# IRFC (IRFC) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/irfc

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹81.04
- Change: +2.18%
- As of: 2026-09-18
- 1D return: +2.76%
- 5D return: +0.52%
- 1M return: -5.75%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, IRFC's technical stance is predominantly bearish across daily, weekly, and monthly timeframes, with the current price of ₹81.5 trading below key moving averages and the Supertrend indicator on all observed periods. Daily analysis shows the price below the 20-day and 50-day Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), with negative slopes indicating downward momentum. The Average Directional Index (ADX) at 48.89 suggests a strong trend, further supported by the bearish Supertrend direction. This bearish trend is consistent on the weekly and monthly charts, where the price also remains below its respective EMAs, SMAs, and Supertrend. The stock has recently formed a "Hammer" and "Harami" pattern on the weekly chart and a "Morning Star" pattern on the daily chart, which can sometimes signal potential reversals, but the prevailing trend indicators remain bearish. Recent market activity includes two positive attention events and one downside event within the last 30 days.

The nearest support level is observed at ₹81.3, which is very close to the current price (0.25% below). Further support lies at ₹80.56 (1.15% below). Overhead resistance is noted at ₹101.14 (24.1% above) and ₹103.1 (26.5% above). The stock is currently trading near the lower end of its recent trading range, with its position in the 20-day range at 0.37 and in the 252-day range at 0.06. The annualized volatility stands at 31%, and the current drawdown is -0.47%, with a maximum drawdown of -0.49%, indicating significant risk.

Key watch conditions include monitoring the price action around the ₹81.3 support level. A sustained break below this level could signal further downside. Conversely, a strong upward move that surpasses the nearest resistance at ₹101.14 would be needed to challenge the prevailing bearish trend. The presence of reversal patterns like the "Morning Star" warrants attention for potential shifts, but confirmation from trend indicators and price action is crucial.

- Current price of ₹81.5 as of September 18, 2026, is below daily, weekly, and monthly Supertrend indicators, suggesting a bearish trend across timeframes.
- Nearest support is at ₹81.3 (0.25% below current price), with further support at ₹80.56 (1.15% below).
- Nearest resistance is at ₹101.14 (24.1% above current price), followed by ₹103.1 (26.5% above).
- The stock exhibits significant risk with 31% annualized volatility and a current drawdown of -0.47%.
- Watch for a break below ₹81.3 for potential further downside, or a sustained move above ₹101.14 to challenge the bearish trend.

- Hammer
- Harami
- Morning Star
- Doji
- Bearish Engulfing Reversal
- Outside Bar

### News Context

During the week ending September 18, 2026, Indian Railway Finance Corporation (IRFC) was mentioned in market updates, with The Economic Times providing live stock price quotes and analysis. Separately, a report from OrissaPOST on September 12, 2026, detailed the Reserve Bank of India's rejection of Tata Sons' application to surrender its NBFC license. While this development concerns a different entity, it highlights regulatory actions within the non-banking financial sector.

- On September 12, 2026, OrissaPOST reported that the Reserve Bank of India rejected Tata Sons' bid to surrender its NBFC license.
- The Economic Times provided live NSE/BSE updates for IRFC share prices and stock market information during the week ending September 18, 2026.

- RBI rejects Tata Sons' bid to surrender NBFC licence, setting stage for mandatory listing - OrissaPOST
- IRFC Share Price Today, IRFC Stock Price Live NSE/BSE Updates | The Economic Times

### What Changed

Indian Railway Finance Corporation Limited (IRFC) has reported a change in its statutory auditors. Effective September 9, 2026, the Comptroller and Auditor General of India has appointed M/s GSA & Associates LLP and M/s KGRS & Co. as joint statutory auditors for the financial year 2026-27. This appointment was communicated to the exchange on September 17, 2026. The company confirmed that there are no existing relationships between the directors or key managerial personnel and the newly appointed audit firms. In terms of recent price movement, IRFC's stock closed at ₹81.5 on September 18, 2026, up from ₹79.31 on the previous trading day.

- On September 17, 2026, IRFC announced the appointment of M/s GSA & Associates LLP and M/s KGRS & Co. as joint statutory auditors for FY 2026-27, effective September 9, 2026.
- The appointment of the new auditors was made by the Comptroller and Auditor General of India.
- IRFC's stock price increased to ₹81.5 on September 18, 2026, from ₹79.31 on the prior trading day.

- RBI rejects Tata Sons' bid to surrender NBFC licence, setting stage for mandatory listing - OrissaPOST
- Indian Railway Finance Corporation Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
- INDIAN RAILWAY FINANCE CORPORATION LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Disclosure Under Regulation 51 |SUBJECT: Disclosure Under Regulation 51

### Official Filings

Indian Railway Finance Corporation Limited (IRFC) has reported the appointment of new joint statutory auditors for the financial year 2026-27. The Comptroller and Auditor General of India appointed M/s GSA & Associates LLP and M/s KGRS & Co. as the auditors, effective September 9, 2026. This appointment was communicated to the stock exchange on September 17, 2026, and is in accordance with Section 139 of the Companies Act, 2013. The company has confirmed that there are no existing relationships between the directors or key managerial personnel and the newly appointed audit firms. Additionally, SBI CAP TRUSTEE COMPANY LIMITED provided updates regarding the Security Cover Certificate for ISIN INE053F07538 for the first quarter of the financial year 2026-2027.

- On September 17, 2026, IRFC announced the appointment of M/s GSA & Associates LLP and M/s KGRS & Co. as joint statutory auditors for FY 2026-27, effective September 9, 2026.
- The appointment was made by the Comptroller and Auditor General of India, fulfilling requirements under Section 139 of the Companies Act, 2013.
- IRFC confirmed no applicable relationships exist between company directors/personnel and the new audit firms.
- On September 9, 2026, SBI CAP TRUSTEE COMPANY LIMITED submitted Security Cover Certificate information for ISIN INE053F07538 for Q1 FY 2026-2027.

- Indian Railway Finance Corporation Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
- INDIAN RAILWAY FINANCE CORPORATION LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Disclosure Under Regulation 51 |SUBJECT: Disclosure Under Regulation 51
- Record Date Updates |SUBJECT: Record Date Updates
- Indian Railway Finance Corporation Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- SBI CAP TRUSTEE COMPANY LIMITED has informed the exchange for Indian Railway Finance Corporation Limited regarding Security Cover Certificate of ISIN INE053F07538 for Q1 for the FY 2026-2027 |SUBJECT: Security Cover Certificate

### Fundamentals

Indian Railway Finance (IRFC) reported an upward trajectory in its top-line figures for the periods ending Q3 FY2025-26, Q4 FY2025-26, and Q1 FY2026-27. Revenue from operations increased sequentially from ₹6,661.37 crore in Q3 FY2025-26 to ₹7,336.05 crore in Q4 FY2025-26, and further to ₹8,261.11 crore in Q1 FY2026-27. This growth was accompanied by fluctuations in other income, which stood at ₹57.86 crore in Q3 FY2025-26, turned negative at -₹7.37 crore in Q4 FY2025-26, and recovered to ₹130.23 crore in Q1 FY2026-27. Total expenses also rose in line with revenue, from ₹4,917.04 crore in Q3 FY2025-26 to ₹6,464.13 crore in Q1 FY2026-27. Finance costs, a significant component of expenses, followed a similar pattern, increasing from ₹4,812.02 crore to ₹6,421.04 crore over the same periods. Profit Before Tax (PBT) showed some variability, decreasing from ₹1,802.19 crore in Q3 FY2025-26 to ₹1,684.31 crore in Q4 FY2025-26, before rising to ₹1,927.21 crore in Q1 FY2026-27.

The company's operating performance indicates revenue growth, but this has been closely matched by increases in finance costs, which represent the majority of total expenses. The fluctuation in other income also contributed to the variability in PBT. Investors should monitor the trend in finance costs relative to revenue growth and the consistency of other income, as these factors directly impact profitability.

- Revenue from operations for Indian Railway Finance increased from ₹6,661.37 crore in Q3 FY2025-26 to ₹8,261.11 crore in Q1 FY2026-27.
- Other Income varied, recorded at ₹57.86 crore in Q3 FY2025-26, -₹7.37 crore in Q4 FY2025-26, and ₹130.23 crore in Q1 FY2026-27.
- Total expenses rose from ₹4,917.04 crore in Q3 FY2025-26 to ₹6,464.13 crore in Q1 FY2026-27.
- Finance Costs increased from ₹4,812.02 crore in Q3 FY2025-26 to ₹6,421.04 crore in Q1 FY2026-27.
- Profit Before Tax was ₹1,802.19 crore in Q3 FY2025-26, ₹1,684.31 crore in Q4 FY2025-26, and ₹1,927.21 crore in Q1 FY2026-27.

### Bear Case

The company's stock is exhibiting a bearish trend across daily, weekly, and monthly timeframes, as indicated by technical indicators. The Super Trend indicator is showing a bearish direction on all these timeframes. Furthermore, the stock has experienced significant negative returns over various periods, including a return of -37% over the last year and -35% year-to-date. The current drawdown stands at -47%, with a maximum drawdown of -49%, suggesting substantial price depreciation from recent peaks. The stock is trading below its key moving averages, with the 20-day Exponential Moving Average (EMA) at ₹82.48 and the 50-day SMA at ₹86.03, while the current price is ₹81.5.

- The Super Trend indicator signals a bearish trend on daily, weekly, and monthly charts as of 2026-09-18.
- The stock has recorded a return of -37% over the past year and -35% year-to-date.
- The current drawdown is -47%, with a maximum drawdown of -49%.
- The closing price of ₹81.5 on 2026-09-18 is below the 20-day EMA (₹82.48) and 50-day SMA (₹86.03).

- RBI rejects Tata Sons' bid to surrender NBFC licence, setting stage for mandatory listing - OrissaPOST
- IRFC Share Price Today, IRFC Stock Price Live NSE/BSE Updates | The Economic Times

### FAQs

**What were the recent changes in Indian Railway Finance Corporation Limited's (IRFC) auditors and directors?**

On September 17, 2026, IRFC informed the exchange about the appointment of new joint statutory auditors, M/s GSA & Associates LLP and M/s KGRS & Co., for the financial year 2026-27, effective September 9, 2026. The Comptroller and Auditor General of India made this appointment. The company also confirmed that there are no applicable relationships between the directors or key managerial personnel and the newly appointed audit firms.

**What is the recent performance and technical trend of IRFC shares?**

As of September 18, 2026, IRFC shares closed at ₹81.5. The stock has experienced negative returns across various periods, including a -37% return over the last year and a -35% year-to-date return. Technical indicators show a bearish trend on daily, weekly, and monthly timeframes, with the Supertrend indicator suggesting a bearish direction. The closing price of ₹81.5 is currently very close to the nearest support level of ₹81.3, which is 0.25% below the current price.

**What are the key support and resistance levels for IRFC shares?**

As of September 18, 2026, the nearest support level identified for IRFC shares is ₹81.3, which is approximately 0.25% below the current closing price of ₹81.5. Other identified support levels are ₹81.21, ₹80.56, and ₹79.94. The nearest resistance level is ₹101.14, which is 24.1% above the current price, followed by ₹103.1, ₹123.6, and ₹126.12.

- RBI rejects Tata Sons' bid to surrender NBFC licence, setting stage for mandatory listing - OrissaPOST
- IRFC Share Price Today, IRFC Stock Price Live NSE/BSE Updates | The Economic Times
- Indian Railway Finance Corporation Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
- INDIAN RAILWAY FINANCE CORPORATION LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Disclosure Under Regulation 51 |SUBJECT: Disclosure Under Regulation 51
- Record Date Updates |SUBJECT: Record Date Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹79.29
- Risk regime: Higher Price Risk

### Support levels
- 81.3
- 81.20666666666666
- 80.56333333333333

### Resistance levels
- 101.14
- 103.1
- 123.59662109375

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +2.76% |
| return_10 | -1.39% |
| return_1m | -5.35% |
| return_1y | -36.96% |
| return_20 | -5.75% |
| return_3m | -18.61% |
| return_5 | +0.52% |
| return_6m | -17.05% |
| return_since_start | -45.79% |
| return_ytd | -35.21% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -48.63% |
| annualized_volatility | +31.23% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Grows 21% Year-Over-Year; Profit Growth Slower as Finance Costs Rise

Indian Railway Finance Corporation Limited reported total income of ₹8,391.34 crore for the quarter ended 30 June 2026. This was a 21.3% increase from the same quarter a year earlier. Profit before tax rose 10.4% to ₹1,927.21 crore. The slower profit growth reflected a 25.3% rise in finance costs, which outpaced the 19.5% increase in revenue from operations.

## Revenue Composition and Growth

Total income of ₹8,391.34 crore was up ₹1,062.66 crore from the previous quarter (Q4 FY2025-26). Revenue from operations, the main income driver, amounted to ₹8,261.11 crore—a 19.5% increase over the ₹6,915.38 crore recorded in Q1 FY2025-26.

Other income was ₹130.23 crore in the current quarter, compared with -₹7.37 crore in the previous quarter and ₹2.86 crore in the same quarter last year. Despite the large percentage swing, other income contributed only about 1.6% of total income.

## Expense Structure and Finance Costs

Total expenses stood at ₹6,464.13 crore, up 14.5% from the preceding quarter. Finance costs dominated the expense line at ₹6,421.04 crore, representing 99.3% of total expenses.

On a year-over-year basis, finance costs increased 25.3% from ₹5,124.39 crore in Q1 FY2025-26. This growth rate exceeded the 19.5% rise in revenue from operations. Sequentially, finance costs grew 16.2% from Q4 FY2025-26, roughly in line with the 14.5% increase in total income.

## Profitability and Margin Analysis

Profit before tax was ₹1,927.21 crore, up ₹181.52 crore from the year-ago quarter and ₹242.9 crore from the previous quarter. The profit margin—profit before tax divided by total income—narrowed from 25.2% in Q1 FY2025-26 to 23.0% in the current quarter, consistent with finance costs growing faster than revenue from operations. On a sequential basis, the margin was virtually unchanged (23.0% in Q4 FY2025-26 vs. 23.0% in Q1 FY2026-27).

The spread between revenue from operations and finance costs, which represents the core earnings from the lending business, expanded modestly from ₹1,790.99 crore in Q1 FY2025-26 to ₹1,840.07 crore in the current quarter, a year-over-year increase of ₹49.08 crore.

## Quarterly Performance Trends

Quarterly results show variation across the fiscal year. Q2 FY2025-26 recorded substantially higher figures, with total income of ₹13,290.15 crore and profit before tax of ₹3,522.67 crore. The other three quarters of FY2025-26 (Q1, Q3, Q4) had income between ₹6,719 crore and ₹7,329 crore and profit before tax between ₹1,684 crore and ₹1,802 crore. The current quarter’s income of ₹8,391.34 crore and profit of ₹1,927.21 crore were above those three quarters, though still well below the Q2 FY2025-26 peak.

## Management Commentary

Indian Railway Finance Corporation (IRFC) reported its strongest-ever quarterly performance in Q1 FY2026-27, with record total income of Rs. 8,391.34 crore, PAT of Rs. 1,927.21 crore (up 10.4% YoY), and net worth of Rs. 58,791.95 crore. Management attributed the results to the success of its diversification strategy under IRFC 2.0 and maintained its zero non-performing asset (NPA) track record. The company's Net Interest Margin (NIM) stood at 1.48% (annualised), reflecting disciplined liability management.

Looking ahead, IRFC expects its diversification strategy to continue driving improved spreads and profitability through FY 2026-27, with a growing pipeline of opportunities in mobility and allied sectors. The Corporation remains committed to its zero-NPA track record and prudent risk framework, while playing a pivotal role in nation-building infrastructure as a Navratna CPSE under the Ministry of Railways.

## Key Takeaway

The quarter delivered higher total income and profit than the preceding three quarters of FY2025-26, driven by revenue from operations. However, finance costs grew faster than revenue on a year-over-year basis, leading to a modest profit-margin decline. The core lending spread widened slightly, while overall performance, while improved, remained far from the exceptional levels seen in Q2 FY2025-26.

### Ratios

## Official filings

- 2026-09-17 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRFC_17092026183045_INTIMATIONOFAUDITOR.pdf)
- 2026-09-17 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_5625_WebXMLFile_20260917_183429627.xml)
- 2026-09-17 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IRFC_17092026184609_INTIMATION17092026.pdf)
- 2026-09-15 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IRFC_15092026162623_RECORD_DATE_173_NSE.pdf)
- 2026-09-15 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IRFC_15092026163324_RECORD_DATE_79A_NSE.pdf)
- 2026-09-10 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRFC_10092026112704_IntimationofAppointmentofJointStatutoryAuditors.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026164327_Indian_Railway_Finance_Corporation_Ltd_EA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026164327_Indian_Railway_Finance_Corporation_Ltd_EA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026164327_Indian_Railway_Finance_Corporation_Ltd_EA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026164327_Indian_Railway_Finance_Corporation_Ltd_EA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026164327_Indian_Railway_Finance_Corporation_Ltd_EA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026164327_Indian_Railway_Finance_Corporation_Ltd_EA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026164327_Indian_Railway_Finance_Corporation_Ltd_EA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026164327_Indian_Railway_Finance_Corporation_Ltd_EA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026164327_Indian_Railway_Finance_Corporation_Ltd_EA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026164327_Indian_Railway_Finance_Corporation_Ltd_EA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026164327_Indian_Railway_Finance_Corporation_Ltd_EA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026164327_Indian_Railway_Finance_Corporation_Ltd_EA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026164327_Indian_Railway_Finance_Corporation_Ltd_EA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026164327_Indian_Railway_Finance_Corporation_Ltd_EA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026170507_Indian_Railway_Finance_Corporation_Ltd_SA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026170507_Indian_Railway_Finance_Corporation_Ltd_SA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026170507_Indian_Railway_Finance_Corporation_Ltd_SA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026170507_Indian_Railway_Finance_Corporation_Ltd_SA.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICTSL_09092026170507_Indian_Railway_Finance_Corporation_Ltd_SA.pdf)

## News and market events

- 2026-09-12 — Orissa POST: **RBI rejects Tata Sons' bid to surrender NBFC licence, setting stage for mandatory listing - OrissaPOST** — Mumbai: The Reserve Bank has rejected Tata Sons’ application to surrender its core investment company registration, killing the Tata Group holding company’s attempt to avoid a mandatory stock-market listing and setting the stage for it to become publicly traded, sources said Saturday. The rejection was conveyed in a letter received by Tata Sons’ company secretary […] — [Source](https://www.orissapost.com/rbi-rejects-tata-sons-bid-to-surrender-nbfc-licence-setting-stage-for-mandatory-listing)
- 2026-09-12 — Economic Times: **IRFC Share Price Today, IRFC Stock Price Live NSE/BSE Updates | The Economic Times** — IRFC Share Price Today - Get live NSE/BSE quotes of IRFC with latest news, headlines and quick analysis. View forecasts, quarterly results, dividend details, balance sheet & more. — [Source](https://economictimes.indiatimes.com/indian-railway-finance-corporation-ltd/stocks/companyid-12523.cms)
- 2026-09-11 — BUSINESSTODAY: **Railway stocks: IRFC, IRCTC shares hit fresh 52-week lows; share price targets and more** — IRFC share price outlook, IRCTC stock, IRFC share price falls, railway stocks outlook, Indian railway stocks news, IRFC stock advice, IRCTC share price target, railway sector stocks India, railway stocks recovery, IRFC investor guidance, stock market sector rotation, railway budget announcements impact, IRFC technical analysis, Indian PSU railway stocks, railway stocks, IRFC hold or sell, Business Today Daily Calls, Indian stock market trends, sectoral investing India — [Source](https://www.businesstoday.in/markets/stocks/story/railway-stocks-irfc-irctc-shares-hit-fresh-52-week-lows-share-price-targets-and-more-554816-2026-09-11)
- 2026-09-10 — BUSINESSTODAY: **Sell IRFC on rallies, railway stocks may stay subdued despite fresh orders, says analyst** — IRFC share price outlook, IRFC long term investment, IRFC share price outlook, railway stocks outlook, Pradeep Halder on IRFC, sell on rise railway stocks, Indian railway stocks news, IRFC stock advice, railway sector stocks India, IRFC averaging strategy, railway stocks recovery, IRFC investor guidance, stock market sector rotation, railway budget announcements impact, IRFC technical analysis, Indian PSU railway stocks, railway order book impact, IRFC hold or sell, Business Today Daily Calls, Indian stock market trends, sectoral investing India — [Source](https://www.businesstoday.in/markets/stocks/story/sell-irfc-on-rallies-railway-stocks-may-stay-subdued-despite-fresh-orders-says-analyst-554610-2026-09-10)
- 2026-08-20 — BUSINESSTODAY: **RVNL, IRCON, Jupiter Wagons, Titagarh Rail: Why railway stocks are rising today** — railway sector stocks, projects of Railways, rail sector stocks, Titagarh Rail System shares, Texmaco Rail, RVNL, IRCON International, Jupiter Wagons, IRFC, RITES, stock gainers, Four projects of Ministry of Railways — [Source](https://www.businesstoday.in/markets/stocks/story/rvnl-ircon-jupiter-wagons-titagarh-rail-why-railway-stocks-are-rising-today-550251-2026-08-20)
- 2026-08-19 — BUSINESSTODAY: **ITC, IRFC, HDFC Bank, KEC International, HUL, Dabur, FirstCry: Stocks hit 52-week lows** — ITC, IRFC, HDFC Bank, KEC International, HUL, Dabur, FirstCry, ITC shares hit 52 week low, HDFC Bank stock hits 52 week low, KEC International shares hit 52 week low, HUL shares fall — [Source](https://www.businesstoday.in/markets/stocks/story/itc-irfc-hdfc-bank-kec-international-hul-dabur-firstcry-stocks-hit-52-week-lows-550077-2026-08-19)
- 2026-08-13 — Mint: **IRFC: Why the railway stock keeps falling despite record profit** — IRFC delivered its strongest-ever quarter, but a shrinking loan book, falling margins, government stake sales and a still-premium valuation are weighing on the stock. — [Source](https://www.livemint.com/market/stock-market-news/irfc-why-the-railway-stock-keeps-falling-despite-record-profit-11786551327127.html)
- 2026-08-10 — DECCANCHRONICLE.COM: **Hyderabad Infrastructure Hit as Major Projects Face Central Clearance Delays** — A slew of projects remain stuck with the Centre — [Source](https://www.deccanchronicle.com/southern-states/telangana/hyderabad-infrastructure-hit-as-major-projects-face-central-clearance-delays-1978210)
- 2026-08-07 — Times of India: **Tata Sons stays, 4 more PSUs enter NBFC upper layer** — India Business News: MUMBAI: Reserve Bank of India on Thursday released the revised list of upper layer NBFCs for FY27 under the scale-based regulation framework, expandin. — [Source](https://timesofindia.indiatimes.com/business/india-business/tata-sons-stays-4-more-psus-enter-nbfc-upper-layer/articleshow/133019090.cms)
- 2026-08-07 — The Hindu: **Stocks to watch, Aug 7: HUDCO, REC, PFC, IRFC, RailTel, Bondada, Aegis Logistics, Alkem Lab, J Kumar Infra, TVS Motor Co** — Key market players face increased regulatory scrutiny as the RBI classifies four state-owned NBFCs, while RailTel and Aegis Logistics secure major contracts, and TVS Motor enters the African electric vehicle market. — [Source](https://www.thehindubusinessline.com/markets/stocks-to-watch-aug-7-hudco-rec-pfc-irfc-railtel-bondada-aegis-logistics-alkem-lab-j-kumar-infra-tvs-motor-co/article71316098.ece)
- 2026-08-06 — CNBC-TV18: **Tata Sons still an upper layer NBFC on RBI list** — Inclusion of Tata Sons Private Limited in the list of NBFC-UL is without prejudice to the outcome of its application for de-registration, which is under examination, says RBI. — [Source](https://www.cnbctv18.com/market/stocks/tata-sons-still-an-upper-layer-nbfc-on-rbi-list-19963393.htm)
- 2026-08-05 — Economic Times: **IRFC Share Price Today, IRFC Stock Price Live NSE/BSE Updates | The Economic Times** — IRFC Share Price Today - Get live NSE/BSE quotes of IRFC with latest news, headlines and quick analysis. View forecasts, quarterly results, dividend details, balance sheet & more. — [Source](https://economictimes.indiatimes.com/indian-railway-finance-corporation-ltd/stocks/companyid-12523.cms)
- 2026-08-01 — Mint: **Three railway stocks bought by DIIs in the June quarter** — Here are three railway stocks accumulated by DIIs in the June quarter. — [Source](https://www.livemint.com/market/stock-market-news/three-railway-stocks-where-diis-raised-stakes-in-june-2026-quarter-11785497056962.html)
- 2026-07-31 — BUSINESSTODAY: **BT Infra Summit 2026: IRFC to focus on financing rail infra, rolling stock and associated businesses** — BT Infra Summit 2026: IRFC to focus on financing rail infra, rolling stock and associated businesses — [Source](https://www.businesstoday.in/events/infrastructure-summit-2026/story/bt-infra-summit-2026-irfc-to-focus-on-financing-rail-infra-rolling-stock-and-associated-businesses-546607-2026-07-31)
- 2026-07-30 — CNBC-TV18: **Q1 Results LIVE Updates: Tata Steel profit rises 12%, Indegene net profit unchanged** — Q1 Results LIVE Updates: Bajaj Finance, M&M and Tata Steel are the three Nifty results for the day, along with broader market names like Hyundai Motor, Vedanta, Vedanta Aluminium, Swiggy, Mazagon Dock, Torrent Pharma, Thermax and many others. Eicher Motors, Dabur, three Vedanta demerged units, Bajaj Housing, Hexaware and many more also react to numbers. Watch this space for all the LIVE Q1 results updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-today-bajaj-finance-mm-tata-steel-eicher-dabur-mazagon-dock-swiggy-syngene-irfc-vedanta-aluminium-mtar-hyundai-lic-liveblog-19957385.htm)
- 2026-07-30 — The Hindu: **Q1 Results Today Live: Swiggy narrows loss, Bajaj Finance, M&M, Gillette, Vedanta, Vedanta Aluminium, Ajanta Pharma, IRFC, ICRA, Niva Bupa profit rise, Hyundai PAT down, Tata Steel, Torrent Pharma, NSDL to announce Q1 results** — Q1 Results Today, 30th July 2026 Live Updates: Stay tuned for more from businessline — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-bajaj-finance-mampm-tata-steel-swiggy-awl-agri-torrent-pharma-hyundai-motor-irfc-mankind-vedanta-gillette-mazagon-thermax-ajanta-nuvama-nsdl-niva-bupa-results-30-july-202/article71280963.ece)
- 2026-07-30 — CNBC-TV18: **Market close | Stock Market Highlights: Late buying lifts Sensex 273 pts, Nifty settles above 24,300; auto stocks shine** — Sensex Today | Stock Market LIVE Updates: Today is the monthly expiry of the Sensex contracts. 24,000 on the downside is key for the Nifty, while the July 17 high of 24,367 is the first hurdle to cross on the upside — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-expiry-infosys-it-eicher-dabur-vedanta-irfc-asian-paints-share-price-liveblog-19957305.htm)

## Business profile

**Strategic vision:** Finances Indian Railways' rolling stock and infrastructure projects.

### Business segments
- **Railway Financing:** Raises capital through bonds, term loans, and external commercial borrowings to finance rolling stock and railway infrastructure projects for the Ministry of Railways.

### Competitive strengths
- Dedicated financing arm for Indian Railways' infrastructure and rolling stock needs.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/irfc
Markdown representation: https://faxioms.com/stocks/irfc?render=md