IREDA

Strong Q2 Results

🔹 Strong Q2 Results IREDA reported a robust performance for Q2 FY26 with its net profit rising about 42% year-on-year to around ₹549 crore. Revenue grew roughly 26% to ₹2,057 crore, driven by higher disbursements and strong loan growth. Loan sanctions in the first half of FY26 increased by nearly 86% to ₹33,000+ crore, while disbursements rose by around 54%. The company’s loan book is now nearing ₹80,000 crore, showing strong momentum in renewable project financing. 🔹 Stock Movement After the results, the stock saw a brief uptick but later corrected slightly as investors booked profits. It is currently trading around ₹153, down over 30% from its peak earlier this year. Despite short-term volatility, the long-term trend remains supported by strong fundamentals and government backing. 🔹 Sector and Policy Tailwinds IREDA continues to benefit from India’s aggressive renewable energy push. The RBI’s relaxation of risk-weight norms for infrastructure lending has further improved funding prospects for renewable energy financiers like IREDA. The company also raised over ₹450 crore through perpetual bonds, reflecting healthy access to capital markets.