Synopsis: The Board of Directors of Indian Railway Finance Corporation (IRFC) met on Monday, March 9, 2026, to approve a second interim dividend of ₹1.05 per equity share for the financial year 2025–26. This marks the second payout of the same value this fiscal, reinforcing the Navratna PSU’s commitment to consistent shareholder returns.
IRFC Declares ₹1.05 Interim Dividend 2026: Record Date & Payout Details
Despite a volatile trading session on Dalal Street, IRFC remained in the spotlight as it finalized its dividend distribution and approved a significant market borrowing programme for FY27.
While the broader market faced pressure from global oil shocks, the dividend announcement provided a sentimental cushion for long-term investors tracking the railway financier’s robust profitability.
IRFC Dividend Breakdown: Record Date and Eligibility
IRFC has officially confirmed the timeline for the payout, ensuring transparency for its massive retail shareholder base.
- Dividend Amount: ₹1.05 per equity share (10.5% of the face value of ₹10).
- Record Date: The board has fixed Friday, March 13, 2026, as the cut-off date. Only investors holding IRFC shares in their demat accounts by this date will be eligible for the credit.
- Cumulative Payout: With this second interim, the total dividend for FY26 stands at ₹2.10 per share, maintaining a healthy dividend yield relative to its PSU peers.
FY27 Borrowing Plan and Financial Health
Beyond the dividend, the board approved a strategic market borrowing programme for the upcoming fiscal year.
- Funding Strategy: The company plans to raise fresh capital through domestic bonds and External Commercial Borrowings (ECB), following successful roadshows in Singapore with Japanese and Taiwanese investors.
- Profitability Record: IRFC recently posted its highest-ever quarterly profit of ₹1,802 crore for Q3 FY26, a 11% year-on-year growth, driven by expanded lending to Indian Railways.
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Intraday Performance (March 9, 2026)
The stock faced headwind from the general market crash, hitting a new 52-week low before stabilizing near the psychological support level.
| Metric | Value (as of 2:15 PM) | Day Change |
| Current Market Price (CMP) | ₹96.60 | -2.82% |
| Intraday High / Low | ₹99.80 / ₹95.40 | — |
| Dividend Yield (TTM) | ~1.92% | — |
| Market Cap | ₹1.26 Lakh Crore | — |
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