Indian Renewable Energy Development Agency Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
IREDA · price
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IREDA reported total income of Rs 8,337.48 crore for FY 2025-26, up 23.4% from Rs 6,754.78 crore in the previous year. Net profit after tax grew 10.3% to Rs 1,873.34 crore versus Rs 1,698.60 crore. EPS improved to Rs 6.73 from Rs 6.32. The Board recommended a final dividend of Rs 0.75 per share (total dividend for FY including interim is Rs 1.35 per share). Asset quality showed stress as gross NPAs rose to 3.49% from 2.45%, with cumulative impairment allowance increasing to Rs 2,689.14 crore. Two fraud cases involving Rs 14.80 crore (Gensol group) are under investigation. The company is seeking shareholder approval to amend its MOA to enter new areas including carbon capture, nuclear power infrastructure, and data centres.
Strong revenue and profit growth demonstrates IREDA's lending expansion, but rising NPAs and fraud cases highlight asset quality concerns. The clean audit opinion provides some comfort, though governance issues around missing independent directors and audit committee remain unresolved.