Indian Renewable Energy Development Agency Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.

Emphasis of matterResults restatedRevenue growth above 20%Profit 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 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.

Likely market impact

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.

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.