IRIndian Railway Finance Corporation543257Railway finance, NBFC

IRFC reported strong Q2 results with zero NPA, double-digit revenue and PAT growth, and diversification into non-railway businesses; stock up about 2.5% intraday

By ScoutQuest · Fri 16 Oct 2026, 1:03 PM IST · 1 min read

Stock move today

2.5 percent

H1 revenue growth

20 percent plus

Railway business margin

35 paisa

Metro business margin

90 bips

Overhead cost ratio

15 paisa to revenue

Heard on business television between 13:14:00 - 13:17:00 IST.

• CMD Manoj Kumar Dubey said H1 revenue grew over 20% and PAT growth has been double-digit for five of the last six quarters.
• Growth driven by diversification into non-railway segments (metro, ports, power, renewable, Genco/Transco), which earn margins of 90-120 bps versus 35 paisa on railway business.
• Said IRFC's overhead cost is industry-low at 15 paisa to revenue versus 70-80 paisa for peers, and zero-NPA status lowers borrowing costs.
• Expects AUM to reach about 5 lakh crore rupees this FY from 4.85 lakh crore in FY26, with disbursements to exceed last year's 35,000 crore rupees.
• Guided that by FY28-29 annual disbursements could cross 50,000-60,000 crore rupees as dedicated freight corridor and high-speed rail projects ramp up, with railway-to-non-railway mix moving to 60:40 by 2030.

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