IREDA Share Price in Focus: Loan Book and Disbursement Saw Double-Digit Growth in Q3FY26

Shares of Indian Renewable Energy Development Agency Ltd. (IREDA) are in focus on Thursday, January 1, following the company’s business update for the October–December quarter. IREDA share price opened at ₹141.55 and is trading slightly lower, 0.14% to ₹139.70 at 11:30 AM

In a filing to the stock exchanges on Wednesday, IREDA reported that loans sanctioned during the quarter rose 29% year-on-year to ₹40,100 crore, up from ₹31,087 crore in the same period last year.

Loan Book Saw Double Digit Growth

Loan disbursements also saw significant growth, increasing 44% to ₹24,903 crore compared with ₹17,236 crore a year ago. IREDA’s outstanding loan book reached ₹87,975 crore at the end of the year, marking a 28% increase from ₹68,960 crore recorded in the third quarter of the previous year.

The company is yet to disclose shareholding details for the December quarter. As of the September quarter, the government held a 71.76% stake in IREDA.

Rating Upgrade from S&P Global

Indian Renewable Energy Development Agency Ltd. (IREDA) has been upgraded by S&P Global Ratings, with its long-term issuer credit rating raised from ‘BBB–’ to ‘BBB’ and a Stable Outlook. The short-term rating was also improved from ‘A-3’ to ‘A-2’.

This rating upgrade aligns IREDA’s international credit profile with India’s sovereign rating, highlighting the company’s key role in advancing the nation’s renewable energy agenda.

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Commenting on the development, Shri Pradip Kumar Das, Chairman & Managing Director, IREDA, said: “We are delighted with this upgrade by S&P Global Ratings, which not only validates IREDA’s financial strength but also highlights our critical role in India’s renewable energy transition. This alignment with the sovereign rating will enable us to access capital more competitively and deepen investor confidence in our long-term strategy.

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