Indian Railway Finance Corporation Limited — Investor Meet, 23-10-2025: Analysts/Institutional Investor Meet/Con. Call Updates

IRFC reported strong financial results with Q2 FY25-26 PAT of INR 1,780 Cr (10%+ YoY growth) and H1 PAT of INR 3,523 Cr, its highest ever. Net worth surpassed INR 56,000 Cr, and NIM improved to 1.55%. An interim dividend of INR 1.05 per share was declared, maintaining a zero NPA record. Strategic diversification into renewable energy, transmission, and industrial infrastructure is paying off, with over INR 45,000 Cr in H1 agreements offering 2-3x higher margins. Management targets INR 30,000 Cr in disbursements for the full year and expects sustained double-digit AUM and PAT growth, focusing on high-quality government ecosystem clients. The outlook is confident, with no immediate MAT liability or equity dilution expected.