Should You Buy IRFC Shares To Be Eligible For Dividend By 24th October–Record Date?

Indian Railway Finance Corporation (IRFC) is going to trade ex-dividend soon for its upcoming payout. The company has declared an interim dividend of Rs 1.05 per equity share of Rs. 10/- each for FY26 for the purpose of which the record date is falling in this week. An Indian public sector enterprise (PSU), IRFC serves as the Indian Railways' financial arm, raising funds from both domestic and foreign capital markets.

IRFC Dividend Record Date

For determining the eligibility of shareholders for payment of the above-said interim dividend, as declared by the Board is Friday, 24th October 2025.

"The dividend will be paid in the account of the shareholder(s) or the dividend warrant(s) in respect thereof will be dispatched within thirty (30) days from the date of declaration of interim dividend," said IRFC in a stock exchange filing.

IRFC Q2 Result Highlights

The PSU's revenue for the September quarter was Rs 6,372 crore, a 7.6% year-on-year decline from the Rs 6,899 crore it recorded for the same period the previous year. IRFC's net profit for the quarter was Rs 1,777 crore, up 10% from Q2FY25, when it was Rs 1,613 crore.

According to CNBC, the Indian Railway Finance Corporation's (IRFC) CMD, Manoj Kumar Dubey, recently unveiled the IRFC 2.0 strategy, which aims for consistent double-digit profit growth. The corporation has already approved Rs 45,000 crore under this plan in the first half of 2025-2026 (FY26), bringing it on pace to surpass its yearly projection. It is also anticipated that the Rs 30,000 crore distribution target would be reached or exceeded. According to him, IRFC expects to maintain steady performance over the next five years and strives for double-digit profit growth each quarter.

IRFC Target Price

"IRFC is witnessing steady buying interest after a brief consolidation phase. The stock is trending above its short-term moving averages, supported by strong volumes. RSI remains positive, suggesting continued momentum. Sustaining above ₹123.52 could lead to a rally toward ₹132 and ₹138 in the near term," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

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