Indian Railway Finance Corp. Ltd. · NSE:IRFC
Indian Railway Finance — H1 FY2025-26 Earnings Presentation
18 slides from Indian Railway Finance's earnings presentation, Oct 15, 2025
Slide 1: Performance Highlights for Half Year Ended 30th September 2025
Indian Railway Finance Corporation Limited Performance Highlights For the Half year ended 30th September 2025 15th October 2025 PRIVATE & CONFIDENTIAL
Slide 2: Snapshot of the Company
Snapshot of the Company Company Overview AUM Break-Up (Upto HY1 FY 25-26) ◼ IRFC is registered with RBI as a systemically important NBFC- Minimal credit risk : 98.25% of AUM is exposure to MoR ND-IFC, Majorly owned by the GoI acting through Ministry of Loan to RVNL, NTPC REL, Railways (MoR) Lease AS
Slide 3: Key Strengths
Key Strengths AUM (Upto HY1 FY 25-26) Strategic role in growth of ◼ Dedicated market borrowing arm for the Indian Railways (IR) 1 Indian Railways 4,61,973.43 Cr ◼ AUM as on 30th September 2025 stands at INR 4,61,973.43 crore GNPA ( HY1 FY 25-26) ◼ Strategic relationship with the MoR enables us to ma
Slide 4: Strategic role in financing growth of Indian Railways
Strategic role in financing growth of Indian Railways Assets Under Management (Figures in INR crore) AUM Break-Up (Upto HY1 FY 25-26) 466148.28 464641.28 460047.84 462282.60 461973.43 429204.16 Minimal credit risk : 98.25% of AUM is exposure to MoR 368007.20 Loan to RVNL, NTPC REL, ASRL Lease &BRBCL
Slide 5: Competitive cost of borrowings based on strong credit ratings and diversified sources
Competitive cost of borrowings based on strong credit ratings in India and diversified sources of funding Borrowing Mix as on 30th September 2025 Particulars Rating Outlook (30th September 2025 ) Bonds (Including 54EC Bonds) LTL ECB NSSF & IIFCL STL Domestic: 5.15% 1.36% 16.83% Long term rating CRIS
Slide 6: Consistent Financial Performance
Consistent Financial Performance Net Interest Income & PAT 6,568.90 6,502.00 Net Interest Income PAT 6,428.85 6,412.10 6,205.38 6,203.37 6,167.16 6,089.84 4,514.61 4,416.13 3,522.67 3,590.30 3,224.32 3,189.47 FY 20-21 FY 21-22 FY 22-23 FY 23-24 FY24-25 HY1 FY 24-25 HY1 FY 25-26 Negligible Operating
Slide 7: Consistent Financial Performance
Consistent Financial Performance Return Ratios* CRAR and Net Gearing Ratio RoA RoE 9.62 9.38 9.00 15.97% 8.38 7.83 7.83 14.50% 722.89% 7.25 13.34% 13.66% 13.09% 672.85% 12.77% 12.97% 616.15% 484.88% 420.00% 433.15% 258.61% 1.35% 1.47% 1.31% 1.31% 1.34% 1.29% 1.42% FY 20-21 FY 21-22 FY 22-23 FY 23- 2
Slide 8: Key Ratios- FY 2025-26
Key Ratios- FY 2025-26 Particulars HY1 FY 2025-26 Net Interest Margin 1.55 % (Annualized) Return on Equity 13.09 % (Annualized) Net Gearing Ratio 7.25x CRAR 258.61 % EPS Rs 5.39 per share (Annualized) Interim Dividend Declared for FY 2025-26 Rs 1.05/- per share PRIVATE & CONFIDENTIAL 8
Slide 9: Snapshot of Key Financials
Snapshot of Key Financials Half Year Ended Year-Ended Particulars 30th Sept 2025 30th Sept 2024 Growth in % 31st March 2025 Revenue from Operations 13,287.27 13,664.97 -2.76% 27,152.14 Finance Cost 9,668.81 10,403.65 -7.06% 20,495.09 Net Interest Income 3,590.30 3,224.32 11.35% 6,568.90 Profit Befor
Slide 10: The Way Forward and Opportunities in Indian Railways
The Way Forward and Opportunities in Indian Railways As per charter, company can fund activities that have backward or forward linkage for the Railways Rolling Stock Lease Funding Railway Infrastructure Dedicated Freight Lines To entities other than MoR Through State JV Of Semi/High Speed Railway Co
Slide 11: Composition- Agreements Executed (Non-MoR)
Composition- Agreements Executed(Non -MoR) Figures are in INR Crores Sector-wise Share Percentage Agreements Executed in Name of Entity in % Executed H1 NTPC BOBR Rakes* 250 0.5% NTPC REL 5,000 9.9% 8% NTPC 5,000 9.9% ✓ 6% Power Generation ASRL 2,539 5.0% ✓ 10% SITCO 200 0.4% ✓ Renewable Energy BRBC
Slide 12: Composition- Disbursements (Non-MoR)
Composition- Disbursements(Non –MoR) Figures are in INR Crores Sector-wise Disbursement Details Disbursements Disbursement Name of Entity till date in HY1 38% NTPC BOBR Rakes 125 94 46% 16% NTPC REL 3,100 2,400 ASRL 2,472 2,472 BRBCL 1,097 1,097 Railways Power Renewables TOTAL 6,794 6,063 Disburseme
Slide 13: Investors Contact
Investors Contact For Equity shares: investors@irfc.co.in Investors For 54 EC Bonds: 54ecbonds@irfc.co.in Contact Bonds other than 54 EC: irfcbonds2@irfc.co.in
Slide 14: Thank You
Thank You PRIVATE & CONFIDENTIAL 14
Slide 15: Disclaimer
Disclaimer * The presentation is prepared based on un-audited financial statements of IRFC for the quarter ended 30th September 2025. *There is a possibility of Ind As financial results and the additional disclosures to be updated, modified or amended because of adjustments which may be required to
Slide 16: Financials- P & L Statement
Financials- P & L Statement Statement of Profit and Loss (All amounts is INR Crore, unless stated otherwise) Half Year Ended Half Year Ended Year Ended Particulars 30th Sept 2025 30th Sept 2024 31 March 2025 Revenue From Operations Interest Income 4,326.49 3,739.54 7,719.69 Lease Income 8,946.47 9,9
Slide 17: Financial-Balance Sheet –1/2
Financial-Balance Sheet –1/2 Balance Sheet (All amounts is INR Crore, unless stated otherwise) Half Year Ended Half Year Ended Year Ended Particulars 30th Sept 2025 30th Sept 2024 31 March 2025 ASSETS Financial Assets Cash And Cash Equivalents 18,750.48 12,064.14 5,680.29 Bank Balance Other Than Cas
Slide 18: Financials – Balance sheet (2/2)
Financials – Balance sheet (2/2) LIABILITIES AND EQUITY LIABILITIES Financial Liabilities Derivative Financial Instruments 2,679.52 1,750.20 2,230.72 Payables - Trade payables (i) Total outstanding dues of micro enterprises and small enterprises - - - (ii) Total outstanding dues of creditors other t
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