Outcome of the Board Meeting held on 09.01.2026

Emphasis of matterRevenue growth above 20%Results restatedProfit growth above 25%Results View source PDF Explain this filing

IREDA · price

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Price reactionminutes from the announcement price · days from the prior close

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₹137.10

prior close

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announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.2%+3.7% vs market

Financial Institution peers, median of 7sector+1.4%+2.1% vs sector

On the reaction day the stock moved 3.7 pts more than Nifty Midcap 150 and 2.1 pts more than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

IREDA's board approved audited standalone and consolidated financial results for Q3 FY26 (quarter ended 31 Dec 2025) and the first nine months of FY26. Total income for Q3 FY26 rose to Rs 2,139.60 crore from Rs 1,698.98 crore a year earlier, up about 26%. For the nine-month period, total income grew to Rs 6,156.57 crore from Rs 4,840.08 crore, a rise of roughly 27%. Profit after tax for Q3 FY26 jumped to Rs 584.91 crore from Rs 425.38 crore (up about 38%), while nine-month PAT rose to Rs 1,380.58 crore from Rs 1,196.81 crore (up about 15%). The joint statutory auditors issued an unqualified (clean) opinion but flagged two emphasis-of-matter items: about Rs 400.24 crore of accounts kept as standard assets instead of NPAs due to court orders, and a restatement of CRAR from 19.63% to 15.52% for Dec 2024 after changing the risk weight on commissioned renewable energy projects.

Likely market impact

Strong revenue and quarterly profit growth suggest healthy business momentum, which is positive for shareholders. However, the auditor's emphasis on the NPA classification issue and the lower restated CRAR are watch-items — they don't affect the clean opinion but highlight asset quality and capital cushion risks investors should monitor.

By the numbersStandalone · Q3 FY26 vs Q3 FY25

	Q3 FY26	Q3 FY25	Change
Revenue	₹2,130 Cr	₹1,698 Cr	+25.4%
Profit after tax	₹584.9 Cr	₹425.4 Cr	+37.5%

From the company's XBRL filing, not from the text above. Operating profit and EBITDA margin are not shown for banks and lenders, whose other income is their business.