Indian Renewable Energy Development Agency Ltd

Indian Renewable Energy Development Agency Limited announced that Shri Jatin Kumar Nayak has been appointed as Chairman & Managing Director, effective October 30, 2026, by order of the Ministry of New and Renewable Energy, with a term until September 30, 2029, or until further orders. Nayak, who holds a master’s degree in commerce and is a fellow member of the Institute of Cost and Management Accountants of India, previously served as Executive Director (Finance) at REC Limited. Concurrently, Dr. Bijay Kumar Mohanty has ceased to hold the additional charge of CMD, IREDA, also effective October 30, 2026.

Indian Renewable Energy Development Agency Ltd share price declined by 1.48% to Rs 106.5. The Company's net profit surged by 63.10% to Rs 552.14 crore, while revenue from operations slightly gained 4.45% to Rs 2337.25 crore in Q3FY26 over Q2FY26. The market capitalization of Financial Institution industry group stocks on BSE stood at Rs 4.41 lakh crore, declining 0.78%. It has slipped by 3.24% over last one week and slid back by 14.15% in last one month while the market capitalization of Indian Renewable Energy Development Agency Ltd has softened by 2.11% and 10.92% in the same period respectively. Profit before tax (PBT) of Indian Renewable Energy Development Agency Ltd stood at Rs 704.45 crore in Q3 FY26, gaining 1.16% year-on-year, and jumping 70.26% quarter-on-quarter. EBITDA came in at Rs 713 crore, rising 0.98% YoY and surging by 69.12% sequentially. Total expenses reduced by 10.58% to Rs 1642.44 crore in Q3FY26 over Q3FY25. During the quarter, employee benefits expense was at Rs 30.09 crore, dropping 7.59% YoY. For the TTM ended FY26, revenue from operations soared by 23.71% to Rs 8270.5 crore, while net profit registered a growth of 10.34% to Rs 1874.0 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 212169% to Rs 2324.51 crore, and PBT expanded by 11.13% to Rs 2337.58 crore compared to previous TTM. Indian Renewable Energy Development Agency Ltd plunged by 30.48% in last one year, underperforming the benchmark BSE Sensex which has reduced by 12.46% during the same period.

Indian Renewable Energy Development Agency Limited (IREDA) will hold a board meeting on October 19, 2026, to consider and approve the audited financial results (standalone & consolidated) and audited financial statements (standalone & consolidated) for the quarter and half year ended September 30, 2026, in compliance with SEBI regulations. Trading window for the company’s securities was closed from October 1, 2026, and will remain so until 48 hours after the declaration of the financial results.

Indian Renewable Energy Development Agency Limited informed the National Stock Exchange of India Limited and BSE Limited that Comptroller and Auditor General of India has appointed M/s Shiv & Associates, Chartered Accountant and M/s MAPSS & Co., Chartered Accountant as Joint Statutory Auditors of the company for fiscal year 2026-27. M/s Shiv & Associates was the statutory auditor for fiscal year 2025-26.

Indian Renewable Energy Development Agency Limited (IREDA) will close its trading window for equity shares and listed debt securities from October 1, 2026, until 48 hours after the board meeting approves the financial results for the quarter and half-year ended September 30, 2026, in compliance with SEBI’s insider trading regulations.

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.

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