IREDA Shares Surge 4% on Robust Q3 Profit Growth, While Tejas Networks Plunges 13% Amid Heavy Losses

Indian stock markets witnessed contrasting reactions to the latest quarterly earnings from two key players: the state-owned

ble Energy Development Agency (IREDA) and telecom equipment manufacturer ks. IREDA's shares rallied over 4% intraday, reaching a high of Rs 142.3 per share, breaking a two-session losing streak. This positive momentum followed the company's strong standalone Q3 FY26 results announced on January 9. IREDA reported a standalone net profit of Rs 584.91 crore for the October-December quarter, marking an impressive 37.5% year-on-year (YoY) increase from Rs 425.38 crore in the same period last year. Revenue from operations climbed 25% YoY to Rs 2,129.87 crore, up from Rs 1,698.45 crore. The company's loan book expanded significantly to Rs 87,975 crore, reflecting robust growth in renewable energy financing amid India's push for clean energy. The solid performance underscores IREDA's pivotal role in supporting national sustainability goals through innovative lending and strong stakeholder confidence.