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Indian Renewable Energy Development Agency Ltd.'s share price surged 4.16 per cent to hit an intraday high of Rs 142.30 apiece on Monday after the company
reported its third-quarter results post-market hours on Friday. The company reported a consolidated net profit of Rs 1,381.36 crore, marking a 15 per cent spike year-on-year.
IREDA Stock Movement
The stock has outperformed the benchmark Nifty 200 in the near term, with the stock declining 2.60 per cent over the past week and gaining 3.40 per cent in one month, compared with the Nifty 200’s decline of 2.69 per cent in a week and a decline of 1.52 per cent in a month.
Over a longer horizon, the company has delivered stable returns, rising 1.04 per cent year-to-date, but it has declined 30 per cent in a one-year period compared to Nifty 200's 8.73 per cent gain in the same period.
IREDA carries a total market capitalisation of nearly Rs 39,497 crore, with a free‑float market cap of nearly Rs 11,151 crore, while its one‑year price range spans from a low of Rs 122 to a high of Rs 150.
The stock's Relative Strength Index was 49. Notably, an RSI above 70 indicates that the stock is overbought, and below 30 indicates the stock is oversold. Meanwhile, 30 to 70 indicates a neutral zone, with 50 often indicating no strong trend.
IREDA Q3 Result
State-owned IREDA's revenue from operations climbed 28.2 per cent year-on-year to Rs 6,041.82 crore in the third quarter of financial year 2026, compared to Rs 4,714.25 crore in the same period last year.
For the nine months ended December 31, 2025, IREDA posted a 27 per cent year-on-year increase in revenue from operations, rising to Rs 6,135 crore from Rs 4,838 crore in the same period last year.
During this period, profit before tax climbed 17 per cent to Rs 1,718 crore, compared with Rs 1,474 crore a year earlier. Profit after tax also recorded healthy growth, increasing 15 per cent year-on-year to Rs 1,381 crore, up from Rs 1,197 crore in the corresponding nine‑month period of the previous fiscal.
IREDA recorded a 37 per cent year-on-year rise in standalone net profit to Rs 585 crore in the December quarter, driven by higher revenues.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
