Indian Renewable Energy Development Agency Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
IREDA · price
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Awaiting price reaction for this filing.
IREDA's Board approved audited standalone and consolidated financial results for Q3 FY26 and 9M FY26 on January 9, 2026. Standalone total income from operations grew to Rs 2,139.60 Cr in Q3 (vs Rs 1,698.98 Cr in Q3 FY25, up ~26%) and Rs 6,156.57 Cr for 9M FY26 (vs Rs 4,840.08 Cr, up ~27%). Standalone net profit after tax rose to Rs 584.91 Cr in Q3 (up ~37% YoY) and Rs 1,380.58 Cr for 9M FY26 (up ~15%). Loan assets stood at Rs 85,989 Cr with cumulative impairment allowance of Rs 2,477 Cr. CRAR was 19.54%, Gross NPAs at 3.11% and Net NPAs at 1.68%. Auditors (Shiv & Associates and Rao & Emmar) gave an unmodified opinion but flagged two Emphasis of Matter items — Rs 400.24 Cr of accounts kept as standard instead of NPA due to High Court interim orders, and restatement of CRAR for 31.12.2024 from 19.63% to 15.52% due to a change in risk weightage.
Strong top-line and quarterly profit growth is positive for shareholders, supported by a healthy 19.54% capital adequacy ratio. However, the Emphasis of Matter on Rs 400 Cr of stressed assets and rising provisioning deserve watch, as does the NPA ratio creeping up.