IREDA Q3 net profit jumps 38% to ₹585 crore, NII surges 35% at ₹898 crore

By Admin

10 Jan, 2026

Introduction
State-owned Indian Renewable Energy Development Agency Ltd (IREDA) has reported a strong financial performance for the third quarter of FY26, highlighting robust growth across profitability, revenue, and lending activity. The results underline the company’s expanding role in financing India’s renewable energy transition.

Strong Profit Growth in Q3 FY26
IREDA posted a 37.5% year-on-year increase in net profit for the quarter ended December 31, 2025. Net profit rose to ₹584.9 crore compared with ₹425.4 crore in the same quarter of the previous financial year. This sharp rise reflects improved operational efficiency and higher income from lending activities.

Revenue and Net Interest Income See Sharp Rise
Revenue from operations surged 38% to ₹2,140 crore in Q3 FY26, up from ₹1,699 crore a year earlier. Net interest income also recorded significant growth, increasing by 34.8% to ₹897.5 crore compared with ₹665.8 crore in Q3 FY25. The rise in NII indicates healthy growth in interest-earning assets and effective cost management.

Disbursements and Loan Book Expansion
During the quarter, IREDA’s loan disbursements jumped 32% to ₹9,860 crore from ₹7,449 crore in the October–December period of FY25. The company’s loan book also grew by 28% in Q3, reflecting strong demand for renewable energy financing across sectors such as solar, wind, and other clean energy projects.

Net Worth Strengthens Significantly
IREDA’s net worth increased sharply to ₹13,537 crore from ₹9,842 crore, marking a 38% rise. This improvement strengthens the company’s balance sheet and enhances its capacity to support larger and long-term renewable energy projects in the coming years.

Management Commentary and Outlook
Commenting on the performance, CMD Pradip Kumar Das stated that IREDA’s strong financial results reflect its commitment to accelerating India’s renewable energy transition. He highlighted that growth in loan disbursements, net worth, and profitability demonstrates the confidence and trust placed in the company by its stakeholders.

Conclusion
IREDA’s Q3 FY26 performance showcases consistent growth across key financial metrics, supported by rising disbursements, higher revenues, and a stronger balance sheet. As India continues to push towards its renewable energy goals, IREDA remains well-positioned to play a pivotal role in financing the country’s clean energy future.