Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Indian Railway Finance Corporation Limited recorded a 10.51 per cent rise in net profit for the third quarter of the current financial year, even as its total income saw a marginal decline. The railway financing arm benefited from lower expenses and steady asset growth during the quarter. Assets under management reached a record level, while net worth strengthened compared to the previous fiscal year. The company also achieved its full-year sanction target within nine months, reflecting continued funding support for Indian Railways'; rolling stock and infrastructure requirements.
Indian Railway Finance Corporation Limited reported a 10.51 per cent increase in net profit to INR 1,802 crore for the third quarter ended December 2025, according to a regulatory filing made earlier in the past week. The state-owned non-banking financial company operates under the administrative control of the Ministry of Railways. Advertisement
In the corresponding quarter of the previous year, the company had posted a net profit of INR 1,631 crore. The profit growth during the latest quarter was supported by a reduction in overall expenses, even though revenue remained largely flat.
Total income during the October-December period stood at INR 6,719 crore, slightly lower than INR 6,766.39 crore recorded in the same quarter a year earlier. Meanwhile, total expenses declined to INR 4,917.04 crore from INR 5,135.7 crore in the year-ago period, helping improve profitability.
IRFC's net worth increased to INR 52,046 crore at the end of December 2024, compared to INR 47,443 crore at the end of the third quarter of the previous financial year. The rise reflects steady internal accruals and balance sheet strengthening over the past year.
During the period, the company also achieved its annual sanction guidance of INR 60,000 crore within the first nine months of the financial year. This milestone indicates sustained demand for funding from Indian Railways for projects related to rolling stock acquisition and infrastructure development.
Assets under management rose to a record INR 4.75 lakh crore as of the end of December 2025. IRFC has consistently expanded its loan book in recent years as Indian Railways continues to rely on the company for market borrowings to fund capital expenditure while managing budgetary constraints.
Source PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
