IREDA has informed the exchange about audited standalone Financial Statements for the year ended 31032026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IREDA has released its audited standalone financial statements for FY2026 with an unmodified (clean) audit opinion from joint auditors Shiv & Associates and Rao & Emmar. Key audit matters identified were the impairment of loan assets using Expected Credit Loss methodology and fair valuation of derivative financial instruments. The auditors confirmed no material uncertainty exists regarding the company's ability to meet liabilities. Two fraud instances totaling Rs 14.80 crores were reported, along with one suspected fraud under investigation. Accounts worth Rs 394 crore classified as Stage II/Standard instead of Stage III/NPA due to High Court interim orders, with interest recognized on collection basis. CRAR improved to 20.59% following RBI's revised risk-weight framework for high-quality infrastructure projects, reducing risk-weighted assets by Rs 7,787.77 crores. The company has created an Impairment Reserve as required under IRACP norms. Overdue amounts exceeding 90 days stand at Rs 3,245.46 crores.
Clean audit opinion with no going concern issues is positive for investors. However, the Rs 394 crore NPA classification matter and Rs 14.80 crore fraud instances warrant monitoring. Strong CRAR of 20.59% indicates adequate capital buffers for a NBFC.