The Indian Railway Finance Corporation (IRFC) announced its earnings for the January-March quarter of FY26, revealing a profit after tax (PAT) of ₹1,684 crore, unchanged from the same period last year. This marks a decline from the ₹1,802 crore profit reported in the previous quarter. Total income for the quarter rose by 8.9% year-on-year to ₹7,328.68 crore, driven by a 4.9% increase in net interest income, which reached ₹1,812 crore. Despite rising expenses of ₹5,644.37 crore, up 11.9%, IRFC's overall performance for FY26 was strong, achieving a record PAT of ₹7,009.17 crore, a 7.8% increase from the previous fiscal year. Manoj Kumar Dubey, Chairman & Managing Director of IRFC, noted that FY26 has been pivotal for the company as it transitions from a traditional railway financier to a diversified infrastructure financing institution, focusing on sectors like power generation and renewable energy. The company sanctioned projects worth ₹72,949 crore and disbursed approximately ₹35,067 crore during the fiscal year, exceeding its annual targets. Following the earnings announcement, IRFC's share price fell nearly 1% on the Bombay Stock Exchange (BSE).