IREDA shares in focus after Q1 profit falls 36% YoY to Rs 247 crore

IREDA shares in focus after Q1 profit falls 36% YoY to Rs 247 crore 1)

- Stock on radar after Q1 results 2) Shares of Indian Renewable Energy Development Agency (IREDA) will be in focus on Friday after the company reported a 36% year-on-year decline in standalone net profit to Rs 247 crore for Q1FY26, compared to Rs 384 crore in the same quarter last year. 3) Sequentially, net profit fell 51% from Rs 502 crore reported in Q4FY25. Revenue saw a marginal 2.6% rise from Rs 1,861 crore in the previous quarter. The decline in profit was largely due to a sharp increase in expenses, which rose 60% YoY to Rs 1,655 crore in Q1FY26, up from Rs 1,035 crore. The rise in costs was driven by finance charges, exchange losses, and employee benefit expenses. 4) Asset quality has reduced and this is negative for the stock 5) Profits have declined YOY and this is also pulling the stock down 6) All this data is for information. 7) This is not a buy/sell recommendation. Thank you, Technofunda24