IREDA reports 41% jump in Q2 net profit; loan disbursements surge 81%

New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) has announced its audited financial results for the second quarter and half year ended September 30, showcasing robust financial performance and operational strength.

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In a meeting held on Tuesday at IREDA’s registered office, the board of Directors approved the audited financial results for Q2 FY 2025–26. The company reported a 41 percent year-on-year rise in net profit and significant growth across key financial indicators, reaffirming its pivotal role in advancing India’s renewable energy transition.

During the quarter, IREDA sanctioned loans worth Rs 21,408 crore, marking an impressive growth of 145 percent compared to Rs 8,724 crore in the corresponding period last year. Loan disbursements increased sharply by 81 percent, reaching Rs 8,062 crore as against Rs 4,462 crore in the same quarter of the previous financial year. The company’s loan book expanded by 31 percent to Rs 84,477 crore from Rs 64,564 crore a year ago.

IREDA’s net worth rose by 38 percent to Rs 12,920 crore from Rs 9,336 crore in the previous year, demonstrating continued strengthening of its balance sheet. The company also reported a profit after tax (PAT) of Rs 549 crore, up 41 percent from Rs 388 crore in Q2 FY 2024–25. Further, revenue from operations stood at Rs 2,057 crore, registering a 26 percent year-on-year growth from Rs 1,630 crore.

Commenting on the financial results, IREDA's Chairman and Managing Director (CMD) Pradip Kumar Das said, “IREDA’s consistent growth across quarters underscores our strategic focus and execution excellence. Our expanding loan book and strong financials are a testament to the trust placed in us by stakeholders and highlight our role as a key enabler in India’s clean energy ecosystem.”

Das also lauded the efforts of team IREDA and expressed his gratitude to the Hon’ble Union Minister for New & Renewable Energy, the Hon’ble Minister of State, the MNRE Secretary, senior ministry officials, and the Board of Directors for their continuous support.

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