IREDA shares rise over 4% as Q3 net profit soars 38% YoY to ₹585 crore; asset quality improves sequentially

In the corresponding period of the previous fiscal year, the state-owned company had clocked a net profit of ₹425.38 crore, it said in a regulatory filing dated January 9.

The NBFC witnessed a 25% annual surge in its revenue from operations to ₹2,130 crore during the quarter under review, compared to ₹1,698 crore in the December quarter of FY25.

It reported an improvement in asset quality on a sequential basis, with gross non-performing assets (Gross NPA) decreasing to 3.75% in Q3 FY26, compared to 4.13% in the previous quarter. Similarly, its net non-performing assets (Net NPA) were down to 1.68%, from 1.97% in the previous quarter.

On a YoY basis, however, its asset quality declined as Gross NPA stood at 2.68% and Net NPA was at 1.50% in Q3FY25.

The company's loan book soared 28% YoY in Q3 to ₹87,975 crore from ₹68,960 crore in the year-ago quarter, while disbursements jumped 32% annually to ₹9,860 crore from ₹7,449 crore in October-December FY25.

Its net worth increased to ₹13,537 crore, up by 38% YoY from ₹9,842 crore.

Commenting on the earnings, Pradip Kumar Das, CMD of IREDA, said, "IREDA's strong financial performance this quarter reflects our commitment to accelerating India's renewable energy transition. The growth in loan disbursements, net worth and profitability underscores the trust placed by our stakeholders."

IREDA stock performance

Shares of IREDA advanced as much as 4.3% to an intra-day high of ₹142.30 per unit on the National Stock Exchange (NSE) on Monday.

The scrip was trading 1.96% higher at ₹136.29 per equity share at 10:03 am.

It has fallen over 3% in the past week but gained more than 2% over the month.

While the stock hit a year’s low of ₹129.11 on December 9, 2025, it touched a 52-week low of ₹227.30 per equity share on January 9, 2025.

IREDA has a total market capitalization of ₹39,180.35 crore, as of January 12, 2026, according to data on the NSE.