Indian Renewable Energy Development Agency Ltd

Indian Renewable Energy Development Agency Limited (IREDA) announced changes to its senior management, with Bhagirath Siyag, Sujith V Surendran, Koushik Goswami, and Pradipta Kumar Roy ceasing to be Senior Management Personnel effective August 22, 2026. The company also confirmed a record date of September 11, 2026, for the payment of a final dividend of Rs 0.75 per equity share, or 7.50% on the face value of Rs 10, for the financial year 2025-26, pending shareholder approval at the Annual General Meeting, and noted that dividend payments will be made exclusively through electronic mode.

Indian Renewable Energy Development Agency Limited (IREDA) announced changes to its senior management, with Bhagirath Siyag, Sujith V Surendran, Koushik Goswami, and Pradipta Kumar Roy ceasing to be Senior Management Personnel effective August 22, 2026. IREDA also confirmed a record date of September 11, 2026, for the payment of a final dividend of Rs 0.75 per equity share, or 7.50% on the face value of Rs 10, for the financial year 2025-26, pending shareholder approval at the company's Annual General Meeting, and noted that dividend payments will be made exclusively through electronic mode.

Indian Renewable Energy Development Agency Limited announced that Shri Manoneet Dalal has been appointed as Non-Official Director (Independent Director) on the company’s board for a period of 3 years, effective August 18, 2026, following an order from the Ministry of New and Renewable Energy.

Indian Renewable Energy Development Agency Ltd share price slipped 0.43% to Rs 116.5 after the company's net profit plunged by 31.28% to Rs 338.53 crore, while revenue from operations slightly gained 3.35% to Rs 2237.65 crore in Q2FY26 over Q1FY26. The market capitalization of Financial Institution industry group stocks on BSE stood at Rs 4.55 lakh crore, declining 0.83%. It has softened by 2.08% over last one week and softened by 6.47% in last one month while the market capitalization of Indian Renewable Energy Development Agency Ltd has eased by 2.92% and 8.77% in the same period respectively. Profit before tax (PBT) of Indian Renewable Energy Development Agency Ltd stood at Rs 413.75 crore in Q2 FY26, expanding by 35.73% year-on-year, and crashing by 33.17% quarter-on-quarter. EBITDA came in at Rs 421 crore, surging by 45.15% YoY and tanking 32.01% sequentially. Total expenses went up by 17.59% to Rs 1836.85 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 32.56 crore, rising by 10.90% YoY. For the TTM ended FY26, revenue from operations jumped by 37.24% to Rs 6685.14 crore, while net profit soared by 35.62% to Rs 1698.34 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 172040% to Rs 2117.67 crore, and PBT witnessed a strong rise of 24.82% to Rs 2103.54 crore compared to previous TTM. Indian Renewable Energy Development Agency Ltd tumbled by 19.01% in last one year, underperforming the benchmark BSE Sensex which has eased by 3.21% during the same period.

Earnings to Watch: Bharti Airtel, Oil and Natural Gas Corporation (ONGC), Pidilite Industries, Bharti Hexacom, Shipping Corporation of India Land and Assets, Marico, Ajmera Realty & Infra India, Alkyl Amines Chemicals, Alembic Pharmaceuticals, ASK Automotive, Avalon Technologies, Castrol India, Tata Investment Corporation, Deepak Nitrite, Dredging Corporation of India, EIH Associated Hotels, Elantas Beck India, Emami, Godrej Properties, Graphite India, Greaves Cotton, Happy Forgings, Hindustan Foods, Kalyan Jewellers India, KSB, C.E. Info Systems, Multi Commodity Exchange of India, Metro Brands, Metropolis Healthcare, Morepen Laboratories, Motherson Sumi Wiring India, NHPC, FSN E-Commerce Ventures(NYkaa) , PNB Housing Finance, Prince Pipes and Fittings, Protean eGov Technologies, RITES, R Systems International, Keystone Realtors, Safari Industries India, Sanofi India, Saregama India, Sheela Foam, Sundram Fasteners, Symphony, Timken India, United Breweries, UNO Minda, Vaibhav Global, Ventive Hospitality, VRL Logistics, Welspun Enterprises, Wonderla Holidays, Zydus Wellness will declare their result later today. Stocks to Watch: Indian Renewable Energy Development Agency (IREDA) reported 37.12% jump in consolidated net profit to Rs 338.53 crore on 14.80% increase in revenue from operations to Rs 2,249.54 crore in Q1 FY27 over Q1 FY26. Life Insurance Corporation of India (LIC) announced that the Government of India will divest up to a 6.5% stake in the insurer through an Offer for Sale (OFS). The floor price has been fixed at Rs 382 per equity share, with the government proposing to sell up to 82.22 crore equity shares. SBI Funds Management's consolidated net profit rose 3.70% YoY to Rs 880.26 crore in Q1 FY27. Total income rose 4.54% to Rs 1,389.89 crore in Q1 FY27 as compared with Rs 1,328.26 crore in Q1 FY26. Krishna Insitute of Medical Sciences (KIMS) reported a 56% decline in consolidated net profit to Rs 41.5 crore despite a 35.33% jump in net sales to Rs 1,179.5 crore in Q1 FY27 over Q1 FY26. Doms Industries' consolidated net profit tumbled 23.38% to Rs 44.49 crore despite 19.25% jump in net sales to Rs 670.51 crore in Q1 FY27 ver Q1 FY26. KEI Industries reported 40.05% climb in consolidated net profit to Rs 274.14 crore on 22.97% increase in net sales to Rs 3,185.34 crore in Q1 June 2026 over Q1 June 2025. Kansai Nerolac Paints reported 5.95% rise in consolidated net profit to Rs 231.58 crore on 9.79% increase in net sales to Rs 2,373.59 crore in Q1 FY27 over Q1 FY26.Powered by Capital Market - Live

Indian Renewable Energy Deve. Agency will hold a meeting of the Board of Directors of the Company on 3 August 2026.

Profit before tax (PBT) fell 1.70% to Rs 619.26 crore in Q4 FY26 compared with Rs 629.98 crore in Q4 FY25. Operating profit increased 10% YoY to Rs 847 crore in Q4 FY26. On a full year basis, the company's consolidated net profit rose 10.29% to Rs 1873.34 crore in FY26 compared with Rs 1698.60 crore in FY25. Revenue from operations climbed 23.23% YoY to Rs 8,309 crore in FY26. Net Non-performing assets stood at Rs 1172 crore in Q4 FY26 compared with Rs 1021 crore in Q4 FY25. Net NPA stood at 1.29% in Q4 FY26 as against 1.35% in Q4 FY25. As on 31st march 2026, the company's outstanding loan book stood at Rs 93,069 crore, up 22.01% comapred with Rs 76,282 crore as on 31st March 2025. Loan sanctions increased 9% YoY to Rs 51,883 crore during the period. Meanwhile, the company received a letter from National Stock Exchange(NSE) and Bombay Stock Exchange (BSE) for non-compliance pertaining to the composition of the board of directors. The board also noted that the company is regularly following up with the Administrative Ministry i.e., Ministry of New and Renewable Energy (MNRE) for the appointment of requisite number of Independent Directors on the Board of IREDA and desired that MNRE be requested to expedite the process for the appointment of Independent Directors (including women director). The board also requested the Stock Exchanges to waive the fines imposed on the company and also not to impose any further fine/penalty, since the matter relating to appointment of Independent Directors is beyond the control of the company and there is no violation on the part of the company. Meanwhile, the company's board recommended final dividend of Rs 0.75 per equity share of face value Rs 10 each for FY26. IREDA is a 'Navratna' Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE). IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation.Powered by Capital Market - Live

Net profit of Indian Renewable Energy Development Agency declined 1.78% to Rs 492.63 crore in the quarter ended March 2026 as against Rs 501.55 crore during the previous quarter ended March 2025. Sales rose 14.32% to Rs 2165.22 crore in the quarter ended March 2026 as against Rs 1893.99 crore during the previous quarter ended March 2025. For the full year,net profit rose 10.34% to Rs 1874.00 crore in the year ended March 2026 as against Rs 1698.34 crore during the previous year ended March 2025. Sales rose 23.71% to Rs 8270.50 crore in the year ended March 2026 as against Rs 6685.14 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales2165.221893.99 14 8270.506685.14 24 OPM %86.2191.54 -87.7593.81 - PBDT631.68640.52 -1 2381.472142.41 11 PBT619.14629.73 -2 2337.582103.54 11 NP492.63501.55 -2 1874.001698.34 10 Powered by Capital Market - Live

Indian Renewable Energy Deve. Agency announced that the Board of Directors of the Company at its meeting held on 29 May 2026, inter alia, have recommended the final dividend of Rs 0.75 per equity Share (i.e. 7.5%) , subject to the approval of the shareholders.

Indian Renewable Energy Deve. Agency will hold a meeting of the Board of Directors of the Company on 29 May 2026.