Indian Renewable Energy Development Agency's Q2 FY 2026-27 Quarterly Results

Result Summary

• Indian Renewable Energy Development Agency Ltd reported a 4.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 14.0%.
• Its expenses for the quarter were up by 2.6% QoQ and 12.6% YoY.
• The net profit increased 63.1% QoQ and increased 0.5% YoY.
• The earnings per share (EPS) of Indian Renewable Energy Development Agency Ltd stood at 1.97 during Q2 FY 2026-27.

Financial Statments for Q2 FY 2026-27

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 government-owned financial institution in India that primarily focuses on financing renewable energy and energy efficiency projects. The agency plays a pivotal role in promoting the development of renewable energy sources by offering financial support to organizations investing in this sector. As a significant entity within the renewable energy industry, IREDA's main services include providing loans and other financial instruments to support projects using solar, wind, biomass, and small hydroelectric power. Recent developments in the renewable energy sector, such as policy reforms and increased governmental emphasis on sustainability, have further underscored IREDA's importance in facilitating India's transition to greener energy solutions.

Revenue

In the second quarter of the fiscal year 2027 (Q2FY27), Indian Renewable Energy Development Agency Ltd reported a total income of ₹2346.88 crores, a noticeable increase from the ₹2250.60 crores recorded in the first quarter of the same fiscal year (Q1FY27). This represents a quarter-over-quarter (QoQ) growth of 4.3%. Compared to the second quarter of the previous fiscal year (Q2FY26), where the total income was ₹2057.85 crores, there is a year-over-year (YoY) growth of 14.0%. This upward trend in revenue highlights the company's expanding operations and its ability to generate increased income over both short and long-term periods.

Profitability

The financial performance of Indian Renewable Energy Development Agency Ltd in terms of profitability shows significant changes over the reported periods. The Profit Before Tax (PBT) for Q2FY27 was ₹704.45 crores, which is a substantial increase from ₹413.75 crores in Q1FY27, indicating a 70.3% QoQ increase. Furthermore, the PBT is slightly higher compared to ₹696.39 crores in Q2FY26, reflecting a YoY rise of 1.2%. The Profit After Tax (PAT) for Q2FY27 was ₹552.14 crores, compared to ₹338.53 crores in Q1FY27 and ₹549.33 crores in Q2FY26. This reflects a significant QoQ growth of 63.1% and a marginal YoY increase of 0.5%. These figures illustrate the company's effective cost management and operational efficiency during the analyzed periods.

Operating Metrics

The operating metrics for Indian Renewable Energy Development Agency Ltd highlight essential financial performance indicators. Total Expenses for Q2FY27 were reported at ₹1454.73 crores, rising from ₹1418.31 crores in Q1FY27, representing a 2.6% QoQ increase. Compared to the same quarter of the previous fiscal year (Q2FY26), where expenses were ₹1291.54 crores, there is a 12.6% YoY increase. The tax expense in Q2FY27 was ₹152.31 crores, a sharp increase from ₹75.22 crores in Q1FY27, marking a 102.5% QoQ rise, and a 3.6% increase from the ₹147.06 crores reported in Q2FY26. Earnings Per Share (EPS) remained constant on a YoY basis at 1.97, although it rose by 62.8% QoQ from 1.21 in Q1FY27. These metrics provide a snapshot of the company's operational dynamics and cost structures over the periods under review.