Indian Renewable Energy Development Agency Limited has informed the Exchange regarding 'Audited Standalone Financial Statements for the period ended 3112025'.

Revenue growth above 20%Emphasis of matterResults restatedNegative operating cash flowProfit growth above 25%Results View source PDF Explain this filing

IREDA · price

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

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AI summary

IREDA, a government-owned renewable energy finance NBFC, filed its audited standalone interim financial statements for the nine months ended December 31, 2025. Total revenue from operations rose 26.8% year-on-year to ₹6,134.04 crores, driven mainly by interest income of ₹6,040.86 crores (up 28.1%). Profit after tax grew 15.4% to ₹1,380.58 crores, while earnings per share rose to ₹4.97 from ₹4.45. The loan book expanded 26.4% to ₹85,989 crores and total assets crossed ₹92,197 crores. However, impairment on financial instruments surged sharply to ₹561.79 crores from ₹107.79 crores in the prior period. The auditors flagged two Emphasis of Matter items — ₹400.24 crores of accounts reclassified as standard instead of NPA per High Court interim orders, and a restatement of CRAR for December 2024 to 15.52%. The audit was conducted by joint auditors Shiv & Associates and Rao & Emmar, noting the prior period was audited by predecessor statutory auditors.

Likely market impact

Strong top-line and loan-book growth signal aggressive business expansion, but a five-fold jump in impairment provisions and Emphasis of Matter on NPA reclassification raise asset-quality concerns. The change in statutory auditors and negative operating cash flows from rapid lending growth are additional points shareholders should track closely.

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.