Indian Renewable Energy Development Agency Limited has informed the Exchange regarding 'Consolidated Financial Statements for the quarter ended 30.06.2025'.
IREDA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.0 pts less than Nifty Midcap 150 and 5.5 pts less than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
IREDA's consolidated Q1 FY26 results show total revenue from operations growing ~29% year-on-year to ₹1,947.60 crore (from ₹1,510.27 crore), driven by a 29% rise in interest income to ₹1,909.10 crore as the loan book expanded to ₹78,148.92 crore (from ₹62,341.60 crore). However, profit after tax fell ~36% to ₹246.88 crore (from ₹383.70 crore) due to a sharp spike in impairment on financial instruments to ₹362.61 crore (from a reversal of ₹30.04 crore) and higher finance costs of ₹1,218.27 crore. EPS declined to ₹0.91 from ₹1.43. The auditor flagged two emphasis-of-matter items: ₹418.02 crore of loans classified as Standard instead of NPA per a High Court interim order, and a restatement of CRAR from 19.52% to 15.26% for the prior period after the company increased the risk weight on commissioned renewable energy projects from 50% to 100%. Operating cash flow remained deeply negative at (₹3,023.90 crore), typical for a growing lending NBFC.
Strong loan book growth and revenue expansion are positives, but the steep rise in loan impairment provisions and a 36% drop in profits are red flags for asset quality. The CRAR restatement to 15.26%, while still above the RBI minimum, signals tighter capital headroom. Shareholders should watch for further slippage in the flagged ₹418 crore exposure and trends in provisioning.