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IREDA reports strong Q3 FY26 performance with 37.5% YoY profit growth

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IREDA reports strong Q3 FY26 performance with 37.5% YoY profit growth
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Athira Sethu

Kochi, 10 Jan 2026

State-owned Indian Renewable Energy Development Agency (IREDA) posted a healthy growth in revenue and profitability during Q3 of FY26. The Navratna company saw its net profit surge 37.5% year-on-year (YoY), marking a solid upward trajectory in its financial health. Here’s a breakdown of IREDA’s financial performance for Q3 FY25-26:

Financial Highlights

IndicatorQ3 FY25-26Q3 FY24-25YoY Change
Net ProfitRs 584.9 croreRs 425.4 crore+37.5%
Total Revenue from OperationsRs 2,130 croreRs 1,698 crore+25%
Net Interest Income (NII)Rs 897.5 croreRs 665.8 crore+34.8%
Gross NPA3.75%3.97%-0.22% (QoQ)
Net NPA1.68%1.97%-0.29% (QoQ)
Outstanding Loan BookRs 87,975 croreRs 68,960 crore+28%
Net WorthRs 13,537 croreRs 9,842 crore+38%

Asset Quality

IndicatorQ3 FY25-26Q2 FY25-26 (QoQ)Change
Gross NPA3.75%3.97%-0.22%
Net NPA1.68%1.97%-0.29%
Net NPA (in absolute terms)Rs 1,448 croreRs 1,570 crore-Rs 122 crore

Loan Book Growth

IndicatorQ3 FY25-26Q3 FY24-25YoY Change
Outstanding Loan BookRs 87,975 croreRs 68,960 crore+28%

Capital and Fundraising

IndicatorQ3 FY25-26Q3 FY24-25YoY Change
Net WorthRs 13,537 croreRs 9,842 crore+38%
QIP Fund RaisedRs 2,005.90 crore––

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