Guidance ledger · Q4 FY26

Indian Railway Finance Corporation IRFC

3 revisions on record · 0 lowered · 3 raised — the strikethrough is what management used to say

directional guidance only · shifted across quarters

Holding view → · latest concall · The pulse

↑ raised FY26 disbursement Q1 FY26 → Q4 FY26

~~INR30,000 crores target (Q1FY26)~~ → INR35,000 crores actual delivered (Q4FY26)

“against the guidance of INR30,000 crores for disbursement, we could do around INR35,000 crores.”

↑ raised FY26 sanctions Q1 FY26 → Q4 FY26

~~INR60,000 crores target (Q1FY26); surpassed by Q3FY26~~ → INR74,000 crores actual (Q4FY26)

“against what we gave the guidance of INR60,000 crores, we crossed the mark or we reached the mark of nearly INR74,000 crores for the year in terms of sanction of assets.”

↑ raised NIM guidance Q1 FY26 → Q4 FY26

~~1.51% actual Q1FY26, directional upward~~ → 1.65% explicit year-end FY27 target; minimum 10% growth (Q4FY26)

“1.65% end of the year on my total assets.”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.