Ireda Q1FY26 results: Net profit falls 35.6% YoY to ₹246.88 crore

Revenue from operations rose 29 per cent YoY to ₹1,947.60 crore in Q1FY26 from ₹1,510.27 crore in Q1FY25

Indian Renewable Energy Development Agency (Ireda) reported a 35.6 per cent year-on-year (YoY) decline in consolidated net profit to ₹246.88 crore for the quarter ended June 2025 (Q1FY26), compared to ₹383.70 crore in the corresponding quarter last year.

 

Sequentially, net profit declined 50.8 per cent — or just over half — from ₹501.79 crore reported in the previous quarter (Q4FY25).

 

Revenue from operations, however, rose 29 per cent YoY to ₹1,947.60 crore in Q1FY26 from ₹1,510.27 crore in Q1FY25. On a sequential basis, revenue grew 2.3 per cent from ₹1,904.15 crore reported in Q4FY25. 

Ireda’s financing costs also rose to ₹1,218 crore during the quarter, up from ₹975 crore in the same period last year.

 

The company's net worth saw an increase, reaching ₹12,042 crore compared to ₹9,110 crore at the end of FY25. This growth was accompanied by an expansion in its loan book, which rose to ₹79,941 crore from ₹63,207 crore year-on-year.

 

“Our expanding loan book and net worth reflect our strategic focus and robust operations. IREDA supports India's renewable energy journey with a growing portfolio and strong performance, committed to a sustainable future through innovation and responsible finance,” said Pradip Kumar Das, chairman and managing director of Ireda, as quoted by PTI.

 

Shares of Ireda closed at ₹ apiece at the BSE on Thursday.

 

Ireda Q1 result highlights

 

• Revenue from operations: ₹1,947.6 crore
• Net profit for the period: ₹246.88 crore
• Earnings per share (EPS): ₹0.91  (basic and diluted)