Outcome of the Board Meeting held on 09.01.2026

Emphasis of matterRevenue growth above 20%Profit growth above 25%Results restatedResults View source PDF Explain this filing

IREDA · price

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Price reactionminutes from the announcement price · days from the prior close

+3.5%Reaction day

₹137.10

prior close

₹139.99

announcement price

After-mkt

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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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Reaction day

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Next day

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AI summary

IREDA's board approved audited standalone and consolidated financial results for Q3 FY26 and nine months ended December 31, 2025. Standalone Q3 revenue from operations rose about 26% year-on-year to ₹2,139.60 crore, while Q3 profit after tax jumped roughly 37% to ₹584.91 crore (₹425.38 crore in Q3 FY25). For nine months, revenue grew about 27% to ₹6,156.57 crore and PAT grew about 15% to ₹1,380.58 crore. Loan book stood at ₹87,884.76 crore with cumulative impairment allowance of ₹2,477.31 crore. Gross NPA ratio rose sharply to 3.97% as of December 2025 from 1.04% a year earlier, and CRAR was reported at 19.54%. Joint statutory auditors gave an unmodified opinion but flagged two emphasis of matter items.

Likely market impact

Strong top-line and profit growth signals healthy business momentum, which is positive for shareholders. However, the sharp jump in Gross NPAs (1.04% to 3.97%), ₹400.24 crore of accounts kept as standard only due to High Court interim orders, and a restatement that lowered CRAR raise asset-quality concerns that could weigh on the stock in the short term despite the clean audit opinion.

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.