IRFC has successfully achieved its annual sanction guidance of ₹60,000 crores within nine months while making significant progress on its disbursement targets. The railway financing company has distributed 75% of its ₹30,000 crore disbursement goal and remains on track to meet the full target, demonstrating strong operational performance across multiple financial metrics.

Sanction Achievement Milestone

The achievement of the annual sanction guidance within nine months highlights IRFC's robust operational capabilities and efficient execution of its lending activities. The company's ability to reach this target ahead of schedule indicates strong demand for railway infrastructure financing and effective management of its loan portfolio.

Disbursement Progress

The company has made substantial progress on its disbursement activities, having already distributed 75% of its ₹30,000 crore disbursement target. This achievement demonstrates IRFC's effective fund deployment capabilities and its commitment to supporting railway infrastructure development through timely financial assistance.

Operational Excellence

The dual achievement in both sanctions and disbursements reflects IRFC's strong position in the railway financing sector and its ability to effectively serve the infrastructure development needs of Indian Railways. The company's performance demonstrates operational efficiency in both processing loan sanctions and executing timely disbursements.

This comprehensive performance across sanction and disbursement metrics positions IRFC favorably for continued growth and reinforces its role as a key financial partner in India's railway infrastructure development initiatives.

Indian Railway Finance Corporation (IRFC) has delivered exceptional third quarter results, achieving its full-year sanctions guidance of ₹60,000 crore within just nine months of the financial year. The state-run railway financing corporation announced these milestone achievements alongside record-breaking quarterly financial performance, posting its highest-ever quarterly profit for the third consecutive quarter.

Record Financial Performance

The company reported its highest-ever quarterly net profit of ₹1,802.19 crore for the December quarter, representing a robust 10.52% year-on-year growth. Net interest margins improved by over 8% year-on-year during the quarter, aided by value-accretive disbursements across diversified segments and disciplined liability management under the company's IRFC 2.0 strategy.

Nine-Month Performance and Business Milestones

For the nine months ended December, profit after tax rose to ₹5,324.86 crore, up from ₹4,820.13 crore in the same period last year, reflecting a 10.47% growth. IRFC's achievement of its full-year sanctions guidance of ₹60,000 crore within nine months demonstrates strong business momentum and operational efficiency, completing the target three months ahead of schedule.

Strategic Transactions and International Funding

IRFC refinanced ₹9,821 crore of DFCCIL's World Bank loan, replacing foreign currency exposure with rupee financing. The transaction generated meaningful savings, reduced risk for the railway project, and created a scalable refinancing template for other rail and rail-linked infrastructure assets. During the quarter, IRFC strengthened its funding profile by securing JPY 46.458 billion in external commercial borrowing from Sumitomo Mitsui Banking Corporation, marking its first international commercial borrowing after a multi-year pause.

Assets Growth and Future Outlook

Assets under management reached a record ₹4.75 lakh crore as of December, the highest in the company's history, despite no fresh business from Indian Railways during the period. The growth was driven by diversification initiatives into allied infrastructure segments under IRFC 2.0. The company maintained its zero NPA status throughout the period.

IRFC's disbursement target of ₹30,000 crore for the year remains on track, with three-fourths already disbursed by the end of the third quarter. Looking ahead, the company expects higher-margin diversified lending and fresh project agreements with Indian Railways to support growth from the next financial year, while exploring opportunities in co-financing, refinancing of rail-linked projects, and selective expansion into areas such as metro rail, renewable energy, logistics, and ports.