Indian Railway Finance Corporation Limited — Investor Meet, 30-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

IRFC's Q1 FY26 earnings call highlighted robust performance, with NIM at 1.51% and PAT up 11% YoY. The company is diversifying under 'IRFC 2.0', focusing on entities with railway linkages. FY26 disbursement target is ₹30,000 Cr, with ₹3,000 Cr in Q1 and accelerated refinancing expected in Q2. Sanction target is ₹60,000 Cr, with ₹25,000 Cr already sanctioned. AUM is projected to exceed ₹5 lakh Cr by FY27. IRFC maintains a zero-NPA focus, leveraging its low cost of capital (~7%) and minimal overheads (~0.1%) to offer competitive rates while securing 80-150 bps spreads on new business. Management expressed confidence in continued growth.