Ireda rises 4% on releasing Q2 business update; check all key details

Indian Renewable Energy Development Agency (Ireda) shares rose 3.7 per cent on BSE, logging an intra-day high at ₹154.35 per share. At 9:21 AM, Ireda’s share price was trading 3.29 per cent higher at ₹153.65 per share on BSE. In comparison, the BSE Sensex was up 0.09 per cent at 80,337.79.

 

The market capitalisation of the company stood at ₹43,163.84 crore. Its 52-week high was at ₹239.95 per share and 52-week low was at ₹137 per share. 

Why were Ireda shares in demand? 

The buying on the counter came after the company released its September quarter (Q2FY26) business update. 

 

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In Q2, the company sanctioned loans worth ₹33,148 crore, as compared to ₹17,860 crore year-on-year (Y-o-Y), up 86 per cent. Its loan disbursement stood at ₹15,043 crore, as against ₹9,787 crore, up 54 per cent. 

 

The company’s loan book outstanding at period-end stood at ₹84,445 crore, as compared to ₹64,564 crore, up 31 per cent. 

 

In the June quarter (Q1FY26), Ireda reported a 35.6 per cent Y-o-Y drop in consolidated net profit to ₹246.88 crore in Q1FY26 from ₹383.7 crore in the same quarter last year (Q1FY25).

 

Sequentially, net profit plunged over 50 per cent from ₹501.79 crore reported in the March quarter (Q4FY25), signalling a sharp slowdown in earnings momentum.  ALSO READ | Q2 results preview: Global headwinds likely to show in IT firms' earnings 

While revenue from operations rose 29 per cent Y-o-Y to ₹1,947.60 crore, and grew 2.3 per cent sequentially, rising costs weighed heavily on profits. 

 

Financing costs surged to ₹1,218 crore, up from ₹975 crore in the year-ago period, impacting margins and investor sentiment.

 

The Indian Renewable Energy Development Agency (Ireda), established in 1987, is a public limited company under the administrative control of the Ministry of New and Renewable Energy (MNRE), Government of India. 

 

As a dedicated financial institution, Ireda plays a crucial role in promoting, developing, and extending financial support to renewable energy and energy efficiency/conservation projects across the country. The organisation operates with the motto ‘Energy for Ever’ and has emerged as a key driver in India’s clean energy transition.

 

It is widely recognised as India's largest pure-play green financing Non-Banking Financial Company (NBFC), offering a wide range of services - from project conceptualisation and financing to post-commissioning support and assistance for equipment manufacturing and transmission.