IREDA’s Q1 FY26 Performance with Key Financial Impacts

State-owned Indian Renewable Energy Development Agency (IREDA) reported a 36% decline in net profit to ₹247 crore for the June 2025 quarter, down from ₹384 crore in the same period last year. The drop was primarily driven by a significant rise in financing costs , which climbed to ₹1,218 crore from ₹975 crore, and a one-time impairment loss of ₹363 crore on financial instruments, compared to a gain of ₹30 crore in the previous year. Despite these challenges, revenue from operations improved to ₹1,947 crore, up from ₹1,510 crore, while total expenses surged to ₹1,655 crore from ₹1,034.96 crore. The company’s loan book expanded to ₹79,941 crore , up from ₹63,207 crore, and its net worth rose to ₹12,042 crore from ₹9,110 crore, reflecting strong asset growth and strategic focus. IREDA continues to support India’s renewable energy transition, with loan sanctions reaching ₹11,740 crore and disbursements at ₹6,980 crore during the quarter. Chairman Pradip Kumar Das emphasized that despite the near-term pressure from higher financing and impairment charges, the company remains committed to driving sustainable growth through innovation and responsible financing.