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14th Oct · SEBI-Registered Analyst

FUTURE OUTLOOK AND RESULT OVERVIEW

IREDA
IREDA demonstrated a strong financial performance, supported by steady growth in assets and a resilient balance sheet. Total assets surged 28% YoY to ₹87,793.76 crore, reflecting the company’s expanding lending portfolio in the renewable energy sector. While the GNPA and NNPA ratios inched up to 1.37% and 0.91% respectively, asset quality remains well under control, supported by prudent risk management. The CRAR stood healthy at 16.10%, ensuring robust capital adequacy. During the quarter, IREDA successfully raised ₹453 crore via perpetual taxable bonds, reinforcing investor confidence. Total borrowings reached ₹69,939 crore with zero defaults, highlighting its strong credit profile. Earnings momentum remained solid, with EPS rising to ₹1.97 from ₹1.44 and net worth climbing to ₹12,920 crore. Going forward, IREDA’s focus on expanding green financing, diversifying its funding sources, and maintaining asset quality positions it well for sustainable long-term growth in India’s clean energy ecosystem.

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