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State-owned Indian Renewable Energy Development Agency Ltd (IREDA) on Friday (February 6) announced that its board approved raising funds through the issuance of equity shares via a qualified institutions placement (QIP) in one or more tranches for an aggregate amount of up to ₹2,994 crore.
The issuance will be structured to ensure that the shareholding of the President of India, acting through the Ministry of New and Renewable Energy, does not dilute more than 3.76% of the post-issue paid-up equity share capital of the company.
Also Read: IREDA looks to raise up to ₹3,000 crore via QIP: Exclusive
The board approval is subject to shareholder approval and other applicable government, regulatory, and statutory permissions. The detailed terms of the equity issue, including the price and premium, will comply with applicable laws.
Third Quarter Results
IREDA had reported a 37.5% year-on-year increase in net profit for the quarter ended December 31, 2025 (Q3 FY26), rising to ₹584.9 crore from ₹425.4 crore in the same period last year. The company's revenue from operations surged 38% to ₹2,140 crore, from ₹1,699 crore in the same period a year ago. Net interest income (NII) grew 34.8% to ₹897.5 crore, compared with ₹665.8 crore in Q3 FY25.
The company's CMD, Pradip Kumar Das, said, "IREDA's strong financial performance this quarter reflects our commitment to accelerating India's renewable energy transition. The growth in loan disbursements, net worth and profitability underscores the trust placed by our stakeholders." The company's loan book rose 28 per cent in Q3 to ₹87,975 crore from Rs 68,960 crore in the year-ago quarter.
Also Read: IREDA Q2 Results: Stock surges after 41% profit growth, asset quality improves
While disbursements jumped 32% to ₹9,860 crore, from ₹7,449 crore in October-December FY25. The net worth increased to ₹13,537 crore from ₹9,842 crore, a 38% rise.
Shares of India Renewable Energy Development Agency (IREDA) ended at ₹128.30, down by ₹1.60, or 1.23%, on the BSE.
The issuance will be structured to ensure that the shareholding of the President of India, acting through the Ministry of New and Renewable Energy, does not dilute more than 3.76% of the post-issue paid-up equity share capital of the company.
Also Read: IREDA looks to raise up to ₹3,000 crore via QIP: Exclusive
The board approval is subject to shareholder approval and other applicable government, regulatory, and statutory permissions. The detailed terms of the equity issue, including the price and premium, will comply with applicable laws.
Third Quarter Results
IREDA had reported a 37.5% year-on-year increase in net profit for the quarter ended December 31, 2025 (Q3 FY26), rising to ₹584.9 crore from ₹425.4 crore in the same period last year. The company's revenue from operations surged 38% to ₹2,140 crore, from ₹1,699 crore in the same period a year ago. Net interest income (NII) grew 34.8% to ₹897.5 crore, compared with ₹665.8 crore in Q3 FY25.
The company's CMD, Pradip Kumar Das, said, "IREDA's strong financial performance this quarter reflects our commitment to accelerating India's renewable energy transition. The growth in loan disbursements, net worth and profitability underscores the trust placed by our stakeholders." The company's loan book rose 28 per cent in Q3 to ₹87,975 crore from Rs 68,960 crore in the year-ago quarter.
Also Read: IREDA Q2 Results: Stock surges after 41% profit growth, asset quality improves
While disbursements jumped 32% to ₹9,860 crore, from ₹7,449 crore in October-December FY25. The net worth increased to ₹13,537 crore from ₹9,842 crore, a 38% rise.
Shares of India Renewable Energy Development Agency (IREDA) ended at ₹128.30, down by ₹1.60, or 1.23%, on the BSE.
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