Q1-FY26 · Manoj Kumar Dubey
We are walking the talk of what we started two quarters back in Q3 of last FY.
IRFC / language trends
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Indian Railway Finance Corporation · tone and specificity signals across the available quarters.
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Q1-FY26 · Manoj Kumar Dubey
Our margins are two to three X of what I used to get from Indian Railways.
Q1-FY26 · Manoj Kumar Dubey
We are not in the business of high-risk, high-margin assets. We are in the business of zero-risk, attractive assets.
Q2-FY25 · Manoj Kumar Dubey
We are making concrete plans and roadmaps for renewed lending structure, not limiting itself to railways directly, but also to the backward and forward linkages in railways and logistics ecosystem.
Q2-FY25 · Manoj Kumar Dubey
Our weighted average cost of capital has always been lowest amongst the peers, and we intend to further bring it down.
Q2-FY25 · Manoj Kumar Dubey
We are a zero NPA company, and we would like to maintain that kind of good thing that we have with us.
Q2-FY26 · Shri Manoj Kumar Dubey
We are flooded with requests from almost all states of the country. Because they now know that through all of you that we are lending to the railway ecosystem, there is hardly anybody in the government system who are not having any linkage with the railways.
Q2-FY26 · Shri Manoj Kumar Dubey
The thin margin concept that you are mentioning, we are finding very happy getting a margin of 2x-3x from what we used to get from the railways.
Q2-FY26 · Shri Randhir Sahay
We don't foresee in the next five to seven years there would be any MAT liability on us.
Q3-FY25 · Manoj Kumar Dubey
If I'm doing INR 10,000 crore business outside railways, it is akin to nearly INR 35,000 crore or INR 40,000 crore business with the railways.
Q3-FY25 · Manoj Kumar Dubey
We have already been selected as lowest bidder in one project of more than INR 3,000 crores.
Q3-FY25 · Sunil Kumar Goel
I don't foresee any tax liability on me over the next five years.
Q3-FY26 · Manoj Kumar Dubey
We have already surpassed our guidance given for sanction of assets. Our disbursement picked up in quarter three, and we have almost done 3/4 of what we set for ourselves for INR 30,000 crore.
Q3-FY26 · Manoj Kumar Dubey
In this 2030 plan, we are looking forward to a mix of 60/40, 60% coming from the Indian Railways and 40% of the mix coming from the railway ecosystem, where the margins are nearly 3x of what we get from the railways.
Q3-FY26 · Manoj Kumar Dubey
We are looking forward to a borrowing mix which is cheaper than the G-Sec rate. This is what at IRFC we are aiming for.
Q4-FY25 · Manoj Kumar Dubey
We are becoming leaders in this, beating all banks and NBFCs and still making margins of 2x to 3x to what we used to get from Indian Railways.
Q4-FY25 · Shelly Verma
We have a competitive advantage on many accounts. Rate is definitely one of them, and because we have a very low operating cost.
Q4-FY25 · Manoj Kumar Dubey
We are walking the talk. What we set for ourselves in Q3 results, we have already crossed many bridges, and we are moving ahead quicker than what we expected to do.
Q4-FY26 · Manoj Kumar Dubey
Zero NPA is not a status symbol for this company, it is a business proposition.
Q4-FY26 · Manoj Kumar Dubey
We are not participating into high risk, high reward assets. We are participating into assets which are highly rated A class, A plus, double A, triple A also.
Q4-FY26 · Manoj Kumar Dubey
Even if my AUM remains steady somewhere more than INR 5 lakh crore and I'm replacing low margin business by high margin business, my NIM will be growing, my PAT will be growing, my EPS will be growing.