# Indian Railway Finance Corporation (IRFC) — Stock analysis

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

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹80.43
- Change: +0.37%
- As of: 2026-11-06
- 1D return: +0.37%
- 5D return: +9.62%
- 1M return: +8.25%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

IRFC closed at ₹80.43 on 2026-11-06, marking a sharp reversal from its broader downtrend with a +2.9% upward gap and an extreme z-score of 4.29. This move places the stock near the upper end of its 20-day range (+91.7%) and above key short-term averages (20-period EMA/SMA and 50-period SMA), indicating immediate bullish momentum. However, this is a counter-trend bounce within a established monthly and weekly bearish structure, where price remains below all major moving averages and the Supertrend. The stock is still trading significantly below its 200-period SMA, and the annualized volatility of 31.1% suggests high sensitivity to news. While recent candlestick patterns like Bullish Engulfing appeared on 2026-11-04, they are no longer active, leaving the current gap as the primary technical feature. Resistance is dense just above, starting at ₹80.74 (0.39% away) and extending to ₹81.35 (1.14% away). A sustained hold above these levels would be required to validate any trend change, while failure to break through could see a retest of support near ₹79.82.

- Trend Conflict: Daily price action shows short-term strength (above 20/50 EMAs), but monthly and weekly trends remain firmly bearish (price below all major MAs and Supertrend).
- Extreme Volatility Event: An upward gap on 2026-11-05 recorded a +2.9% return with an extreme severity score (z-score 4.29), signaling unusual participation.
- Key Levels: Immediate resistance lies at ₹80.74 and ₹81.35; critical nearby support is at ₹79.82 (pivot) and ₹79.21.
- Risk Profile: The stock carries a maximum drawdown of -52.3% and high annualized volatility (31.1%), reflecting significant downside risk despite the recent bounce.

- Bullish Engulfing Reversal
- Outside Bar
- Harami

### Official Filings

IRFC has announced an interim dividend of ₹1.15 per share with a record date of 23 October 2026, providing immediate cash returns to equity holders. Concurrently, the company resolved a significant regulatory uncertainty when the Assistant Commissioner of State Tax, Delhi Zonal Unit, dropped a show-cause notice issued on 24 August 2026 that had sought ₹549.32 crores under Section 73 of the CGST Act, recording nil demand. In its earnings conference call transcript filed on 22 October 2026, management reported H1 revenue growth exceeding 20% and profit after tax (PAT) growth of more than 10%, noting double-digit PAT growth in five of the last six quarters. The company reaffirmed its FY27 target of approximately ₹5 lakh crore assets under management (AUM) and guidance to exceed FY26 disbursements.

- Interim dividend of ₹1.15 per share declared; record date is 23 October 2026.
- GST litigation resolved: Show-cause notice for ₹549.32 crores dropped with nil demand on 23 October 2026.
- H1 FY27 financials show 20% revenue growth and 10% PAT growth; five consecutive quarters of double-digit PAT growth.
- Management reaffirms FY27 AUM target of ~₹5 lakh crore and expects disbursements to exceed FY26 levels.

- [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:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [INDIAN RAILWAY FINANCE CORPORATION LIMITED has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_5625_WebXMLFile_20261023_194234080.xml)
- [INDIAN RAILWAY FINANCE CORPORATION LIMITED has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_5625_WebXMLFile_20261023_202448547.xml)
- [Disclosure Under Regulation 51 |SUBJECT: Disclosure Under Regulation 51](https://nsearchives.nseindia.com/content/debt/WDM/IRFC_23102026205638_GSTORDERSEBI.pdf)
- [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:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [Indian Railway Finance Corporation Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/IRFC_22102026165348_AnnouncementunderRegulation30EarningsCallTranscriptQ2FY202627.pdf)
- [Indian Railway Finance Corporation Limited has informed the Exchange about |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/IRFC_16102026142712_linkintimation.pdf)
- [Indian Railway Finance Corporation Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/IRFC_16102026152651_Newspaperpublicationintimation16102026.pdf)

### Fundamentals

Indian Railway Finance Corporation (IRFC) demonstrated robust earnings growth in the September 2026 quarter, with Net Profit rising to ₹1,958 crore and Revenue increasing 23% year-on-year to ₹7,866 crore. However, this profitability is overshadowed by a severe deterioration in cash generation; Cash from Operating Activity turned deeply negative at -₹27,026 crore for the fiscal year ended March 2026, driven primarily by massive financing outflows of ₹21,560 crore. The balance sheet reflects this leverage, with Borrowings climbing to ₹431,483 crore as of September 2026 and total Assets reaching ₹5,27,976.59 crore. While Return on Equity remains stable at 13%, the reliance on external funding to sustain operations highlights a critical liquidity checkpoint: the company must demonstrate its ability to manage debt servicing costs against operating cash flows in upcoming quarters.

- Earnings Growth: Q2 FY2026-27 Net Profit rose to ₹1,958 crore (+10% YoY) and Revenue grew 23% to ₹7,866 crore, supported by a Financing Margin of 24%.
- Cash Flow Divergence: FY2026 Free Cash Flow plunged to -₹27,030 crore, contrasting sharply with positive historical trends, indicating heavy reliance on external financing.
- Leverage Expansion: Total Borrowings increased to ₹431,483 crore (Sep 2026), up from ₹412,133 crore (Mar 2025), while Promoter holding decreased slightly to 82.9%.
- Next Checkpoint: Monitor whether Operating Cash Flow stabilizes or improves in subsequent quarters to validate the sustainability of current profit levels without excessive debt accumulation.

### Bear Case

As of November 6, 2026, Indian Railway Finance Corporation (IRFC) exhibits significant technical deterioration and prolonged negative performance. The stock is trading at ₹80.43, reflecting a year-to-date decline of -36.1% and a one-year return of -33.1%. Technical indicators across daily, weekly, and monthly timeframes are uniformly bearish, with the Supertrend direction signaling downward pressure on all scales. The stock has experienced a maximum drawdown of -52.3%, with the current drawdown standing at -47.7%, indicating that the price remains far below recent peaks. Annualized volatility is elevated at +31.1%, suggesting heightened risk and uncertainty for holders. Resistance levels are clustered closely above the current price, with immediate resistance at ₹80.74 (0.39% away), while support lies lower at ₹79.82. The convergence of weak momentum (ADX 26.31 on daily, 37.18 on weekly) and consistent bearish trend signals underscores a challenging market setup.

- Prolonged underperformance: Year-to-date return is -36.1% and one-year return is -33.1%, with a current drawdown of -47.7% against a maximum historical drawdown of -52.3%.
- Uniform bearish technical structure: Supertrend direction is bearish on daily, weekly, and monthly timeframes, with moving averages sloping negatively on weekly charts (SMA-20 slope -5.22).
- High volatility and limited upside proximity: Annualized volatility is +31.1%, and immediate resistance is tight at ₹80.74 (0.39% above current close of ₹80.43), limiting short-term breakout potential.

- [IRFC Share Price Today, IRFC Stock Price Live NSE/BSE Updates | The Economic Times](https://economictimes.indiatimes.com/indian-railway-finance-corporation-ltd/stocks/companyid-12523.cms)
- [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:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [INDIAN RAILWAY FINANCE CORPORATION LIMITED has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_5625_WebXMLFile_20261023_194234080.xml)
- [INDIAN RAILWAY FINANCE CORPORATION LIMITED has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_5625_WebXMLFile_20261023_202448547.xml)
- [Disclosure Under Regulation 51 |SUBJECT: Disclosure Under Regulation 51](https://nsearchives.nseindia.com/content/debt/WDM/IRFC_23102026205638_GSTORDERSEBI.pdf)
- [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:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [Indian Railway Finance Corporation Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/IRFC_22102026165348_AnnouncementunderRegulation30EarningsCallTranscriptQ2FY202627.pdf)
- [Indian Railway Finance Corporation Limited has informed the Exchange about |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/IRFC_16102026142712_linkintimation.pdf)
- [Indian Railway Finance Corporation Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/IRFC_16102026152651_Newspaperpublicationintimation16102026.pdf)

### FAQs

**What corporate actions has IRFC announced recently?**

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.

**Has IRFC resolved any recent tax disputes?**

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.

**How has IRFC's stock price performed over the past year?**

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.

**What are the key technical levels to watch for IRFC?**

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.

- [IRFC Share Price Today, IRFC Stock Price Live NSE/BSE Updates | The Economic Times](https://economictimes.indiatimes.com/indian-railway-finance-corporation-ltd/stocks/companyid-12523.cms)
- [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:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [INDIAN RAILWAY FINANCE CORPORATION LIMITED has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_5625_WebXMLFile_20261023_194234080.xml)
- [INDIAN RAILWAY FINANCE CORPORATION LIMITED has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_5625_WebXMLFile_20261023_202448547.xml)
- [Disclosure Under Regulation 51 |SUBJECT: Disclosure Under Regulation 51](https://nsearchives.nseindia.com/content/debt/WDM/IRFC_23102026205638_GSTORDERSEBI.pdf)
- [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:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [Indian Railway Finance Corporation Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/IRFC_22102026165348_AnnouncementunderRegulation30EarningsCallTranscriptQ2FY202627.pdf)
- [Indian Railway Finance Corporation Limited has informed the Exchange about |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/IRFC_16102026142712_linkintimation.pdf)
- [Indian Railway Finance Corporation Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/IRFC_16102026152651_Newspaperpublicationintimation16102026.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹79.82
- Risk regime: Higher Price Risk

### Support levels
- 78.16
- 73.32499999999999
- 79.21000000000001

### Resistance levels
- 101.14
- 103.1
- 123.59662109375

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.37% |
| return_10 | +8.03% |
| return_1m | +4.32% |
| return_1y | -33.11% |
| return_20 | +8.25% |
| return_3m | -9.92% |
| return_5 | +9.62% |
| return_6m | -24.65% |
| return_since_start | -46.50% |
| return_ytd | -36.06% |

### 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 | -52.26% |
| annualized_volatility | +31.12% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# IRFC Q2 FY2026-27 Results: Profit Increased Despite Lower Sequential Income

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.

## Income and profit

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.

## Expenses and finance costs

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.

## Balance sheet

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 Commentary

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.

## Key Takeaway
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.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +82.90%
- FII holding: +1.15%
- DII holding: +3.96%
- Mutual fund holding: +0.34%
- Retail holding: +10.21%
- Promoter pledged: +0.00%

### Major reported shareholders

- PRESIDENT OF INDIA ACTING THROUGH THE MOR — +82.90%
- LIFE INSURANCE CORPORATION OF INDIA — +3.54%

## Official filings

- 2026-10-23 — Corporate Action Notice: Indian Railway Finance Corporation Limited - Ex-Date: 23-Oct-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-10-23 — Litigation Disclosure: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_5625_WebXMLFile_20261023_194234080.xml)
- 2026-10-23 — Litigation Disclosure: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_5625_WebXMLFile_20261023_202448547.xml)
- 2026-10-23 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IRFC_23102026205638_GSTORDERSEBI.pdf)
- 2026-10-22 — Corporate Action Notice: Indian Railway Finance Corporation Limited - Ex-Date: 23-Oct-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-10-22 — Corporate Action Notice: Indian Railway Finance Corporation Limited - Ex-Date: 23-Oct-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-10-22 — Corporate Action Notice: Indian Railway Finance Corporation Limited - Ex-Date: 23-Oct-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-10-22 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRFC_22102026165348_AnnouncementunderRegulation30EarningsCallTranscriptQ2FY202627.pdf)
- 2026-10-16 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRFC_16102026142712_linkintimation.pdf)
- 2026-10-16 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRFC_16102026152651_Newspaperpublicationintimation16102026.pdf)
- 2026-10-15 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRFC_15102026151912_outcomeofmeeting15102026.pdf)
- 2026-10-15 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRFC_15102026152145_outcomeofmeeting15102026.pdf)
- 2026-10-15 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRFC_15102026153717_outcomeofmeeting15102026.pdf)
- 2026-10-15 — Press Release: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRFC_15102026153907_outcomeofmeeting15102026.pdf)
- 2026-10-15 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IRFC_15102026154818_outcomes15102026.pdf)
- 2026-10-15 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IRFC_15102026154521_outcomes15102026.pdf)
- 2026-10-15 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IRFC_15102026154738_outcomes15102026.pdf)
- 2026-10-15 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IRFC_15102026154854_outcomes15102026.pdf)
- 2026-10-15 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IRFC_15102026154557_outcomes15102026.pdf)
- 2026-10-15 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IRFC_15102026154946_outcomes15102026.pdf)
- 2026-10-15 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IRFC_15102026154649_outcomes15102026.pdf)
- 2026-10-15 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IRFC_15102026170704_PAYMENT_CONFIRMATION_171.pdf)
- 2026-10-15 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IRFC_15102026170902_PAYMENT_CONFIRMATION_172A.pdf)
- 2026-10-15 — Financial Results Filing: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_NBFC_INDAS_1739103_15102026052734_WEB.xml)
- 2026-10-15 — Generic Announcement: Indian Railway Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_5625_WebXMLFile_20261015_172842167.xml)

## News and market events

- 2026-11-04 — Economic Times: **IRFC Share Price Today, IRFC Stock Price Live NSE/BSE Updates | The Economic Times** — 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. — [Source](https://economictimes.indiatimes.com/indian-railway-finance-corporation-ltd/stocks/companyid-12523.cms)
- 2026-10-21 — Mint: **Dividend, stock split: Last chance to buy today - LTM, IRFC, Modison, TechM and Azad India Mobility shares** — 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. — [Source](https://www.livemint.com/market/stock-market-news/dividend-stock-split-last-chance-to-buy-today-ltm-irfc-modison-techm-and-azad-india-mobility-shares-11792604084403.html)
- 2026-10-18 — CNBC-TV18: **Record Dates This Week: JSW Dulux, Tech Mahindra among 13 important names with corporate actions lined up** — 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. — [Source](https://www.cnbctv18.com/market/record-dates-this-week-tech-mahindra-jsw-dulux-ltm-vrl-logistics-share-price-stock-split-dividend-buybacks-20014547.htm)
- 2026-10-18 — Mint: **Stock split, bonus, dividend, buyback record date in 19-25Oct week: Angel One, JSW, IRFC, Tech Mahindra, Modison, others** — 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. — [Source](https://www.livemint.com/market/stock-market-news/stock-split-bonus-dividend-buyback-record-date-in-19-25oct-week-angel-one-jsw-irfc-tech-mahindra-modison-others-11792308900697.html)
- 2026-10-18 — Economic Times: **Bonus issues, stock splits & dividends: HDB Financial, IRFC, TechM among 19 stocks turning ex-record date this week** — 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. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/bonus-issues-stock-splits-dividends-hdb-financial-irfc-techm-among-19-stocks-turning-ex-record-date-this-week/articleshow/135024511.cms)
- 2026-10-18 — Mint: **Top 3 stocks to buy under  ₹100: IRFC, Motherson Sumi, Lloyds Engineering Works by Sumeet Bagadia | Target price, SL** — Stock market outlook: Sumeet Bagadia of Choice Broking believes the Indian stock market bias has improved and buying at lower levels is visible — [Source](https://www.livemint.com/market/stock-market-news/top-3-stocks-to-buy-under-rs-100-irfc-motherson-sumi-lloyds-engineering-works-by-sumeet-bagadia-target-price-sl-11792255051961.html)
- 2026-10-17 — Mint: **Dividend alert: IRFC, Tech Mahindra, ICICI Prudential AMC, among 11 stocks to watch next week: Check record date, payout** — 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. — [Source](https://www.livemint.com/market/stock-market-news/dividend-alert-irfc-tech-mahindra-icici-prudential-amc-among-11-stocks-to-watch-next-week-check-record-date-payout-11792211741541.html)
- 2026-10-15 — Mint: **IRFC Q2 results 2026, dividend: Maharatna PSU declares highest-ever dividend; Profit rises 10% to  ₹1,958 cr** — 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. — [Source](https://www.livemint.com/market/stock-market-news/irfc-q2-results-2026-dividend-maharatna-psu-declares-highest-ever-dividend-profit-rises-10-to-rs-1-958-cr-11792066355251.html)
- 2026-10-01 — Economic Times: **Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty signals a negative start; Asian shares trade mixed - The Economic Times** — Sensex Today | Nifty 50 | Stock Market Live Updates: Benchmark indices pared gains from the day’s highs and ended near the day’s lows amid heightened volatility at the start of the new series. Persistent global uncertainty and an intraday spike in Brent crude oil prices kept investors cautious. — [Source](https://economictimes.indiatimes.com/markets/stocks/live-blog/bse-sensex-today-nifty50-stock-market-live-updates-gift-nifty-infosys-hdfc-bank-share-price-01-october-2026/liveblog/134606042.cms)
- 2026-10-01 — BUSINESS: **Stocks to watch: RIL, NSE, HDFC Bank, IRFC, Infosys, Cupid, Blue Dart, OMCs** — Stocks to watch today: Reliance Industries, NSE, HDFC Bank, IRFC, Infosys, Cupid, Blue Dart, OMCs, STL Networks, RBL Bank, among others will be in focus today — [Source](https://www.business-standard.com/markets/news/stocks-to-watch-ril-nse-hdfc-bank-irfc-infosys-cupid-blue-dart-omcs-126100100107_1.html)
- 2026-10-01 — Mint: **Top stocks to watch today: Infosys, IRFC, Muthoot Finance among shares in focus on Thursday, 1 Oct | Full list** — Top stocks to watch on Thursday, 1 October: Infosys, HDFC Bank, Acme Solar, Muthoot Finance, Jio Financial Services, IRFC among shares that will remain in focus on Thursday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-and-why-infosys-irfc-muthoot-finance-among-shares-in-focus-on-thursday-1-oct-full-list-11790817912219.html)
- 2026-10-01 — Economic Times: **Stocks in news: Infosys, HDFC Bank, Jio Financial, IRFC, NCC and Blue Dart** — Indian equity benchmarks experienced a decline over two sessions due to profit booking and rising oil prices. The Nifty 50 index closed down by 95.75 points, reaching 22,620.45. Jio Financial Services and Allianz Europe B.V. have invested in their joint venture for business operations. Infosys has expanded its partnership with ABN AMRO for AI-driven transformation initiatives. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-infosys-hdfc-bank-jio-financial-irfc-ncc-and-blue-dart/articleshow/134599953.cms)
- 2026-09-30 — CNBC-TV18: **Stocks to Watch for October 1: Insurance stocks, IRFC, NCC, Infosys and more** — From IRFC receiving a ₹396.91 crore show-cause notice from Bihar tax authorities to Highway Infrastructure entering into a ₹220.66 crore contract agreement with UPEIDA, here are the stocks to track ahead of Thursday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-october-1-insurance-stocks-irfc-ncc-infosys-and-more-20002281.htm)
- 2026-09-30 — CNBC-TV18: **IRFC gets ₹397 crore GST show-cause notice from Bihar tax authority** — The railway financier said the notice relates to FY23 and that no penalty or other sanction has been imposed at this stage. — [Source](https://www.cnbctv18.com/market/irfc-gets-rs397-crore-gst-show-cause-notice-from-bihar-tax-authority-20002213.htm)
- 2026-09-30 — BUSINESSTODAY: **IRCON, RITES, Jupiter Wagons, Texmaco shares surge: What's happening with railway stocks?** — IRCON International, RITES, Jupiter Wagons, Texmaco Rail, Oriental Rail Infrastructure, RailTel, RVNL, IRFC, Container Corporation of India, IRCTC, Titagarh Rail Systems, railway stocks, railway shares, railway sector, railway stocks today, railway shares rally — [Source](https://www.businesstoday.in/markets/stocks/story/ircon-rites-jupiter-wagons-texmaco-shares-surge-whats-happening-with-railway-stocks-558813-2026-09-30)
- 2026-09-30 — MONEYCONTROL: **Ircon, RVNL, IRCTC, other railway PSU shares rise up to 14% amid heavy volumes** — Ircon share price today, RVNL shares, IRCTC share price today news — [Source](https://www.moneycontrol.com/news/business/markets/ircon-rvnl-irctc-other-railway-psu-shares-rise-up-to-14-amid-heavy-volumes-14041873.html)
- 2026-09-29 — BUSINESSTODAY: **IRFC shares fall 2%; PSU signs Rs 4,200 crore term loan agreement with DVC** — IRFC shares, Indian Railway Finance Corporation Ltd, IRFC DVC agreement, Rs 4,200 crore loan, Damodar Valley Corporation, DVC renewable energy, IRFC renewable energy, solar projects, Battery Energy Storage System, BESS, railway finance stocks, renewable energy financing — [Source](https://www.businesstoday.in/markets/stocks/story/irfc-shares-fall-2-psu-signs-rs-4200-crore-term-loan-agreement-with-dvc-558434-2026-09-29)
- 2026-09-29 — MONEYCONTROL: **Price Action: Allcargo Logistics sheds 2% on MD, CEO resignation; Ola Electric down 4% as HSBC maintains 'reduce'** — Buzzing Stocks — [Source](https://www.moneycontrol.com/news/business/price-action-allcargo-logistics-sheds-2-on-md-ceo-resignation-ola-electric-down-4-as-hsbc-maintains-reduce-14040499.html)
- 2026-09-29 — BUSINESSTODAY: **IRFC shares in focus after Rs 4,200 cr term loan agreement with DVC; stock down 38% in YTD** — IRFC share, IRFC share price, IRFC share price today — [Source](https://www.businesstoday.in/markets/stocks/story/irfc-shares-in-focus-after-rs-4200-cr-term-loan-agreement-with-dvc-stock-down-38-in-ytd-558399-2026-09-29)
- 2026-09-29 — Mint: **Top stocks to watch today: Why IRFC, Ola, NCC, Tata stocks must be on radar? Full list for Tuesday, 29 September** — Top stocks to watch today: Indian Railway Finance Corporation (IRFC), Tata Group stocks, Ola Electric Mobility, ITC, NCC, Zydus Lifesciences are among the stocks likely to remain in focus on Tuesday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-why-irfc-ola-ncc-tata-stocks-must-be-on-radar-full-list-for-tuesday-29-september-11790645272995.html)
- 2026-09-29 — Economic Times: **Stocks in news: Tata Group, ITC, IRFC, NCC, Zydus Lifesciences and JSW Energy** — The Indian equity markets faced a significant downturn, with benchmark indices slipping past vital support thresholds. The Nifty 50 saw a decline of 360.25 points, reflecting increased investor anxiety. Key players like Tata Group, ITC, and Indian Railway Finance Corporation draw attention following recent news. Analysts suggest that if the market falls further below these critical levels, the correction may continue. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-tata-group-itc-irfc-ncc-zydus-lifesciences-and-jsw-energy/articleshow/134548442.cms)
- 2026-09-28 — Mint: **Top stocks in focus tomorrow: Investors must watch HCL Tech, NCC, IRFC, Power Mech shares on Tue, 29 Sept | Triggers** — Investors will focus on HCL Technologies, NLC India, Power Mech Projects, and others following recent business developments and contracts. Key announcements include HCL's acquisition of Robotiq.ai and NCC's ₹1,076.71 crore water supply contract in Andhra Pradesh. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-in-focus-tomorrow-investors-must-watch-hcl-tech-ncc-irfc-power-mech-shares-on-tue-29-sept-triggers-11790605116716.html)
- 2026-09-28 — FREEPRESSJOURNAL.IN: **IRFC Signs Rs 4,200 Crore DVC Loan, Renewable Energy Push Deepens** — IRFC signs a Rs 4,200 crore loan agreement with DVC to fund solar and battery storage projects across Jharkhand and West Bengal, strengthening its clean energy push. — [Source](https://www.freepressjournal.in/business/irfc-signs-rs-4200-crore-dvc-loan-renewable-energy-push-deepens)
- 2026-09-28 — CNBC-TV18: **Stocks to watch for September 29: IRFC, NCC, Clean Max and more** — From IRFC signing a ₹4,200 crore term loan agreement with Damodar Valley Corporation to Pidilite Industries partnering with South Korea-based Hwaseung Chemical to bring its footwear adhesive technology to Indian manufacturers; these are stocks to track ahead of Tuesday trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-september-29-irfc-ncc-clean-max-and-more-20000211.htm)
- 2026-09-28 — CNBC-TV18: **IRFC expands beyond railways with ₹4,200 crore renewable energy loan to DVC** — The financing will support floating, ground-mounted and rooftop solar projects as well as battery storage across Jharkhand and West Bengal. — [Source](https://www.cnbctv18.com/market/irfc-expands-beyond-railways-with-rs4200-crore-renewable-energy-loan-to-dvc-20000199.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: 2026-11-06
- Source: Faxioms public stock analysis API

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