• FY27 disbursements: IRFC expects this year’s disbursements to surpass last year’s nearly ₹35,000 crore. Management said H1 revenue grew in the 20% line and PAT in the 10% line, in line with its double-digit growth guidance.
• Non-IR pipeline: The non-IR pipeline is ₹98,000 crore plus, nearly 20% of the total pipeline. The company is pursuing metro railway, port and renewable-energy businesses alongside its core railway financing.
• Railway funding: Management cited the announced Dankuni-to-Surat East-to-West Dedicated Freight Corridor of more than ₹3 lakh crore, 8 new-line projects and 7 high-speed rail corridors. IRFC is working with the World Bank, other multilaterals and domestic players on a funding solution for ₹20 lakh crore of investment over the next decade.
• Margin outlook: Management said H2 NIM stood at 1.50 despite provisions, and expects an upward trend as higher-yield business replaces some railway lending. It cited non-IR margins of 2 to 2.5% versus 1.4 from Railways, and said disbursements can earn more than 2.5% margins.
• Return ratios: Management expects ROA and ROE to keep improving, without giving specific targets, and said it sees no stagnation or decline. It cited net worth above ₹60,000 crore, growing by ₹5,000 crore each year, alongside PAT growth of 10%.