New Delhi: In a strong testament to India’s growing momentum in the renewable energy sector, the Indian Renewable Energy Development Agency Ltd. (IREDA) has announced stellar financial results for the second quarter (Q2) of FY 2025-26, recording a 41% year-on-year increase in net profit and an 81% growth in loan disbursements.
The results were approved in a meeting of IREDA’s Board of Directors held on October 14.
Union Minister Prahlad Joshi Applauds IREDA’s Contribution to India’s Green Future
Union Minister for New and Renewable Energy, Shri Pralhad Joshi, lauded IREDA’s performance, noting that the agency continues to play a pivotal role in fostering self-reliance, sustainable development, and clean energy transformation in India.
“IREDA is lighting up India’s future and inspiring collective efforts toward a greener and brighter tomorrow, with passion and purpose,” said the Minister.
Read Also: IREDA Reports 86% Surge in Loan Sanctions in H1 FY 2025-26, Boosts Clean Energy Financing
Key Financial Highlights – Q2 FY26 (Standalone)
Strategic Growth Driven by Execution Excellence
Commenting on the quarterly performance, Mr Pradip Kumar Das, Chairman & Managing Director of IREDA, emphasized the agency’s role in enabling India’s clean energy ambitions –
“IREDA’s consistent growth across quarters underscores our strategic focus and execution excellence. Our expanding loan book and strong financials are a testament to the trust placed in us by stakeholders.”
Mr Das also extended appreciation to Team IREDA and acknowledged the support from the Ministry of New & Renewable Energy (MNRE), including the Union Minister, Minister of State, Secretary, and other senior officials.
Powering the Renewable Future
IREDA’s robust financial performance reflects its growing relevance in India’s transition toward a low-carbon economy. By aggressively supporting renewable energy projects through loan disbursements and financial innovation, the agency is reinforcing India’s goal to meet its ambitious clean energy targets, including 500 GW of non-fossil fuel capacity by 2030.
Following strong Q2 results, shares of IREDA rose 3.7%, hitting an intraday high of ₹155.86 before settling at ₹155.34. The PSU now holds a market capitalisation of ₹43,660 crore. While the stock remains 33.84% below its 52-week high of ₹234.29, it is trading 13% above its 52-week low of ₹137.01.
About IREDA
The Indian Renewable Energy Development Agency (IREDA) is a government-owned “Navratna” financial institution that provides funding for renewable energy projects in India. Functioning as a non-banking financial company (NBFC) under the Ministry of New and Renewable Energy, IREDA is a key force in India’s transition to a green and sustainable energy economy.
IREDA’s core mission is to promote, develop, and extend financial assistance for projects involving new and renewable energy sources, as well as those related to energy efficiency and conservation.
India’s journey toward clean energy is gaining wonderful momentum with @IREDALtd’s strong Q2 FY26 progress.
— Pralhad Joshi (@JoshiPralhad) October 14, 2025
With passion and purpose, IREDA is nurturing sustainable growth and self-reliance, lighting up India’s future and inspiring us all to build a greener, brighter tomorrow.… pic.twitter.com/buCO8miBLZ
