IRIndian Railway Finance Corporation543257Quarterly results

Q2 FY27 results, interim dividend of Rs. 1.15 per share and NBFC Upper Layer policy approved

Board approved the unaudited results for the quarter and half year ended 30 September 2026, declared an interim dividend of Rs. 1.15 per equity share with record date 23 October 2026.

By ScoutQuest · Thu 15 Oct 2026, 3:56 PM IST · 2 min read

Revenue from operations (Q2)

Rs. 7,866.41 crore

Net profit (Q2)

Rs. 1,958.48 crore

Interim dividend

Rs. 1.15 per equity share, record date 23 October 2026

Results for the quarter and half year ended 30 September 2026

• Revenue from operations for the quarter was Rs. 7,866.41 crore, compared with Rs. 6,371.89 crore in the quarter ended 30 September 2025.
• Net profit for the quarter was Rs. 1,958.48 crore, against Rs. 1,776.98 crore a year earlier.
• For the half year ended 30 September 2026, net profit was Rs. 3,885.69 crore.
• The results are unaudited and were reviewed by the Audit Committee and approved and taken on record by the Board at its meeting on 15th October 2026, along with the cash flow statement and the statement of assets and liabilities as on that date.

Interim dividend

The Board declared an interim dividend of Rs. 1.15 per equity share for the financial year 2026-27. The record date for determining which shareholders are eligible is Friday, 23rd October 2026.

Dividend is payable only through electronic mode. Shareholders holding shares in demat form should register or update their bank details with their depository participant, and those holding shares in physical form should update KYC and bank account details with the company or its registrar. Dividend income is taxable in the hands of shareholders and tax is deducted at source.

Balance sheet

Net worth as at 30 September 2026 was Rs. 60,573.35 crore.

Shareholding

The Government of India held 82.90% as at 30 September 2026.

Other board decisions and disclosures

• The Board approved the Policy for Transition to the NBFC Upper Layer Regulatory Framework.
• The composition of the Board was not as per the provisions of the SEBI (LODR) Regulations due to insufficient number of Independent Directors appointed by the Government of India; the company states it is regularly writing to the Ministry of Railways for the appointment of the requisite number of Independent Directors on the Board.
• Shareholders are requested to claim any unpaid or unclaimed dividend from the company or its Registrar and Transfer Agent, as dividends not encashed for a consecutive period can be transferred to the Investor Education and Protection Fund along with the shares relating to such unclaimed dividends.
• The company has exercised the option under Section 115BAA of the Income Tax Act, 1961, and states that its taxable income under the provisions of that Act comes to NIL and that it is outside the applicability of MAT provisions.

What this announcement covers

The update combines the company's results for the September 2026 quarter and half year, a dividend declaration with a record date later this month, and a board-approved policy for moving to the NBFC Upper Layer regulatory framework. The quarterly profit figure is higher than in the corresponding quarter of the previous year, and the declared dividend gives shareholders a defined record date for eligibility. The policy approval relates to the regulatory framework the company plans to operate under as a non-banking financial company.

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