Financial Institutions company Indian Railway Finance Corporation announced Q4FY26 & FY26 results Financial Highlights: Revenue from Operations: Q4FY26: Stood at Rs 7,335.75 crore, recording a QoQ increase of 10.13% compared to Rs 6,661.13 crore in Q3FY26, and a YoY growth of 9.12% against Rs 6,722.83 crore in Q4FY25. FY26: Reported at Rs 27,284.15 crore, marking a marginal YoY growth of 0.49% compared to Rs 27,152.14 crore in FY25. Total Income: Q4FY26: Reached Rs 7,328.68 crore, reflecting a QoQ increase of 9.07% from Rs 6,719.23 crore in Q3FY26, and an 8.99% YoY growth from Rs 6,723.80 crore in Q4FY25. FY26: Stood at Rs 27,338.06 crore, a YoY increase of 0.67% against Rs 27,156.41 crore in FY25. Net Profit After Tax (PAT): Q4FY26: Recorded at Rs 1,684.31 crore, showing a QoQ decline of 6.54% from Rs 1,802.19 crore in Q3FY26, but a slight YoY increase of 0.15% from Rs 1,681.87 crore in Q4FY25. FY26: Reached its highest-ever level of Rs 7,009.17 crore, demonstrating a healthy YoY growth of 7.80% compared to Rs 6,502.00 crore in FY25. Total Comprehensive Income: Q4FY26: Stood at Rs 1,494.63 crore, registering a QoQ drop of 17.14% from Rs 1,803.75 crore in Q3FY26, and a YoY decline of 10.34% from Rs 1,666.99 crore in Q4FY25. FY26: Reached Rs 6,824.46 crore, marking a YoY growth of 5.21% compared to Rs 6,486.33 crore in FY25. Net Worth: Rose to an all-time high of Rs 56,748.76 crore as of 31st March 2026, compared to Rs 52,667.77 crore as of 31st March 2025. Earnings Per Share (EPS): Basic and Diluted EPS for Q4FY26 stood at Rs 1.29, flat compared to Rs 1.29 in Q4FY25 and down from Rs 1.38 in Q3FY26. Annual EPS for FY26 improved to Rs 5.36 from Rs 4.98 in FY25. Business & Operational Highlights: Segment-wise Performance: The Company's main business is to provide leasing and financing to the Railway Sector in India. Therefore, there are no separate reportable business segments within the meaning of the Indian Accounting Standard (Ind AS 108). Asset Quality & Margins: IRFC maintained its pristine zero NPA (Non-Performing Assets) status. The Net Interest Margin (NIM) improved to 1.50%, growing by 6% in comparison to the previous year, driven by higher-yielding assets contributing to enhanced spreads. Record Assets Under Management (AUM): AUM hit a record high, expanding to approximately Rs 4.85 lakh crore. The Company’s total assets crossed the landmark milestone of Rs 5 lakh crore for the first time, standing at Rs 5,16,676.48 crore in the balance sheet. Project Sanctions & Disbursements: During FY26, IRFC sanctioned projects worth Rs 72,949 crore and disbursed approximately Rs 35,067 crore, exceeding its annual guidance and demonstrating a rapid scale-up of its diversified lending portfolio. Competitive Financing: The Company actively participated in competitive and bilateral financing opportunities, securing bids worth around Rs 56,251 crore. Key Strategic Transactions: Refinanced Dedicated Freight Corridor Corporation of India Limited's (DFCCIL) World Bank exposure through a Rs 9,821 crore long-term rupee facility, resulting in savings of approximately Rs 2,700 crore. Executed a Rs 12,842 crore refinancing deal for Hindustan Urvarak & Rasayan Limited (HURL), marking its successful entry into large-ticket refinancing within the fertilizer sector. Global Market Presence: IRFC further strengthened its presence in global markets through successful external commercial borrowing (ECB) transactions, which witnessed strong investor participation and enabled the optimization of borrowing costs. Manoj Kumar Dubey, Chairman & Managing Director, IRFC, said: "FY26 has been a defining year for lRFC. We have successfully built a diversified infrastructure financjng platform while remaining firmly aligned to our core mandate of supporting infrastructure within the railway ecosystem. Our diversification strategy is now translating into stronger spreads, improved margins and enhanced Shareholder value. IRFC has demonstrated its ability to compete effectively in the broader infrastructure financing market while maintaining financial prudence and its long-standing record of zero NPAs. As a Navratna CPSE, lRFC has been entrusted with a larger responsibility in supporting nation-building infrastructure, and we are wellpositioned to play a bigger strategic role in lndia's infrastructure growth story." "The audited financial results for the quarter and year ended March 31, 2026 reflect a structural shift in IRFC's business model, from a traditional railway financier to a diversified infrastructure financing institution keeping Railways at its Centre." Result PDF
Aerospace & Defence company Hindustan Aeronautics announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from Operations for Q4FY26 was Rs 13,94,240 lakh, compared to Rs 13,69,985 lakh in Q4FY25, representing a YoY increase of 1.77%. On a QoQ basis, revenue increased by 81.10% from Rs 7,69,880 lakh in Q3FY26. Total Income for Q4FY26 stood at Rs 15,09,297 lakh, up 5.17% YoY from Rs 14,35,138 lakh and up 75.24% QoQ from Rs 8,61,260 lakh. Net Profit for the Period for Q4FY26 was Rs 4,19,604 lakh, registering a YoY growth of 5.52% from Rs 3,97,663 lakh and a QoQ growth of 124.79% from Rs 1,86,666 lakh. Annual Revenue from Operations for FY26 reached Rs 33,08,882 lakh, reflecting a 6.80% increase from Rs 30,98,095 lakh in FY25. Annual Total Income for FY26 was Rs 36,78,795 lakh, compared to Rs 33,54,264 lakh in FY25, an increase of 9.68%. Annual Net Profit for FY26 stood at Rs 9,11,552 lakh, showing an 8.98% growth over Rs 8,36,405 lakh in FY25. Earnings Per Share (EPS) for Q4FY26 was Rs 62.74, compared to Rs 59.46 in Q4FY25. For the full year FY26, EPS reached Rs 136.30. Standalone Financial Highlights: Revenue from Operations for Q4FY26 was Rs 13,94,332 lakh, up 1.78% YoY from Rs 13,69,987 lakh and up 81.11% QoQ from Rs 7,69,887 lakh. Total Income for the quarter stood at Rs 15,09,568 lakh, an increase of 5.18% YoY from Rs 14,35,261 lakh and up 75.28% QoQ from Rs 8,61,238 lakh. Net Profit for the Period for Q4FY26 reached Rs 4,18,428 lakh, a YoY increase of 5.71% from Rs 3,95,825 lakh and a QoQ growth of 125.97% from Rs 1,85,172 lakh. Annual Revenue from Operations for FY26 was Rs 33,08,979 lakh, compared to Rs 30,98,092 lakh in FY25. Annual Net Profit for FY26 was Rs 9,07,567 lakh, growing by 9.12% from Rs 8,31,680 lakh in FY25. Standalone Net Worth as of March 31, 2026, increased to Rs 40,86,251 lakh from Rs 34,84,285 lakh as of March 31, 2025. Business Highlights: Segment Performance: The Ministry of Corporate Affairs has exempted the company from the application of Ind AS 108 on "Operating Segment" as it is a Government company engaged in defence production. Dividend: The Board of Directors at its meeting held on February 12, 2026, declared a first interim dividend of Rs 35 per equity share of Rs 5 each fully paid up (700%) for FY26. Offset Credit Benefits: Following an EAC of ICAI opinion on March 7, 2026, the company prospectively accounted for Offset Credit benefits received free of charge. This recognition resulted in a revenue increase of Rs 11,317 lakh and a profit increase of Rs 9,527 lakh for the year. Gratuity Ceiling Revision: The gratuity ceiling for eligible employees was revised from Rs 20 lakh to Rs 25 lakh effective October 1, 2025. The additional liability accruing to the company due to this change is Rs 32,733 lakh for FY26. FPQ Provisional Recognition: Fixed Price Quotation (FPQ) sales for FY26 have been provisionally recognised based on FY25 prices without any escalation, as final prices are yet to be firmed up. Inventory and Insurance: The company received a full and final settlement of Rs 1,033 lakh from insurance for company-owned inventory damaged during a 2022 flood. Result PDF