Earnings Review
Higher revenue lifts IREDA PAT; higher expenses weigh QoQ
This story was originally published at 21:36 IST on 3 August 2026
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--IREDA Apr-Jun net profit INR 3.38 bln
--IREDA Apr-Jun total income INR 22.50 bln
--IREDA Apr-Jun net profit INR 3.38 bln vs INR 2.47 bln year ago
--IREDA Apr-Jun total income INR 22.50 bln vs INR 19.60 bln year ago
--IREDA gross NPA 3.76% as of Jun 30 vs 4.13% yr ago
--IREDA net NPA 1.22% on Jun 30 vs 2.06% year ago
--IREDA capital adequacy ratio 20.30% Jun 30 vs 19.58% yr ago
By Vaishali Tyagi
NEW DELHI – Indian Renewable Energy Development Agency Ltd. reported a sharp on-year rise in net profit for the June quarter aided by higher revenue from operations. However, on a sequential basis, the company's net profit fell sharply due to a significant rise in total expenditure from the March quarter.
The financier's net profit for the June quarter was INR 3.38 billion, up nearly 37% on year. Sequentially, it was down nearly 32%.
The company detailed its June quarter results after market hours. Monday, shares of the state-owned company closed nearly 3% higher at INR 123 on the National Stock Exchange.
IREDA's revenue from operations grew over 15% on year to INR 22.48 billion in the quarter ended June. This helped the total income to rise by nearly 15% on year to INR 22.50 billion for the June quarter, up over 3% sequentially. An on-year fall in other operating income weighed on total income of the company. It fell to INR 118 million in the June quarter from INR 137 million in the corresponding quarter a year ago.
The state-owned financier's total expenses rose about 11% on year and nearly 18% on quarter to INR 18.37 billion in the reporting quarter. Of this, finance cost was at INR 13.41 billion, up 10% on year and 8% on quarter.
A sequential decline in other expenditure limited the rise in total expenditure. Other expenses fell nearly 11% on quarter, but rose marginally by 2% on year to INR 187 million.
IREDA's gross non-performing assets ratio improved to 3.76% as of Jun. 30, from 4.13% a year ago and the net non-performing assets ratio improved to 1.22% as of Jun. 30 from 2.06% at the end of June in 2025. The capital adequacy ratio was 20.30% as on Jun. 30, compared to 19.58% a year ago.
The company's outstanding loan book was at INR 949.36 billion, up 19% on year and 2% on quarter. The company's net interest margin was 3.75% as on Jun. 30, higher than 3.65% in the March quarter and 3.60% in the year-ago June quarter. End
Edited by Deepshikha Bhardwaj
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