New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) has announced its audited financial results for the second quarter and half year ended September 30, 2026. The renewable energy financier reported a standalone Profit After Tax (PAT) of ₹891.75 crore for the first half of FY27, registering a 12.1% increase from ₹795.68 crore in the corresponding period of the previous financial year.
IREDA’s total income for H1 FY27 increased by 14.4% year-on-year to ₹4,594.29 crore, compared with ₹4,016.98 crore in H1 FY26. The company’s loan book stood at ₹93,961.30 crore as of September 30, 2026, compared with ₹82,012.15 crore a year earlier.
The Board of Directors approved the audited standalone and consolidated financial results at its meeting held on October 19, 2026.
IREDA Q2 FY27 Financial Results
For the quarter ended September 30, 2026, IREDA reported a standalone net profit of ₹554.26 crore, compared with ₹549.00 crore in Q2 FY26, marking a year-on-year increase of approximately 1%.
The company’s total income for the quarter rose to ₹2,344.75 crore from ₹2,057.45 crore in the corresponding quarter last year. Interest income, which forms the primary source of revenue for the renewable energy financier, increased to ₹2,316.97 crore from ₹2,030.10 crore.
Finance costs also increased during the quarter, rising to ₹1,376.48 crore from ₹1,212.96 crore in Q2 FY26. Profit Before Tax (PBT) stood at ₹706.57 crore, compared with ₹696.07 crore in the year-ago quarter.
Key Financial Highlights: Q2 and H1 FY27
- Total Income: ₹2,344.75 crore in Q2 FY27 vs ₹2,057.45 crore in Q2 FY26; ₹4,594.29 crore in H1 FY27 vs ₹4,016.98 crore in H1 FY26.
- Interest Income: ₹2,316.97 crore in Q2 FY27 vs ₹2,030.10 crore in Q2 FY26; ₹4,514.77 crore in H1 FY27 vs ₹3,938.89 crore in H1 FY26.
- Profit Before Tax (PBT): ₹706.57 crore in Q2 FY27 vs ₹696.07 crore in Q2 FY26; ₹1,119.28 crore in H1 FY27 vs ₹1,000.70 crore in H1 FY26.
- Profit After Tax (PAT): ₹554.26 crore in Q2 FY27 vs ₹549 crore in Q2 FY26; ₹891.75 crore in H1 FY27 vs ₹795.68 crore in H1 FY26.
- Earnings Per Share (EPS): ₹1.97 in Q2 FY27 and Q2 FY26; ₹3.17 in H1 FY27 vs ₹2.88 in H1 FY26.
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IREDA H1 FY27 Profit and Income Grow
IREDA recorded steady growth in its financial performance during the first half of FY27. Total income increased by 14.4% year-on-year to ₹4,594.29 crore, while interest income rose by 14.6% to ₹4,514.77 crore.
Profit Before Tax increased by 11.8% to ₹1,119.28 crore, compared with ₹1,000.70 crore in H1 FY26. Profit After Tax grew by 12.1% to ₹891.75 crore from ₹795.68 crore during the same period last year.
Earnings per share (EPS), both basic and diluted, stood at ₹3.17 for H1 FY27, compared with ₹2.88 in the corresponding period of the previous financial year.
These results reflect continued growth in IREDA’s income and profitability as it finances renewable energy projects across India.
IREDA Loan Book Reaches ₹93,961 Crore
IREDA’s loan book expanded to ₹93,961.30 crore as of September 30, 2026, up from ₹82,012.15 crore a year earlier. The increase highlights the company’s continued lending activity in the renewable energy sector.
The company’s total assets stood at ₹97,985.76 crore as of September 30, 2026, while its net worth reached ₹14,337.40 crore.
Balance Sheet Highlights as of September 30, 2026
- Loan Book: ₹93,961.30 crore, compared with ₹82,012.15 crore a year earlier.
- Total Assets: ₹97,985.76 crore.
- Net Worth (Equity): ₹14,337.40 crore.
The expansion of the loan book reflects IREDA’s role in providing financial support for renewable energy development and related projects.
IREDA Asset Quality: GNPA Falls to 3.57%
IREDA reported an improvement in its asset quality indicators as of September 30, 2026. The Gross Non-Performing Assets (GNPA) ratio declined to 3.57%, compared with 3.97% in the corresponding period last year.
The Net Non-Performing Assets (NNPA) ratio also improved, falling to 1.08% from 1.97% a year earlier.
However, impairment charges on financial instruments increased during the quarter. IREDA recorded impairment of ₹186.81 crore in Q2 FY27, compared with ₹69.92 crore in Q2 FY26. Cumulative impairment charges for H1 FY27 stood at ₹605.35 crore.
The company’s cumulative impairment allowance, including standard loans and non-fund-based facilities, amounted to ₹3,293.28 crore. The Provisioning Coverage Ratio on Stage III assets stood at 70.44%.
The improvement in GNPA and NNPA ratios indicates better reported asset quality, although the increase in impairment charges remains an important financial indicator to monitor.
IREDA Board Approves Financial Results for Q2 FY27
The Board of Directors approved IREDA’s audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, at its meeting on October 19, 2026.
The meeting commenced at 3:45 PM and concluded at 6:40 PM.
With growth in half-year income and profit, an expanding loan book and improved non-performing asset ratios, IREDA continues to play an important role in financing India’s renewable energy sector.
About (IREDA)
Indian Renewable Energy Development Agency Limited (IREDA) is a public sector enterprise under the Ministry of New and Renewable Energy, Government of India. It is a specialised financial institution that provides financial assistance for renewable energy and energy-efficiency projects, supporting the development and expansion of clean energy infrastructure in India.
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