New Delhi: State-run Indian Renewable Energy Development Agency Limited (IREDA) has posted its financial performance for the first quarter (Q1) of the financial year 2025-26. The company reported a 49 percent increase in its operating profit, which rose to Rs 677 crore from Rs 454 crore in the same quarter last year. Its total income from operations also went up by 30 percent, reaching Rs 1,960 crore compared to Rs 1,511 crore in the previous year.
However, company's net profit has declined by 36 percent to Rs 247 crore against Rs 384 crore in Q1 FY'25.
The results were approved by the Board of Directors at a meeting held on Wednesday. IREDA also became one of the first companies to publish its audited quarterly results within just 10 days, showcasing its commitment to efficiency and transparency.
The company’s net worth rose to Rs 12,042 crore from Rs 9,110 crore, marking a 36 percent increase. Its total loan book expanded to Rs 79,941 crore, up from Rs 63,207 crore a year ago. During the quarter, IREDA sanctioned fresh loans worth Rs 11,740 crore and disbursed Rs 6,980 crore, reflecting growth of 29 percent and 31 percent respectively.
IREDA Chairman and Managing Director (CMD) Pradip Kumar Das said the company’s growing loan book and stronger financials show its strategic focus and operational strength. He said IREDA remains committed to supporting India’s renewable energy goals through innovative and responsible financing.
Das also thanked the Union Minister and Minister of State for New & Renewable Energy, the ministry’s top officials, and the Board of Directors for their continued support. He praised Team IREDA’s dedication and efforts in delivering consistent growth.
With this performance, IREDA has reaffirmed its position as a key driver in India’s clean energy transition, playing a crucial role in financing renewable energy projects across the country.
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