IREDA Q2 Result: Five updates you need to know ahead of earnings; stock falls over 30% YTD

In the morning trade, ahead of the results announcement, the stock was trading at ₹151.35, up 0.85% on the NSE.

IREDA loan sanctions up 86% in H1 FY26

Early in October 2025, state-owned IREDA said it has sanctioned loans worth ₹33,148 crore in April-September FY26, up 86% from ₹17,860 crore logged in the same period a year ago.

In a statement on Wednesday, the company said its loan disbursements have also recorded healthy growth of 54% to ₹15,043 crore, up from ₹9,787 crore in H1 of FY 2024-25.

The company's outstanding loan book stood at ₹84,445 crore as of September 30, 2025, reflecting a 31% increase over the ₹64,564 crore seen in the corresponding period of the previous financial year.

The company's CMD, Pradip Kumar Das, said IREDA looks to maintain the momentum, further scaling up support for clean energy projects in line with the nation's green energy goals.

Under the Ministry of New & Renewable Energy (MNRE), the Indian Renewable Energy Development Agency (IREDA) functions as a state-owned non-banking financial company (NBFC) with a focus on financing renewable energy projects across India.

IREDA raises ₹453 crore via perpetual bonds

IREDA in September 2025 said it had raised ₹453 crore through the issuance of perpetual bonds.

The issue drew strong investor interest, with total bids worth ₹1,343 crore against the base size of ₹100 crore and a green-shoe option of ₹400 crore, a company statement said.

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, it said further.

According to the statement, IREDA has raised ₹453 crore at 7.70% per annum through its second issue of Perpetual Bonds, marking a significant step in strengthening its capital base for financing green energy projects.

IREDA Chairman and Managing Director Pradip Kumar Das 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.

IREDA targets 21% revenue growth to ₹8,200 crore

In August 2025, IREDA said on Monday that it was eyeing over 21% growth in revenue from operations this fiscal year to ₹8,200 crore, compared to a year ago.

The company had ₹6,743.32 crore in revenue from operations in the last fiscal year, 2024-25, a company statement showed.

According to the statement, IREDA signed a performance-based memorandum of understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) on Monday, outlining strategic targets for the fiscal year 2025-26.

IREDA exceeded its revenue from operations target in FY 2024-25, achieving ₹6,743.32 crore against a target of ₹5,957 crore.

The MoU also includes key performance parameters such as return on net worth, return on capital employed, NPA to total loans, and asset turnover ratio, among other targets.

IREDA QIP

In July 2025, Union Minister Shripad Yesso Naik said the successful execution of IREDA's QIP and subscription of its IPO shows a high level of investor confidence in India's renewable energy sector.

The Indian Renewable Energy Development Agency (IREDA) raised about ₹2,005.9 crore by issuing fresh equity shares through the qualified institutional placement (QIP) route in June, the Minister of State (MoS) for New and Renewable Energy said in a reply to the Rajya Sabha.

"The timing and successful execution of IREDA's QIP after its IPO underscores a high level of investor confidence in the company and India's renewable energy sector," said Naik, who is also the MoS for Power.

The QIP was subscribed by marquee investors like Life Insurance Corporation (50%), which reinforces the long-term institutional confidence in IREDA's business model and sectoral growth.

In November 2023, IREDA shares made a strong stock market debut, ending with a premium of 87.5% against the issue price.

IREDA Q1 FY26 Result

The state-owned Indian Renewable Energy Development Agency reported a 36% decline in its net profit to ₹247 crore in the June quarter compared to a year ago, mainly due to higher expenses.

The company had posted a net profit of ₹384 crore in the quarter ended on June 30, 2024, a BSE filing showed.

However, the revenue from operations improved to ₹1,947 crore during the quarter against ₹1,510 crore in the year-ago period.

The total expense rose to ₹1,655 crore in the quarter from ₹1,034.96 crore seen in the same period a year ago.

The financing cost climbed to ₹1,218 crore compared to ₹975 crore, while the impairment on financial instruments was ₹363 crore against the gain of ₹30 crore a year ago.

The net worth of the company appreciated to ₹12,042 crore from ₹9,110 crore in FY25.

Similarly, its loan book increased to ₹79,941 crore compared to ₹63,207 crore a year ago.

IREDA share price

Shares of the company have given negative returns over the past one year (as of the October 13 closing level). Data show that the stock has slipped 32.21% in the past 12 months, over 32% YTD, over 10% in the past six months, around 1.5% in the past 30 days, and 1.35% in the past five sessions.