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PRIVATE & CONFIDENTIAL Indian RailwayFinance Corporation Limited Performance Highlights For the Half year ended 30th September 2025 15th October 2025
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PRIVATE & CONFIDENTIAL Snapshot of the Company ◼ IRFC is registered with RBI as a systemically important NBFC- ND-IFC, Majorly owned by the GoI acting through Ministry of Railways (MoR) ◼ It is the dedicated market borrowing arm for the Indian Railways ◼ Primary business: financing the acquisition of rolling stock assets; leasing of railway infrastructure assets and national projects of the Government of India and lending to other entities under the MoR All numbers are as on 30th September 2025 Net Gearing Ratio (Upto HY1 FY 25-26) 7.25x CRAR % (Upto HY1 FY 25-26) 258.61% Total Debt (Upto HY1 FY 25-26) INR 4,07,613.64Cr 1.55% Annualized NIM (Upto HY1 FY 25-26) Ratings CRISIL AAA | CRISIL A1+ ICRA AAA | ICRA A1+ CARE AAA | CARE A1+ RoE / RoA (Upto HY1 FY 25-26) AUM ( HY1 FY 25-26) INR 4,61,973.43 Cr GNPA Tax Liability NIL Net worth (Upto HY1 FY 25-26) INR 56,193.85 Cr 13.09 / 1.42% NIL Company Overview AUM Break-Up (Upto HY1 FY 25-26) Minimal credit risk : 98.25% of AUM is exposure to MoR 2 Annualized Lease Receivables R/S Asset (incl. NTPC BOBR Rakes), 30.61% Lease Receivables Project Assets, 19.12% Advance against Railway Infrastructure Assets to be leased , 48.55% Loan to RVNL, NTPC REL, ASRL &BRBCL, 1.72%
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Key Strengths ◼ IRFC borrows on a long-term basis to align with the long-term tenure of the assets financed ◼ MoR is required to provide for any shortfall in funding under the Standard Lease Agreement. ◼ Exempted from the RBI’s asset classification norms, provisioning norms, exposure norms to the extent of direct exposure on MoR and is not required to pay ‘minimum alternate tax’ with effect from Fiscal 2020 under section 115BAA of Income Tax Act. ◼ Dedicated market borrowing arm for the Indian Railways (IR) ◼ AUM as on 30th September 2025 stands at INR 4,61,973.43 crore ◼ Strategic relationship with the MoR enables us to maintain a low risk profile ◼ Cost-Plus Standard Lease Agreements with MoR ◼ Consistent spreads on Rolling Stock and Project Assets over last five years ◼ Highest credit rating for an Indian issuer from ICRA, CRISIL & CARE ◼ Diversified funding sources of various maturities & currencies ◼ Competitive cost of Borrowing to keep finance cost under check ◼ PAT upto HY1 FY 25-26 stands at Rs. 3,522.67crore and grew by 10.45 % as compared to the corresponding previous HY1 FY 24-25. ◼ Revenue from operationsupto HY1 FY 25-26 stands at Rs 13,287.27 Cr ◼ Low overheads, administrative costs and high operational efficiency ◼ Healthy return ratios – RoA at 1.42% and RoE at 13.09% upto HY1 FY 25- 26(Annualized) Consistent financial performance 5 Strong Asset-Liability Management 4 CompetitiveCost of Borrowings 3 Strategic role in growth of Indian Railways 1 Enjoys Regulatory Exemptions 6 Low risk, Cost –Plus business model 2 NIL 4,61,973.43 Cr AUM (Upto HY1 FY 25-26) GNPA ( HY1 FY 25-26) Long term Ratings Tax Liability Net Worth (HY1 FY 25-26) PRIVATE& CONFIDENTIAL 3 CumulativeGap over 5 yrs AAA NIL 56,193.85 Cr NIL