Results reported 15 October 2026 | Railway PSU NBFC
The Quick Take
IRFC’s Q2 FY27 net profit rose 10.2% to Rs 1,958.48 cr. Revenue from operations rose 23.5% to Rs 7,866.41 cr, but finance costs rose about 30%, so the spread is thin. The net interest margin is 1.50%.
Q2 FY27 snapshot (Rs crore)
| Metric | Q2 FY27 | Comparison |
|---|---|---|
| Revenue from operations | 7,866.41 | +23.5% YoY (Q2 FY26: 6,371.89) |
| Total income | 7,924.46 | Q1 FY27: 8,391.34 |
| Finance cost | 5,917.08 | Q2 FY26: 4,544.42 |
| Net profit | 1,958.48 | +10.2% YoY; Q1 FY27: 1,927.21 |
| EPS (basic) | Rs 1.50 | Rs 1.36 a year earlier |
- H1 FY27 PAT Rs 3,885.69 cr, against Rs 3,522.67 cr.
- Net worth Rs 60,573 cr, up from Rs 56,749 cr in March.
Management commentary
The CMD said the railway-centric diversification strategy is producing results, with non-railway business supporting margins and profit. No numeric guidance was given.
Initiatives and dividend
The board approved a policy for transition to the NBFC Upper Layer framework. An interim dividend of Rs 1.15 per share has a record date of 23 October 2026; one source cites Rs 1, so confirm before relying on it.
Risks
- Thin NIM with finance cost growing faster than revenue.
- Dependence on Indian Railways.
- The share price is down about 37% over one year per one source.
Setup
Neutral. Earnings are growing steadily on a thin-margin model. The dividend is the income draw; margins are the watch item.
This is educational analysis, not personalized investment advice. Do your own research before investing.
#niftyit #NiftyBank #Nifty50 #NSE #BSE #TradingTips #TradingSetup #trending #TradingDiscipline #stocktrading #StockInFocus #StockToWatch #IRFC
Leave a Reply