Indian Railway Finance Corporation (IRFC) has announced an interim dividend of ₹1.05 per share for shareholders and set March 13 as the record date. The company’s board has also approved a borrowing plan of up to ₹70,000 crore for FY27 to support railway infrastructure financing.
India Railway Finance Corporation (IRFC), in its board meeting, has announced an interim dividend of Rs 1.05 per share of Rs 10 each for FY26. The record date for the payout has been set for March 13, 2026.
As per the railway entity’s regulatory filing, dividend payment shall be made through electronic mode only. The provision for remittance of dividend via physical instruments such as cheques or warrants has been discontinued, it added.
In the meeting, the company’s board of directors also approved the raising of funds up to Rs 70,000 crore for FY27. The railway entity added that the funds shall be raised at an appropriate time, keeping in view the market conditions and funding requirements.
“These roadshows are also part of the Company’s strategy to broaden the lender base and mobilise long-term funds at competitive rates and favourable terms, while strategically diversifying IRFC’s currency profile,” IRFC stated in its official press release.
This is the second consecutive interim dividend by the PSU for this year. It had paid out an interim dividend of Rs 1.05 per share in Q2. On March 4, the company’s senior delegation met Japanese/Taiwanese regional investors in Singapore for the ECB (External Commercial Borrowing) roadshow.
The company has a consistent track record of dividend payouts since its listing in 2021, having declared multiple interim and final dividends.
IRFC has historically undertaken significant borrowing programs, such as the Rs. 66,500 crore approved for FY2022-23, demonstrating its capacity to access large-scale funding.
IRFC, which is a Schedule 'A' Public Sector Enterprise under the Ministry of Railways, was established in 1986 to mobilize funds for Indian Railways' capital expenditure needs.
It operates as a dedicated financing arm, raising funds through various market instruments like bonds, term loans, and ECBs, and then leasing assets to Indian Railways on a finance lease basis.
The railway company’s revenue from operations saw a YoY decline of over 1% at Rs 6,661 crore in comparison to Rs 6,763 crore posted for Q3FY25.
The share price of IRFC closed in red today (March 9, 2026) at Rs. 97.75, down nearly 2% from its previous close. Over the past one month, the company’s stock has declined by 15%. Over the past one year, IRFC’s stock has fallen by over 18%.
IRFC is diversifying its financing portfolio beyond railways to include other infrastructure sectors like metro rail, renewable energy, and logistics, aiming to become a pan-infrastructure financier.