Indian Renewable Energy Development Agency's Q3 FY 2025-26 Quarterly Results

Result Summary

• Indian Renewable Energy Development Agency Ltd reported a 4.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 26.0%.
• Its expenses for the quarter were up by 0.1% QoQ and 11.4% YoY.
• The net profit increased 6.5% QoQ and increased 37.6% YoY.
• The earnings per share (EPS) of Indian Renewable Energy Development Agency Ltd stood at 2.09 during Q3 FY 2025-26.

Financial Statments for Q3 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Indian Renewable Energy Development Agency Ltd (IREDA) is a prominent financial institution in India primarily dedicated to promoting, developing, and financing projects related to renewable energy. As a public sector enterprise under the Ministry of New and Renewable Energy, Government of India, IREDA plays a crucial role in supporting the country's transition towards sustainable energy sources. The agency offers various financial products such as loans and other financial assistance specifically designed to encourage the growth of renewable energy projects, including wind, solar, biomass, and hydroelectric power. Recently, the company has been actively involved in expanding its portfolio to include innovative financing solutions to cater to the evolving needs of the renewable energy sector. There are no detailed descriptions of recent major developments within the provided information.

Revenue

In the third quarter of the fiscal year 2026, Indian Renewable Energy Development Agency Ltd reported a total income of ₹2139.92 crores, marking a 4.0% increase from the previous quarter's total income of ₹2057.85 crores. Comparatively, on a year-over-year basis, the total income grew significantly by 26.0% from ₹1698.98 crores in the third quarter of fiscal year 2025. This positive trajectory in revenue reflects the company's continued growth in its core operations. The increase in total income over both the quarter and the year suggests a strong demand for renewable energy financing solutions, which aligns with global and national trends towards cleaner energy sources.

Profitability

Indian Renewable Energy Development Agency Ltd's profitability metrics indicate a robust performance in the third quarter of fiscal year 2026. The company achieved a profit before tax of ₹717.19 crores, which represents a quarter-over-quarter increase of 3.0% from ₹696.39 crores in the second quarter of fiscal year 2026. On a year-over-year basis, the profit before tax surged by 33.3% from ₹538.20 crores in the third quarter of fiscal year 2025. The profit after tax for Q3FY26 was ₹585.16 crores, showing a 6.5% increase from the preceding quarter's profit after tax of ₹549.33 crores, and a substantial year-over-year increase of 37.6% from ₹425.38 crores in Q3FY25. This growth in profitability is also reflected in the earnings per share, which rose by 6.1% quarter-over-quarter and 32.3% year-over-year, reaching ₹2.09.

Operating Metrics

The operating expenses of Indian Renewable Energy Development Agency Ltd in Q3FY26 amounted to ₹1293.47 crores, showing a marginal increase of 0.1% from the previous quarter's expenses of ₹1291.54 crores. Year-over-year, the total expenses increased by 11.4% from ₹1160.78 crores recorded in Q3FY25. The tax expense for the quarter was ₹132.03 crores, which decreased by 10.2% quarter-over-quarter from ₹147.06 crores. However, on a year-over-year basis, the tax expense increased by 17.0% from ₹112.82 crores in Q3FY25. This fluctuation in tax expenses could be attributed to differences in taxable income and applicable tax rates for the periods in question. These operating metrics provide a detailed view of the company's cost structure and tax obligations.