The public sector undertaking (PSU) non-banking financial company (NBFC), Indian Renewable Energy Development Agency Ltd (IREDA), share price jumped over 3.5% on Tuesday as the company announced its Q2 FY26 and H1 FY26 results.
The company posted a 42% growth in its second-quarter profit, helped by robust green lending growth.
For the quarter ended September 30, 2025, IREDA reported a steady improvement in its standalone performance. Revenue from operations rose 26% year-on-year to ₹2,057 crore, compared to ₹1,630 crore in the same quarter last year. Operating profit grew sharply by 54% to ₹776 crore from ₹503 crore, while profit after tax (PAT) increased 42% to ₹549 crore, compared to ₹388 crore in the year-ago quarter. Sequentially, revenue and profitability also improved over the June 2025 quarter, where revenue stood at ₹1,947 crore and PAT at ₹247 crore.
For the half year ended September 30, 2025, revenue from operations stood at ₹4,004 crore, up 28% from ₹3,140 crore in the corresponding period last year. Operating profit for the period rose 52% to ₹1,454 crore, while PAT registered a modest 3% increase to ₹796 crore.
On the asset quality front, the Gross NPA stood at 3.97%, compared to 2.19% a year ago, while Net NPA was at 1.97%, up from 1.04% in the same period last year. The outstanding loan book expanded 31% year-on-year to ₹84,477 crore, and the net worth increased 38% to ₹12,920 crore, reflecting IREDA’s continued business growth and capital strength.
For the half year ended September 30, 2025, IREDA reported a strong improvement in its consolidated financial performance. Revenue from operations rose to ₹4,005 crore, compared to ₹3,140 crore in the corresponding half year of 2024, marking a 27.6% year-on-year increase.
Profit before tax (PBT) stood at ₹1,001 crore, up from ₹936 crore in the same period last year, reflecting a 6.9% growth. Profit after tax (PAT) increased to ₹796 crore, compared to ₹771 crore in the previous year’s half-year period, registering a 3.2% rise.
For the financial year ended March 31, 2025, the company had reported revenue from operations of ₹6,743 crore and a PAT of ₹1,698 crore, indicating that the first half of FY26 contributed meaningfully to the company’s ongoing growth momentum.
As of September 30, 2025, IREDA reported strong growth in its lending operations with sanctions rising 86% year-on-year to ₹33,148 crore compared to ₹17,860 crore in September 2024. Disbursements also increased 54% to ₹15,043 crore, while the loan outstanding stood at ₹84,477 crore, reflecting a 31% year-on-year growth.
The loan portfolio continues to be dominated by the private sector, contributing 72% of total loans, while the public sector accounted for 28%. Among sectors, the Solar Thermal/SPV segment held the highest share at 24%, followed by State Utilities – Others (19%), Wind (12%), and Hydro Power (10%). Other key contributors included Ethanol (8%), Manufacturing (7%), and Hybrid Wind & Solar (4%), indicating a diversified and expanding renewable energy loan book.
IREDA maintains a well-diversified lending portfolio with a PAN India presence, extending its financing operations across 23 states and 4 union territories.
As of September 30, 2025, IREDA’s total outstanding borrowings stood at ₹69,920 crore, with ₹10,138 crore raised during the first half of FY 2025-26. Domestic borrowings accounted for ₹59,799 crore or 86% of the total, increasing from ₹45,691 crore (84%) a year earlier, while foreign borrowings stood at ₹10,141 crore or 14%, compared to ₹8,948 crore (16%) during the same period last year.
On Tuesday, IREDA's share price jumped over 3.5% as the company announced its Q2 FY26 results. As of 2:22 pm IST, the stock price was trading at ₹154.90 per share, up by 3.23%. On a year-to-date basis, the stock price is down by over 28%.
For android only