Indian Renewable Energy Development Agency Ltd

Indian Renewable Energy Development Agency (IREDA) today received an upgrade in its long term issuer credit rating from S&P Global Ratings, moving to 'BBB' from 'BBB-', with Stable Outlook. The short-term rating has also been revised to 'A-2' from 'A-3'.Powered by Capital Market - Live

Indian Renewable Energy Development Agency announced the appointment of Rahul Kamal as General Manager (Projects) with effect from 09 October 2025. Powered by Capital Market - Live

Net profit of Indian Renewable Energy Development Agency rose 41.67% to Rs 549.33 crore in the quarter ended September 2025 as against Rs 387.75 crore during the previous quarter ended September 2024. Sales rose 26.55% to Rs 2050.20 crore in the quarter ended September 2025 as against Rs 1620.02 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales2050.201620.02 27 OPM %93.6192.51 - PBDT706.83469.34 51 PBT696.39459.91 51 NP549.33387.75 42 Powered by Capital Market - Live

Profit before tax (PBT) rallied 51.41% to Rs 696.39 crore during the quarter ended 30 September 2025. Operating profit stood at Rs 776 crore in Q2 FY26, up 54% as compared with Rs 503 crore in Q2 FY25. The cost of borrowing declined to 7.24% in Q2 FY26, compared to 7.80% in the corresponding quarter of the previous fiscal. Net interest margin increased 3.72% during the quarter as compared with 7.80% recorded in corresponding quarter last year. Yield on loan assets (Gross) stood at 9.87% as on 30 September 2025 as compared with 9.92% as on 30 September 2024. Provision coverage ratio (Stage III) stood at 51.48% as on 30 September 2025 as compared with 52.98% as on 30 September 2024. On a half-year basis, the company's net profit added 3% to Rs 796 crore, while revenue rose 28% to Rs 4,004 crore in H1 FY26 over H1 FY25. 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

Indian Renewable Energy Deve. Agency will hold a meeting of the Board of Directors of the Company on 14 October 2025.Powered by Capital Market - Live

Loan sanctions during September 2025 stood at Rs 33,148 crore, up 86% as against with Rs 17,860 crore reported in the same period a year ago. The outstanding loan book stood at Rs 84,445 crore as on 30th September 2025, up 31% compared with Rs 64,564 crore as on 30th September 2024. 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. As on December 2024, GoI held 75% stake in IREDA. The company's consolidated net profit fell 35.7% to Rs 246.88 crore despite of 29.7% jump in net sales to Rs 1959.84 crore in Q1 FY26 over Q1 FY25.Powered by Capital Market - Live

Indian Renewable Energy Development Agency (IREDA) has raised Rs. 453 crores at 7.70% per annum through its second issue of Perpetual Bonds today, marking a significant step in strengthening its capital base for financing green energy projects. The issue drew strong investor interest, with total bids worth Rs. 1,343 crore against the base size of Rs. 100 crore and a Green Shoe option of Rs. 400 crore. This resulted in oversubscription by 2.69 times, reflecting growing confidence in IREDA's role as a leading financier of India's renewable energy sector. Commenting on the fund raising, Shri Pradip Kumar Das, Chairman and Managing Director, IREDA, said, 'These bonds will strengthen our Tier-I Capital and help scale up renewable energy financing, accelerating India's transition to a greener and more sustainable future. I sincerely thank all the investors for their overwhelming response and continued trust in IREDA, which motivates us to deliver even greater value to the renewable energy ecosystem and the nation.'Powered by Capital Market - Live

Indian Renewable Energy Development Agency (IREDA) today signed a performance based Memorandum of Understanding (MoU) with Ministry of New and Renewable Energy (MNRE), Government of India, outlining strategic targets for the fiscal year 2025-26. Under the MoU, the Government of India has set a Revenue from Operations target of Rs 8,200 crore for FY 2025-26. IREDA had exceeded its Revenue from Operations target in FY 2024-25, achieving Rs 6,743.32 crores against the target of Rs 5,957 crore. The MoU also includes key performance parameters such as Return on Net Worth, Return on Capital Employed, NPA to Total Loans, Asset Turnover Ratio, and EBTDA, among other targets.Powered by Capital Market - Live

Indian Renewable Energy Deve. Agency announced that the 38th Annual General Meeting(AGM) of the company will be held on 7 August 2025.Powered by Capital Market - Live

Profit before tax (PBT) slumped 35.92% to Rs 308.84 crore during the quarter ended 30 June 2025. Total expenses increased 59.90% YoY to Rs 1,655 crore in Q1 FY26. Finance cost stood at Rs 1,218.27 crore (up 24.96%), employee benefit expense was at Rs 21.23 crore (up 7% YoY), while corporate social responsibility (CSR) expenses stood at Rs 8.15 crore (up 31.66% YoY) during the period under review. Operating profit stood at Rs 677 crore in Q1 FY26, up 49.11% as compared with Rs 454 crore in Q1 FY25. The cost of borrowing declined to 7.40% in Q1 FY26, compared to 7.78% in the corresponding quarter of the previous fiscal. Net interest margin increased 3.60% during the quarter as compared with 3.29% recorded in corresponding quarter last year. Yield on loan assets (Gross) stood at 9.95% as on 30 June 2024 as compared with 10.1% as on 31 June 2024. Provision coverage ratio (Stage III) stood at 51.10% as on 30 June 2025 as compared with 57.19% as on 31 June 2024. Indian Renewable Energy Development Agency (IREDA) is a 'Navratna' Government of India enterprise under the administrative control of the 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