Stories
IREDA Q2 Profit Flat Despite 17% Operating Surge and Better Asset Quality
- •Indian Renewable Energy Development Agency reported a flat net profit of ₹552 crore for the September quarter of FY27, up 0.5% year on year.
- •Operating profit grew at a faster pace of 16.5% year on year to reach ₹904 crore compared to ₹776 crore in the same period last year.
- •Asset quality improved sequentially with gross NPA declining to 3.57% and net NPA easing to 1.08%.
- •IREDA shares closed lower by 1.48% at ₹106.50 on the BSE ahead of the earnings announcement.
- •The Q2 results follow a record-breaking FY26 where the lender achieved its highest-ever annual profit of ₹1,873 crore and a loan book exceeding ₹93,000 crore.
Key Questions Answered
Indian Renewable Energy Development Agency reported a flat net profit of ₹552 crore for the September quarter of FY27, marking a 0.5% increase from ₹549 crore the previous year. Meanwhile, its operating profit grew by 16.5% year on year to reach ₹904 crore compared to ₹776 crore in the corresponding quarter last year.
IREDA's asset quality showed sequential improvement over the previous quarter. Gross non-performing assets declined from 3.76% to 3.57%, while net non-performing assets eased from 1.23% to 1.08%.
During FY26, IREDA reported its highest-ever annual profit of ₹1,873 crore and a 23% rise in total operating income to ₹8,337 crore. The outstanding loan book crossed ₹93,000 crore backed by ₹51,883 crore in loan sanctions and ₹34,946 crore in disbursements.
