Indian Renewable Energy Development Agency Ltd Share Price – NSE /  BSE

Finance, Small Cap

Indian Renewable Energy Development Agency (IREDA) today received an upgrade in its long term issuer credit rating from S&P Global Ratings, moving to 'BBB' from 'BBB-', with Stable Outlook. The short-term rating has also been revised to 'A-2' from 'A-3'.

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Indian Renewable Energy Development Agency announced the appointment of Rahul Kamal as General Manager (Projects) with effect from 09 October 2025.

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Net profit of Indian Renewable Energy Development Agency rose 41.67% to Rs 549.33 crore in the quarter ended September 2025 as against Rs 387.75 crore during the previous quarter ended September 2024. Sales rose 26.55% to Rs 2050.20 crore in the quarter ended September 2025 as against Rs 1620.02 crore during the previous quarter ended September 2024.

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Profit before tax (PBT) rallied 51.41% to Rs 696.39 crore during the quarter ended 30 September 2025.

Operating profit stood at Rs 776 crore in Q2 FY26, up 54% as compared with Rs 503 crore in Q2 FY25.

The cost of borrowing declined to 7.24% in Q2 FY26, compared to 7.80% in the corresponding quarter of the previous fiscal.

Net interest margin increased 3.72% during the quarter as compared with 7.80% recorded in corresponding quarter last year.

Yield on loan assets (Gross) stood at 9.87% as on 30 September 2025 as compared with 9.92% as on 30 September 2024.

Provision coverage ratio (Stage III) stood at 51.48% as on 30 September 2025 as compared with 52.98% as on 30 September 2024.

On a half-year basis, the company?s net profit added 3% to Rs 796 crore, while revenue rose 28% to Rs 4,004 crore in H1 FY26 over H1 FY25.

IREDA is a 'Navratna' Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE). IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation.

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