!REDA Q1 FY26 Results: Net Profit Slips 36% YoY to ₹247 Crore; Interest Income Jumps 29% Amid Strong Loan Growth

The Indian Renewable Energy Development Agency (IREDA), a state-owned financial institution under the Ministry of New and Renewable Energy, reported a 36% year-on-year (YoY) decline in its standalone net profit, which fell to ₹247 crore in the first quarter of FY26, compared to ₹384 crore in the same period last year. Despite the dip in profit, the agency posted a 29% YoY increase in interest income, backed by strong growth in its loan portfolio and disbursements. Key Financial Highlights – Q1 FY26 Net Profit (PAT): ₹247 crore, down 36% YoY from ₹384 crore Revenue from Operations: ₹1,948 crore, up 29% YoY Interest Income: ₹1,898 crore, compared to ₹1,468 crore YoY Loan Sanctions: ₹11,740 crore, up 29% YoY Loan Disbursements: ₹6,981 crore, up 31% YoY Outstanding Loan Book: ₹79,960 crore, a 27% YoY rise Performance Drivers & Strategic Trends Loan Book Expansion: Continued momentum in renewable energy project financing fueled loan growth, pushing the outstanding loan book to nearly ₹80,000 crore. Higher Provisions & Operating Costs: The decline in net profit is attributed primarily to increased provisioning and expenses related to scaling operations. Capital Infusion:

successfully raised ₹2,006 crore via QIP in June 2025, enhancing its capital adequacy and funding capacity. Sector Tailwinds: India’s renewable sector grew rapidly in H1 2025, creating higher demand for project financing. Management Commentary CMD Pradip Kumar Das emphasized that the Q1 results reflect “robust business growth and strategic capital management,” and reaffirmed the company’s commitment to accelerating India’s renewable energy transition through financial support. Disclaimer: This is not investment advice. The information is provided solely for informational purposes. Please consult a financial advisor before making any investment decision.