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News Topical, Digital Desk : Q3 Results: State-owned Indian Railway Finance Corporation (IRFC) on Monday released its results for the third quarter (Q3) ended December 2025. The company's net profit rose 10.5% year-on-year to ₹1,802 crore, compared to ₹1,631 crore in the same quarter last year. However, the company's operating income during the quarter declined 1.5% to ₹6,661 crore, compared to ₹6,763 crore in the same period last year. IRFC's total expenses in Q3 were ₹4,917.04 crore, a 7% increase from ₹4,594.93 crore in Q2 of FY26. In Q3 of last year, total expenses were ₹5,135.73 crore. The company stated in an exchange filing that net interest margin (NIM) increased by over 8% year-on-year. This improvement was driven by value-enhancing disbursements across various segments and careful management of liabilities under IRFC 2.0. Total revenue for the quarter was ₹6,719.23 crore, while the company's total revenue for the nine-month period increased to ₹20,009.38 crore. This increase was primarily driven by business diversification.
Reason for decline in earnings IRFC clarified that the primary reason for the slight decline in quarterly earnings on a year-on-year basis was the extension of the moratorium period by the Ministry of Railways on a project lease agreement by one year, which impacted revenue recognition in the quarter.
Management Statement Manoj Kumar Dubey, Chairman and Managing Director of IRFC, said, “This quarter reflects strong execution under IRFC 2.0. The Q3 performance demonstrates the robustness of our business model and the effectiveness of diversification into railway financing as well as supporting infrastructure segments.” He further added, “Importantly, we have achieved our annual sanction guidance of ₹60,000 crore in just 9 months, which aligns with our strong pipeline and swift execution capabilities.”
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