On August 3, 2026, Indian Renewable Energy Development Agency Limited (IREDA) released its consolidated unaudited financial results for the quarter ending June 30, 2026., as per the exchange filings.
The company reported a rise in total income and net profit compared to the same period last year.
In the June 2026 quarter, Indian Renewable Energy Development Agency Limited's total income increased by 14.8% year-on-year (YoY) to ₹2,250.60 crore, compared to ₹1,959.84 crore in the same quarter of the previous year.
The total income also saw a 3.2% rise quarter-on-quarter (QoQ) from ₹2,181.28 crore in the March 2026 quarter.
The company's net profit (PAT) for the June 2026 quarter rose by 37.1% YoY to ₹338.53 crore, up from ₹246.88 crore in the corresponding quarter of the previous year.
However, the net profit declined by 31.3% QoQ from ₹492.63 crore reported in the March 2026 quarter.
For the financial year 2026, Indian Renewable Energy Development Agency Limited recorded a total income of ₹8,338.89 crore. The net profit for the same period stood at ₹1,874.00 crore, reflecting the company's overall financial performance for the year.
IREDA's fundamental balance sheet metrics and financial ratios reinforce its stability as its credit portfolio expands. Total loan assets surged to ₹94,851.88 crore as of June 30, 2026, compared to ₹79,851.91 crore a year prior.
Standalone net worth was strengthened to ₹14,132.50 crore, while consolidated net worth sat at ₹14,137.19 crore. Total financial indebtedness of the listed entity stood at ₹79,002.01 crore, comprising ₹29,921.57 crore in debt securities, ₹45,823.04 crore in bank borrowings, and ₹3,257.40 crore in subordinated liabilities.
The company's debt-to-equity ratio was reported at 5.59 times, while the capital to risk-weighted assets ratio (CRAR) remained robust at 20.30% on a standalone basis and 20.28% on a consolidated basis.
Asset quality showed highly positive signs as the gross non-performing assets (NPA) ratio fell to 3.75% on a consolidated basis from 4.13% year-on-year, and the net NPA ratio lowered significantly to 1.22% from 2.06% in the previous period.
In terms of capital allocation and resource mobilization, the company completed a successful fundraising exercise during the quarter by issuing taxable unsecured bonds in the nature of debentures on June 24, 2026.
This private placement raised ₹1,500.00 crore, which was fully utilized for on-lending towards various renewable energy projects and generic corporate requirements, yielding no material deviations from its stated objective.
Addressing safety and operational compliance, the statutory joint auditors, M/s Shiv & Associates and M/s Rao & Emmar, completed their limited review of both standalone and consolidated frameworks and issued reports containing absolutely no audit qualifications or reservations.
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As of August 04, 2026, at 9:51 AM, Indian Renewable Energy Development Agency share price on NSE was trading at ₹121.07, down by 1.57% from the previous closing price.
Indian Renewable Energy Development Agency Limited reported a 14.8% YoY increase in total income to ₹2,250.60 crore for the June 2026 quarter. The net profit rose by 37.1% YoY to ₹338.53 crore, with annual figures showing a total income of ₹8,338.89 crore and net profit of ₹1,874.00 crore for FY26.
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Published on: Aug 4, 2026, 10:32 AM IST
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