• Sanctions and disbursements: IRFC transitioned from a single-client model to diversify across government infrastructure, sanctioning ₹75,000 crore and disbursing ₹35,000 crore at competitive margins of 100 to 120 bps.
• Growth and margin outlook: Management expects double-digit growth across top line, PAT, EPS, and net interest margins (NIM) in FY27, building on its total NIM rising by nearly 6% to 1.5%.
• Sector lending pipeline: The company is expanding financing beyond freight corridors into metro rail, high-speed rail, power GENCOs and TRANSCOs, and fertilizer ventures like HURL, which received ₹12,000 crore.
• Operational cost advantage: Maintaining zero NPAs allows IRFC to secure low-cost domestic and foreign borrowing, while its B2B model maintains overhead costs at 15 paise per revenue compared to the competitor benchmark of 80 paise.