IRFC

What I R F C promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 17 tracked 4 delivered 5 missed 8 open
  • Overhead Cost Ratio went quiet said Q1 FY26 Promised: We don't foresee our overhead cost going even 0.2% in next 2 to 3 years. Q1 FY27: Management again mentions 'low overhead costs' as a competitive advantage but provides no specific ratio, continuing to ghost the <0.2% target.
  • AUM delayed said Q1 FY26 Promised: Sometime in FY '27, we should cross INR5 lakh mark of our asset under management. Q1 FY27: Management reiterates the ₹5 lakh crore AUM target but pushes the timeline from 'H1 FY27' to 'by the end of the year' after a slight AUM dip in Q1.
  • Diversification Execution delivered said Q4 FY24 Promised: We have a period of about two years to get that thing in place... to make sure that we diversify our businesses. Q4 FY26: Successfully established and executed the diversification strategy ('IRFC 2.0') within the 2-year window. FY26 sanctions (₹74,000 cr) and disbursements (₹35,000 cr) significantly surpassed initial targets, validating the new business model.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 17 tracked commitments for I R F C — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens