/images/ppid_59c68470-image-178028509478356600.webp)
/images/ppid_59c68470-image-178001752660336548.webp)
What is the story about?
Shares of Indian Renewable Energy Development Agency
(IREDA) will be in focus on Monday, June 1, after the state-run renewable energy financier reported its highest-ever annual profit and a sharp expansion in its loan portfolio for FY26.
IREDA reported a record profit after tax of ₹1,873 crore for FY26, while total operating income rose 23% year-on-year to ₹8,337 crore. The company's operating profit increased 33% during the year.
The lender's outstanding loan book crossed the ₹93,000 crore mark, growing 22% from the previous year, supported by loan sanctions of ₹51,883 crore and disbursements of ₹34,946 crore. Net worth strengthened 34% to ₹13,781 crore.
Asset quality remained a mixed picture. While the gross NPA ratio increased to 3.49% from 2.45% a year ago, it improved sequentially from 3.75% in the December quarter. Net NPA declined to 1.29%, compared with 1.35% a year earlier and 1.68% in the preceding quarter.
The company continued to diversify its funding sources during the year, raising ₹31,914 crore through borrowings, securing a JPY 26 billion funding line from SBI Tokyo, and mobilising ₹2,006 crore through a qualified institutional placement (QIP).
IREDA also expanded its presence in emerging clean-energy segments. Exposure to renewable energy manufacturing nearly doubled to ₹8,984 crore, while the Battery Energy Storage Systems (BESS) portfolio reached ₹611 crore.
Solar projects remained the largest contributor to the loan book, accounting for 26% of the portfolio.
The lender now has a presence across 23 states and four Union Territories, with private sector borrowers accounting for 73% of its loan book. It also maintained AAA/Stable ratings from major domestic rating agencies, while 77% of its foreign borrowings remain hedged against currency fluctuations.
During the year, LIC acquired a 2.21% stake in the company, while the government's holding declined to 71.76% as institutional ownership increased. IREDA also declared an interim dividend of ₹0.60 per share.
Chairman and Managing Director Pradip Kumar Das said the record loan book and profitability reflect the institution's growing role in financing India's clean-energy transition.
He added that IREDA is positioning itself to support the country's long-term renewable energy goals, including the target of achieving 500 GW of non-fossil fuel capacity by 2030.
IREDA reported a record profit after tax of ₹1,873 crore for FY26, while total operating income rose 23% year-on-year to ₹8,337 crore. The company's operating profit increased 33% during the year.
The lender's outstanding loan book crossed the ₹93,000 crore mark, growing 22% from the previous year, supported by loan sanctions of ₹51,883 crore and disbursements of ₹34,946 crore. Net worth strengthened 34% to ₹13,781 crore.
Asset quality remained a mixed picture. While the gross NPA ratio increased to 3.49% from 2.45% a year ago, it improved sequentially from 3.75% in the December quarter. Net NPA declined to 1.29%, compared with 1.35% a year earlier and 1.68% in the preceding quarter.
The company continued to diversify its funding sources during the year, raising ₹31,914 crore through borrowings, securing a JPY 26 billion funding line from SBI Tokyo, and mobilising ₹2,006 crore through a qualified institutional placement (QIP).
IREDA also expanded its presence in emerging clean-energy segments. Exposure to renewable energy manufacturing nearly doubled to ₹8,984 crore, while the Battery Energy Storage Systems (BESS) portfolio reached ₹611 crore.
Solar projects remained the largest contributor to the loan book, accounting for 26% of the portfolio.
The lender now has a presence across 23 states and four Union Territories, with private sector borrowers accounting for 73% of its loan book. It also maintained AAA/Stable ratings from major domestic rating agencies, while 77% of its foreign borrowings remain hedged against currency fluctuations.
During the year, LIC acquired a 2.21% stake in the company, while the government's holding declined to 71.76% as institutional ownership increased. IREDA also declared an interim dividend of ₹0.60 per share.
Chairman and Managing Director Pradip Kumar Das said the record loan book and profitability reflect the institution's growing role in financing India's clean-energy transition.
He added that IREDA is positioning itself to support the country's long-term renewable energy goals, including the target of achieving 500 GW of non-fossil fuel capacity by 2030.
/images/ppid_59c68470-image-178000752254399800.webp)
/images/ppid_59c68470-image-178001503241822181.webp)
/images/ppid_a911dc6a-image-17800160244426622.webp)
