IRFC Q4 FY25 Results: Net Profit Falls by 2%, Revenue Grows 4% YoY; Approves ₹60,000 Crore Fundraising for FY26

Indian Railway Finance Corporation (IRFC) announced its financial results for the fourth quarter of FY25 today. The company reported a net profit of ₹1,681.87 crore, which is a decrease of 2.1% compared to ₹1,717.32 crore in the same quarter last year.

However, the revenue from operations during the March 2025 quarter showed a positive growth of 3.8% year-on-year (YoY), rising to ₹6,722.83 crore from ₹6,474.58 crore recorded in Q4FY24.

Fundraising Plan for FY26

Along with the quarterly results, IRFC’s board of directors approved a major fundraising plan for the upcoming financial year. The company plans to raise up to ₹60,000 crore during FY26. The funds will be sourced from both domestic and international markets.

The company said that the funds would be raised through a variety of financial instruments such as:

• Tax-Free Bonds

• Taxable Bonds (through private placement or public issue)

• Capital Gain Bonds

• Government Guaranteed Bonds

• Government Serviced Bonds

• Zero Coupon Bonds

• Perpetual Bonds

• Subordinated Bonds

• Market Linked Bonds

• Environment, Social, and Governance (ESG) Bonds

• Separately Transferable Redeemable Principal Parts (STRPP)

• Other types of bonds or debentures

IRFC added that fundraising could also include loans from banks and financial institutions, institutional financing, securitisation of future lease receivables, and external commercial borrowings (ECBs).

The timing and method of the fundraising will depend on market conditions and the company’s funding requirements, which may include meeting Indian Railways’ funding needs, supporting new business opportunities, refinancing existing debts, and general corporate purposes. The funds could be raised in one or more tranches during the year.

Read More, KPIT Technologies Q4 Results: Profit jumps 47%; declared dividend of ₹6; details here. 

IRFC Share Price Movement

IRFC’s stock has been under pressure recently:

• Over the last 3 months, the stock has dropped by 8%.

• Year-to-date (YTD) in 2025, the stock has declined by 16%.

• In the last six months, the stock has fallen by 12%.

• Over the past one year, the stock has recorded a 20% decline.

Despite the short-term weakness, IRFC shares have delivered strong gains over the longer term:

• Over the last two years, the stock price has jumped by 300%.

• Over a three-year period, it has skyrocketed by 465%.

On April 28, 2025, IRFC share price closed at ₹128.10, down by ₹0.70 or 0.54% for the day. The stock had opened at ₹128.00 and touched an intraday high of ₹129.60 and a low of ₹125.63. Earlier in the day, around 10:20 AM, the stock was trading at ₹128.68.

Conclusion

Despite a slight dip in quarterly profits, IRFC continues to show stable revenue growth and is gearing up for an ambitious fundraising plan to support future expansion and Indian Railways’ funding needs. While the stock has seen short-term weakness, its strong long-term returns highlight investor confidence in the company’s fundamentals.

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