Indian Renewable Energy Development Agency (IREDA) Q2 25/26 earnings summary

Executive summary

• India's largest green financing NBFC with over 38 years of experience, playing a strategic role in renewable energy sector development and recognized as a top wealth creator.

• Standalone and consolidated audited financial results for the quarter and half year ended September 30, 2025, were approved, showing strong growth in income and profitability year-over-year.

• Achieved Navratna status, strong corporate governance, and robust business performance with significant awards and recognitions in FY25.

Financial highlights

• Revenue from operations for H1 FY25-26 rose 28% year-over-year to ₹4,004 crore; Q2 revenue up 26% year-over-year to ₹2,057 crore.

• Standalone net profit after tax for Q2 FY26 was ₹549.00 crore, up from ₹387.75 crore in Q2 FY25; H1 FY26 net profit was ₹795.68 crore, up from ₹771.42 crore in H1 FY25.

• Operating profit for H1 FY25-26 grew 52% year-over-year to ₹1,454 crore.

• Outstanding loan book expanded 31% year-over-year to ₹84,477 crore as of September 30, 2025.

• Net worth increased 38% year-over-year to ₹12,920 crore.

Outlook and guidance

• Positive outlook for India's renewable energy sector, supported by major policy announcements and a 2030 target of 500 GW non-fossil fuel capacity.

• The company continues to focus on financing renewable energy and energy efficiency projects, with all activities in India.