Indian Renewable Energy Development Agency Ltd. (IREDA) Q2 FY2026 Investor Update

IREDA, the state-run financial institution, reported robust performance for the September quarter (Q2 FY2026), leading to a stock recovery of up to 2.3% on Tuesday, October 14. Financial Highlights (Year-on-Year): Net Interest Income (NII): Core income surged by 49.5% to ₹817 crore, up from ₹547 crore in the corresponding period last year. Net Profit: Increased by 41.5% to ₹549 crore. Operating Profit: Grew by 55% to ₹766 crore, from ₹494 crore year-on-year. Business Growth: Loan Sanctions (as of September 30, 2025): Demonstrated significant growth, rising by 86% year-on-year to ₹33,148 crore. Disbursements: Increased by 54% year-on-year to ₹15,043 crore. Loan Book Outstanding: Grew by 31% year-on-year, reaching ₹84,445 crore at the end of the quarter. Asset Quality Improvement (Sequential Basis): Gross Non-Performing Assets (GNPA): Improved to 3.97% from 4.13% in the June quarter. Net Non-Performing Assets (NNPA): Improved to 1.97% from 2.06% in the previous quarter. The company's strong core income growth, significant expansion in its loan portfolio, and concurrent improvement in asset quality metrics underscore a positive operational trajectory for IREDA. The stock is currently trading 2.6% higher at ₹153.79.