Indian Renewable Energy Development Agency (IREDA) Q3 25/26 earnings summary

Executive summary

• India's largest pure-play green financing NBFC with over 38 years of experience and a strategic role in renewable energy sector development.

• Upgraded to Navratna status in 2025, with a strong track record of corporate governance and credit ratings.

• Standalone and consolidated audited financial results for the quarter and nine months ended December 31, 2025, were approved, with no audit qualifications reported.

• Expanded presence through a wholly owned subsidiary in IFSC GIFT City, operational since February 2025.

Financial highlights

• Standalone revenue from operations for Q3 FY25-26 rose 25% year-over-year to ₹2,130 crore; 9M FY25-26 revenue up 27% to ₹6,134 crore.

• Standalone net profit for Q3 FY26 was ₹584.91 crore, up from ₹425.38 crore in Q3 FY25; nine-month net profit was ₹1,380.58 crore, up from ₹1,196.81 crore year-over-year.

• Consolidated 9M FY25-26 revenue at ₹6,135 crore and PAT at ₹1,381 crore, both up from previous year.

• Net worth as of Dec 31, 2025, stood at ₹13,537 crore, up 38% year-over-year.

• EPS for 9M FY25-26 at ₹4.97, up 12% year-over-year.

Outlook and guidance

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

• Continued focus on expanding green financing and supporting emerging technologies.

• Continued focus on renewable energy financing and prudent risk management is indicated.