IREDA Share Price Gains 20% In Seven Sessions After Q2 FY27 Loan Disbursements Rise 31% And Net NPAs Improve

Shares of Indian Renewable Energy Development Agency Limited (IREDA) extended their winning streak to seven consecutive sessions on Monday, 09 November 2026. The stock climbed as much as 8.41% to an intraday high of ₹120.70, compared with its previous close of ₹111.33 on the National Stock Exchange (NSE).

The advance has taken the stock's gains over the seven-session period to around 20.43%. IREDA's latest rally follows its September-quarter results and a change in its board representation.

On the NSE, the IREDA share price closed at ₹119.65, up 7.47% from the previous close. The stock opened at ₹111.62 on 09 November 2026.

Across the NSE and the Bombay Stock Exchange (BSE), around 41 million IREDA shares changed hands with the total value of trades estimated at around ₹493 crore. The stock had rebounded 21.31% from its 52-week low of ₹98.78 on 26 October 2026. But it was still trading roughly 22% below its 52-week high of ₹153.48, reached on 12 November 2025.

IREDA Q2 FY2026-27 Results Highlights

On 19 October 2026, IREDA Q2 results reported a 1% year-on-year (YoY) increase in standalone profit after tax (PAT) to ₹554 crore in the second quarter, compared with ₹549 crore a year earlier. Revenue from operations rose 14% to ₹2,345 crore from ₹2,057 crore.

Loan disbursements increased 31% to ₹10,579 crore, against ₹8,062 crore in the corresponding quarter last year. The loan book expanded 15% to ₹97,411 crore from ₹84,477 crore. Net worth also rose 11% to ₹14,337 crore, compared with ₹12,920 crore a year earlier.

Asset quality improved during the period. Net non-performing assets (NPAs) declined to 1.08% from 1.97%, a reduction of around 45%.

IREDA Board Sees Change In Government Nominee Director

Separately, IREDA informed the stock exchanges that Padam Lal Negi, Joint Secretary and Financial Adviser (JS&FA) at the Ministry of New and Renewable Energy (MNRE), ceased to serve as the Government Nominee Director on the company’s board on 06 November 2026. The change took effect on the same date and followed an order issued by the ministry.

The company's then Chairman and Managing Director (MD) said the quarterly performance reflected its business fundamentals and focus on quality growth. He linked the rise in disbursements and loan books to sustained demand for renewable energy financing. He also attributed the improvement in asset quality to the company's risk management framework and monitoring.

Source

NSE

Also Read - Closing Bell, 9 November 2026: Bulls Manage To Prevail As Sensex And Nifty End The Day Slightly Higher