93 crore. Impairment on financial instruments was a net reversal of ₹44 lakh, compared with a net reversal of ₹1.09 crore in the June quarter.
At 30 September 2026, loans stood at ₹4,02,930.71 crore, down 4.0% from ₹4,19,891.53 crore at 30 June. Cash and cash equivalents rose to ₹29,946.38 crore from ₹211.31 crore. Borrowings declined to ₹1,72,258.15 crore from ₹1,73,767.34 crore, and debt securities fell to ₹2,59,224.68 crore from ₹2,62,703.05 crore.
Total assets increased 2.2% to ₹5,27,976.59 crore. Equity rose 6.7% to ₹60,573.35 crore, including an increase in other equity to ₹47,504.84 crore from ₹43,680.25 crore.
Management attributes its outlook to a diversification strategy spanning metro rail, Dedicated Freight Corridors, High-Speed Rail, rapid rail, ports, power and renewable energy, and says IRFC is well-positioned to sustain momentum in margins and profitability through the remainder of FY 2026-27. It also says the company is gearing up to meet substantial financing requirements for newly sanctioned freight corridors, high-speed rail corridors, national port expansion and renewable energy projects with power purchase agreements with Indian Railways. Management describes zero NPA as a sound business proposition and states that it remains committed to its zero-NPA track record while upholding prudent risk management.
IRFC’s profit increased modestly from the June quarter as expenses fell more than total income, while revenue also eased. Year on year, profit and revenue grew, alongside a sharper rise in finance costs. The smaller loan balance, much higher quarter-end cash position and increase in equity are notable balance-sheet changes; the contrast between sequential profit growth and lower income remains central to the quarter’s results.
Strategic Vision: Finances Indian Railways' rolling stock and infrastructure projects.
Category: Financial Services
Raises capital through bonds, term loans, and external commercial borrowings to finance rolling stock and railway infrastructure projects for the Ministry of Railways.
Core Thesis: Acts as a pass-through entity between capital markets and Indian Railways, channeling funds for essential railway development.
• Capital Raising: Accesses domestic and international financial markets through bonds, term loans, and external commercial borrowings. • On-Lending to Indian Railways: Lends raised funds to the Ministry of Railways under lease and loan structures for asset acquisition and project financing. • Asset Financing: Finances rolling stock assets via sale-and-lease-back arrangements and infrastructure projects through direct loans.
• Dedicated financing arm for Indian Railways' infrastructure and rolling stock needs.