Indian Renewable Energy Development Agency Limited (IREDA) has announced its financial results for the quarter ended June 30, 2026. The company reported a standalone profit of ₹337.50 crore, marking a 27.5% increase compared to the previous year’s quarter. Revenue from operations also saw a significant rise, reflecting the company’s continued growth in financing renewable energy projects.
IREDA Reports Strong Q1 Performance
Indian Renewable Energy Development Agency Limited (IREDA) has declared its financial results for the first quarter of the financial year 2026-27, ending on June 30, 2026. The company posted a standalone profit after tax of ₹337.50 crore for the quarter. This represents a notable increase of 27.5% compared to the profit of ₹246.68 crore reported in the corresponding quarter of the previous year (ended June 30, 2025).
Key Financial Highlights
Total revenue from operations for the quarter stood at ₹2,248.39 crore, an increase from ₹1,947.29 crore in the same period last year. The company’s expenses were managed effectively, leading to a profit before tax of ₹412.72 crore. The consolidated financial results also mirrored this positive trend, with a consolidated profit after tax of ₹338.53 crore for the quarter ended June 30, 2026.
Other comprehensive income for the standalone entity amounted to (₹59.85) crore. The total comprehensive income for the period was ₹277.65 crore. Basic and diluted Earnings Per Share (EPS) for the continuing operations stood at ₹1.20 for the quarter.
Financial Position and Ratios
As of June 30, 2026, IREDA’s Net Worth was reported at ₹14,132.50 crore. The Debt Equity Ratio was 5.59. Key financial ratios, such as Gross Non Performing Assets Ratio and Net Non Performing Assets Ratio, were disclosed as 3.76% and 1.22% respectively, indicating the company’s asset quality management.
Cost Auditor Re-appointment
In addition to the financial results, the Board of Directors approved the re-appointment of M/s R.M. Bansal & Co. as the Cost Auditor for the financial year 2026-27.
Source: BSE
