New Delhi: Indian Renewable Energy Development Agency Limited (IREDA), India’s premier green energy financing institution and a Navratna Central Public Sector Enterprise (CPSE), has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
The company delivered strong growth across all major financial parameters during the first quarter of FY2026-27. Standalone Profit After Tax (PAT) increased by 36.82% year-on-year (YoY) to ₹337.50 crore, while the company’s loan book crossed ₹94,851.88 crore. IREDA also reported a significant improvement in asset quality, with both gross and net NPA ratios declining during the quarter.
Standalone Financial Performance in Q1 FY27
IREDA reported robust growth across all key standalone financial indicators.
Highlights include:
- Total Income: Increased to ₹2,249.54 crore, up 14.80% from ₹1,959.53 crore in Q1 FY26.
- Profit Before Tax (PBT): Rose to ₹412.72 crore, registering a 35.48% YoY growth.
- Profit After Tax (PAT): Grew to ₹337.50 crore, an increase of 36.82% over ₹246.68 crore in the corresponding quarter last year.
- Basic Earnings Per Share (EPS): Improved to ₹1.20 from ₹0.91, reflecting a 31.87% increase.
- Net Worth: Increased to ₹14,132.50 crore, up 13.95% from ₹12,401.86 crore.
- Capital to Risk-Weighted Assets Ratio (CRAR): Improved to 20.30%, compared to 19.58% a year ago.
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Consolidated Financial Performance
IREDA also posted impressive consolidated financial results for the quarter.
Key highlights include:
- Total Income: Rose to ₹2,250.60 crore, up 14.84% YoY.
- Profit Before Tax (PBT): Increased to ₹413.75 crore, marking a 35.71% growth.
- Profit After Tax (PAT): Climbed to ₹338.53 crore, registering a 37.12% increase over Q1 FY26.
- Basic Earnings Per Share (EPS): Increased to ₹1.21 from ₹0.91, up 32.97%.
Loan Book Crosses ₹94,851 Crore
IREDA continued to expand its lending portfolio during the quarter.
Operational highlights include:
- Outstanding Loan Book: Increased to ₹94,851.88 crore as of June 30, 2026, from ₹79,851.91 crore in the same period last year.
- Impairment Loss Allowance: Stood at ₹3,099.55 crore, with provisioning coverage of 3.27%.
- Capital Adequacy Ratio (CRAR): Maintained at a healthy 20.30%.
- Tier-I Capital: ₹14,935.83 crore.
- Debt-Equity Ratio: 5.59 times.
- Security Cover: Maintained at 3.57 times for secured Non-Convertible Debentures (NCDs).
Asset Quality Improves Significantly
IREDA continued to strengthen its balance sheet through better asset quality.
Key improvements include:
- Gross NPA Ratio: Improved to 3.76%, down from 4.13% in Q1 FY26.
- Net NPA Ratio: Declined to 1.22% from 2.06% a year earlier.
- Provisioning Coverage for Stage III Assets: Remained strong at 68.22%.
The lower NPA ratios indicate improved credit quality and effective risk management across the company’s loan portfolio.
Key Developments During the Quarter
IREDA undertook several strategic initiatives during the quarter to support future growth.
Fund Raising
The company raised ₹1,500 crore through the private placement of taxable unsecured bonds (Series XVIII-A).
The proceeds have been fully utilized for:
- Lending to renewable energy projects.
- General corporate purposes.
Cost Auditor Reappointed
The Board of Directors reappointed M/s R.M. Bansal & Co., Cost Accountants, as the Cost Auditor for the financial year 2026-27.
Subsidiary Included in Consolidated Results
The consolidated financial statements include the performance of IREDA Global Green Energy Finance IFSC Limited, a wholly owned subsidiary.
As of June 30, 2026, the subsidiary reported:
- Total Assets: ₹90.05 crore.
Strong Financial Position Supports Future Growth
As of June 30, 2026, IREDA maintained a strong financial position backed by healthy capital adequacy and improving asset quality.
Key financial indicators:
- Net Worth: ₹14,132.50 crore.
- Debt-Equity Ratio: 5.59.
- Gross NPA Ratio: 3.76%.
- Net NPA Ratio: 1.22%.
- CRAR: 20.30%.
The company’s healthy balance sheet positions it well to support India’s rapidly growing renewable energy sector.
Outlook
With rising investments in solar, wind, green hydrogen, battery storage, and other clean energy technologies, IREDA is expected to play a critical role in financing India’s renewable energy expansion. Its strong quarterly performance, improving asset quality, and expanding loan portfolio reflect sustained momentum in the country’s clean energy financing ecosystem.
About IREDA
Indian Renewable Energy Development Agency Limited (IREDA) is a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of New and Renewable Energy (MNRE), Government of India. Established in 1987, IREDA is India’s leading non-banking financial institution dedicated to financing renewable energy and energy efficiency projects. The company provides financial assistance for solar, wind, hydropower, bioenergy, green hydrogen, energy storage, electric mobility, and other clean energy initiatives, supporting India’s transition towards a sustainable and low-carbon economy.
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