Ireda share price slips 6% as Q1 profit plunges 36% YoY; details here

Ireda share price: Indian Renewable Energy Development Agency (Ireda) share price dropped as much as 6.24 per cent to hit an intraday low of ₹159.05 per share on Friday, July 11, 2025.

 

At 11:05 AM, Ireda share price was trading 5.07 per cent lower at ₹161.05. In comparison, BSE Sensex was trading 0.78 per cent lower at 82,539.85 levels.  READ STOCK MARKET LATEST UPDATES LIVE 

Why did Ireda share price drop?

 

Ireda shares declined today following a disappointing financial performance in the June quarter (Q1FY26).

 

Ireda reported a 35.6 per cent year-on-year (Y-o-Y) drop in consolidated net profit, which fell to ₹246.88 crore in Q1FY26 from ₹383.70 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.

 

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.

 

About Ireda

 

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.

 

Ireda holds the ‘Navratna’ status, granting it enhanced operational autonomy within the public sector. 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.