IRFC shares slide over 1% as Q4 profit contracts 2% YoY to ₹1,682 crore, board approves raising ₹60,000 crore

However, on a sequential basis, the Navratna company’s growth in profit remained flat on the positive side, marginally up from ₹1,630.66 crore in the December quarter of FY25.

For the fourth quarter of the 2024-25 fiscal year, the company’s revenue from operations stood at ₹6,722.83 crore, growing 3.83% YoY from ₹6,474.58 crore. However, the revenue slipped marginally by 0.60% quarter-on-quarter (QoQ) from ₹6,763.69 crore in Q3FY25.

Commenting on the quarterly results, IRFC CMD Manoj Kumar Dubey said: "We are actively working towards garnering cheaper sources of funding through various sources, including zero coupon bonds, capturing more of capital gain tax exemption bonds, leveraging the cheaper domestic bond market, and by deploying these resources at the most competitive rates.”

IRFC board greenlights raising resources up to ₹60,000 crore

IRFC’s board of directors also approved a borrowing plan to raise resources worth ₹60,000 crore for the 2025-26 fiscal from domestic and international markets.

The borrowing will be done through a prudential mix of tax-free bonds, taxable bonds on private placement, or a public issue basis, including Government Guaranteed Bonds, Government Serviced Bonds, Zero-Coupon Bonds, ESG Bonds, and more.

This will be done at an “appropriate time, keeping in view the market conditions and requirements of funds of the Company for meeting the funding requirement of Indian Railways, if any, new business activities, committed liabilities, refinancing of existing loans and for other general corporate purposes in one or more tranches during the financial year,” the company said.

Besides, the board of IRFC approved the appointment of Randhir Sahay as Director (Finance) with effect from the date of assumption of charge, i.e., May 1, 2025.

IRFC share performance

Reacting to the contraction in profit, the shares of IRFC closed in the red at ₹127.17 apiece, down 1.27% on the National Stock Exchange (NSE) on Monday.

The stock lost 0.53% over the last week but gained 2.21% month-to-date. On a year-to-date basis, the scrip slipped 14.67%.

The share hit a 52-week low of ₹108.04 apiece on March 3, 2025 and a high of ₹229.00 on July 15, 2024

Indian Railway Finance Corporation (IRFC) has a total market capitalisation of ₹1.67 lakh crore as of April 28, 2025, on the NSE.