Indian Renewable Energy Development Agency (IREDA) Q1 25/26 earnings summary

Executive summary

• Achieved 29% year-over-year growth in revenue from operations for Q1 FY25, reaching ₹1,947 crore.

• Net profit for Q1 FY25 stood at ₹247 crore, down 36% compared to Q1 FY24.

• Standalone and consolidated financials for the quarter ended 30 June 2025 were audited with unqualified opinions and no audit qualifications reported.

• Outstanding loan book expanded 26% year-over-year to ₹79,941 crore as of June 30, 2025.

• Maintained highest domestic credit ratings (AAA/Stable) and strong international ratings.

Financial highlights

• Standalone total income rose to ₹1,959.53 crore, up from ₹1,510.70 crore year-over-year; consolidated income was ₹1,959.84 crore.

• Standalone net profit after tax was ₹246.68 crore, compared to ₹383.70 crore in the same quarter last year; consolidated net profit was ₹246.88 crore.

• Gross NPA increased to ₹3,302 crore (4.13%) from ₹1,385 crore (2.19%) year-over-year.

• Net worth improved 36% year-over-year to ₹12,402 crore.

• Paid-up equity share capital increased to ₹2,809.23 crore following a QIP in June 2025.

Outlook and guidance

• Positive outlook for India's renewable energy sector, with ambitious government targets and policy support.

• Continued focus on expanding lending across emerging RE technologies and geographies.

• Board and shareholders approved raising up to ₹5,000 crore via QIP, with up to 7% dilution of government shareholding.

• Funds raised through QIP and private placement are earmarked for capital base augmentation, onward lending, and general corporate purposes.