Why IRFC Shares Got Hammered Today

In Q3 FY26, total income was Rs 67,192.3 m, a small drop YoY. This was largely due to a one-year extension of a moratorium granted by the Ministry of Railways for a project lease agreement, impacting revenue recognition during the period.

IRFC reported a net profit of Rs 18,021 m, YoY growth of 10.5%, marking the highest-ever quarterly net profit in the company's history.

The assets under management (AUM) rose to a record Rs 4,750 bn as of December 2025; the highest in the company's history; despite the absence of fresh business from Indian Railways during the period.

The growth was driven by diversification initiatives undertaken with a whole-of-government approach.

The company has already achieved its annual sanction guidance of Rs 600 bn within nine months itself.

The initiation of new funding opportunities in areas such as ports, rail logistics, and metro projects is anticipated to support IRFC's robust performance.

While the company may find scope to enhance its margins, there is also the potential risk of encountering non-performing assets (NPAs), an issue it has not faced previously.

Overall, the outlook for IRFC remains positive in the long term.

How shares of IRFC have performed recently

IRFC's shares closed at Rs 104.55 on the BSE today, 25 February 2026. In the last one month, the stock is down 9%.

Over the last one year, the stock is down 15%.

The stock touched its 52-week high of Rs 148.9 on 9 June 2025 and its 52-week low of Rs 104.4 on 25 February 2026.

IRFC Share Price - 1 Month

About IRFC

Indian Railway Finance Corporation Ltd is the financing arm of the Indian Railways. It's engaged in the business of borrowing funds from the financial markets to finance the acquisition/creation of assets which are then leased out to the Indian Railways or any entity under the Ministry of Railways.

It's registered as a systemically important non-deposit-taking non-banking financial company (NBFC - ND-SI) and an infrastructure finance company (NBFC-IFC) with the Reserve Bank of India (RBI).

The objective of IRFC is to fulfil a major share of the Indian Railways' 'Extra Budgetary Resources' (EBR) needs by securing market borrowings at the most competitive rates and terms. These funds are used to acquire of rolling stock assets, then leased to Indian Railways or to develop railway infrastructure.

For more details, see the IRFC company fact sheet and quarterly results. For a sector overview, read our finance sector report.

You can also compare IRFC with its peers:

IRFC vs REC

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Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

Happy investing.

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