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Shares of Indian Renewable Energy Development Agency Ltd. (IREDA), will be in focus on Thursday, January 1, after the company disclosed its business update for the October-December period.
In an exchange filing on Wednesday, IREDA highlighted that the loans sanctioned by the company during the quarter grew by 29% on a year-on-year basis to ₹40,100 crore, compared to ₹31,087 crore during the same quarter last year.
Disbursement of loans increased to ₹24,903 crore, from ₹17,236 crore last year, implying a growth of 44% from the corresponding period.
IREDA's loan book outstanding at the end of the year stood at ₹87,975 crore, which is a 28% advance from the ₹68,960 crore that it stood at during the third quarter last year.
The company does not disclose details about its asset quality in the business update.
CNBC-TV18 has reported earlier that IREDA is in the process of raising ₹3,000 crore through an institutional share sale, having raised ₹2,000 crore through that QIP route back in June 2025. IREDA's board had approved raising ₹5,000 crore through various methods last year.
Shareholding for the quarter that ended in December is yet to be disclosed. At the end of the September quarter, the government had a 71.76% stake in the company.
Shares of IREDA ended 2.1% higher on Wednesday at ₹139.9. The stock is down from its previous QIP price of ₹165 apiece. The stock ended among the worst performing one on the Nifty Midcap index in 2025, and is down over 55% from its all-time high level of ₹310.
In an exchange filing on Wednesday, IREDA highlighted that the loans sanctioned by the company during the quarter grew by 29% on a year-on-year basis to ₹40,100 crore, compared to ₹31,087 crore during the same quarter last year.
Disbursement of loans increased to ₹24,903 crore, from ₹17,236 crore last year, implying a growth of 44% from the corresponding period.
IREDA's loan book outstanding at the end of the year stood at ₹87,975 crore, which is a 28% advance from the ₹68,960 crore that it stood at during the third quarter last year.
The company does not disclose details about its asset quality in the business update.
CNBC-TV18 has reported earlier that IREDA is in the process of raising ₹3,000 crore through an institutional share sale, having raised ₹2,000 crore through that QIP route back in June 2025. IREDA's board had approved raising ₹5,000 crore through various methods last year.
Shareholding for the quarter that ended in December is yet to be disclosed. At the end of the September quarter, the government had a 71.76% stake in the company.
Shares of IREDA ended 2.1% higher on Wednesday at ₹139.9. The stock is down from its previous QIP price of ₹165 apiece. The stock ended among the worst performing one on the Nifty Midcap index in 2025, and is down over 55% from its all-time high level of ₹310.
