IRFC Q2 Results FY27: State-owned Indian Railway Finance Corporation (IRFC) on Thursday, October 15, reported a 10.2 per cent year-on-year increase in net profit to Rs 1,958.48 crore for the quarter ended September 30, 2026, compared with Rs 1,776.98 crore in the corresponding quarter of the previous financial year.
The railway financing company’s revenue from operations rose 23.5 per cent YoY to Rs 7,866.41 crore, against Rs 6,371.89 crore in Q2 FY26, according to its stock exchange filing.
On a sequential basis, IRFC’s net profit increased 1.6 per cent from Rs 1,927.21 crore in the June quarter. However, revenue from operations declined 4.8 per cent from Rs 8,261.11 crore in Q1 FY27.
IRFC dividend 2026: Rs 1.15 per share announced
The company’s board of directors declared a second interim dividend of Rs 1.15 per equity share with a face value of Rs 10 each for the financial year 2026-27.
IRFC dividend 2026 record date
IRFC has fixed Friday, October 23, 2026, as the record date to determine shareholders eligible to receive the dividend.
According to the exchange filing, the dividend will be paid within 30 days of its declaration to eligible shareholders.
IRFC Q2 results: Key financial highlights
IRFC’s total income, including other income, stood at Rs 7,924.46 crore in Q2 FY27, compared with Rs 6,371.91 crore in the year-ago period.
The company’s finance costs increased to Rs 5,917.08 crore from Rs 4,544.42 crore a year earlier.
Meanwhile, earnings per share rose to Rs 1.50 in the September quarter from Rs 1.36 in the corresponding quarter last year.
For the first half of FY27, IRFC reported a profit of Rs 3,885.69 crore, compared with Rs 3,522.67 crore in the same period of FY26.
IRFC board approves NBFC Upper Layer transition policy
In another development, IRFC’s board approved a policy for transitioning to the Non-Banking Financial Company (NBFC) Upper Layer regulatory framework.
The approval was among the decisions taken at the board meeting held on October 15, 2026. The filing did not provide further details about the implementation timeline for the transition policy.
The Government of India’s shareholding in IRFC stood at 82.90 per cent as of September 30, 2026, compared with 84.65 per cent at the end of March 2026.
The reduction followed an Offer for Sale conducted on June 24 and 25, 2026, through which the government divested a 1.75 per cent stake in the company.
IRFC primarily provides leasing and financing services to India’s railway sector, including funding for railway infrastructure projects.