Indian Renewable Energy Development Agency () shares were trading at ₹138.94, up ₹2.33 or 1.71 per cent from the previous close of ₹136.61, as of 12.38 pm on Monday after the state-owned renewable energy financier reported robust third-quarter earnings on the previous trading day. The stock opened higher at ₹139.99 and touched an intraday high of ₹142.30, though it dipped to ₹137.46 during the session.
IREDA’s net profit surged 38 per cent year-on-year to ₹584.9 crore in Q3 FY25-26, up from ₹425.4 crore in the same quarter last year. Net interest income climbed 34.8 per cent to ₹897.5 crore from ₹665.8 crore, driven by expansion in its loan book and improved interest spreads.
The company’s outstanding loan book grew 28 per cent to ₹87,975 crore as of December 31, 2025, compared to ₹68,960 crore a year earlier. Revenue from operations increased 25 per cent to ₹2,130 crore, while net interest margin expanded to 3.74 per cent from 3.33 per cent in the year-ago period. The company maintained its net NPA ratio at 1.68 per cent, though marginally higher than 1.50 per cent in Q3 FY24-25.
During the nine months ending December 2025, IREDA sanctioned ₹40,100 crore in loans, up 29 per cent year-on-year, with disbursements rising 44 per cent to ₹24,903 crore. The company raised ₹32,397 crore in borrowings during the quarter, including a JPY 26 billion facility from SBI Tokyo.
Market sentiment remained bullish with 62.70 per cent of traded volume on the sell side against 37.30 per cent on the buy side. The stock has declined 31.06 per cent over the past year but gained 1.84 per cent in the last month. IREDA’s market capitalization stood at ₹39,565.21 crore, with the government holding a 71.76 per cent stake.