IRFC targets double-digit growth, AUM above ₹5L cr in FY27

IRFC laid out an ambitious growth roadmap in its latest earnings call. The company targets double-digit AUM growth in FY27, with the loan book expected to cross ₹5 lakh crore. Management also guided for a net interest margin of 1.65%, a notable improvement from recent levels, and highlighted progress in diversifying beyond railway lending into areas like infrastructure and renewables. The transcript, while a standard disclosure, contained unusually specific forward guidance that gives investors a clearer picture of management's expectations. IRFC has historically been a steady, low-growth lender to the railways; these targets imply a shift in strategy toward higher margins and broader exposure. Whether the company can execute without compromising asset quality will be the key theme over the next few quarters.