IRFC reports Rs 1,802.19 crore net profit for Q3FY26

Indian Railway Finance Corporation (IRFC) reported Rs 1,802.19 crore net profit for the third quarter of financial year 2025-26. In a statement to the exchanges, the Navratna said this was its highest-ever profit. The Railway public sector undertaking had reported Rs 1,630.66 crore bottomline for the quarter ending December 2024.

Total income for Q3FY26 stood at Rs 6719.23 crore, down from Rs 6766.39 crore a year ago.

“Net Interest Margin (NIM) for the quarter improved by over 8% on a year-on-year basis,
supported by value-accretive disbursements in diversified segments and disciplined liability
management,” the company said.

Commenting on the lower year-on-year moderation quarterly income, IRFC said this was largely on account of a one-year extension of a moratorium granted by the Ministry of Railways for a project lease agreement, impacting revenue recognition during the period.

“Full-year sanction guidance of Rs 60,000 crore was already achieved by the end of the third quarter,” said Manoj Kumar Dubey, IRFC Chairman and Managing Director.

IRFC’s Assets Under Management (AUM) rose to Rs 4.75 lakh crore as of December 31, 2025 – the highest in the company’s history, the company added.Shares of the company closed 1.27% lower at Rs 120.65 a scrip during trade on Monday.

BHEL reports Rs 390.40 crore net profit for Q3

Bharat Heavy Electricals Limited has reported a nearly three times rise in consolidated net profit at Rs 390.40 crore for the third quarter of financial year 2025-26. Total income during the months under review stood at Rs 8691.85 crore, up from Rs 7385 crore in the same months a year ago. Consolidated total expense stood at Rs 8188.26 crore, up from Rs 7224.51 crore in the quarter ending December 2024.

The company also said it is scrapping a plan to set up a centre of excellence (COE) for propulsion systems in Karkhiyaon, Varanasi (Uttar Pradesh). The plan to set up the COE was announced in January 2024.

“The products originally planned for the new plant at Karkhiyaon, Varanasi, are now being planned at other BHEL locations,” a company statement said.

Commenting on the impact of New Labour Codes effective November 21, 2025, the company auditors said the Company has created provision for gratuity in respect of fixed-tenure employees in line with the guidance issued by the Institute of Chartered Accountants of India (ICAI).

Shares of BHEL closed 0.94% lower at Rs 263.05 a scrip during trade on Monday.