IREDA shares in focus after Q2 update shows disbursements rising 54%, loan book near ₹85,000 crore

Shares of Indian Renewable Energy Development Agency Ltd. (IREDA) are in focus on Wednesday, October 1, after the company reported its business update for the quarter that ended on September 30.

The company said it has sanctioned loans worth ₹33,148 crore till September 30, 2025, up 86% from the ₹17,860 crore sanctioned in the year-ago period.

Its loan disbursements till September 30 increased by 54% to ₹15,043 crore from ₹9,787 crore in the previous year.

Its loan book outstanding at the end of September 30 stood at ₹84,445 crore, which is an increase of 31% from ₹64,564 crore in the last year.

Last month, on August 25, IREDA said it signed a performance-based MoU with the ministry of new and renewable energy to set up strategic targets for the entire financial year.

As per the MoU, the Centre has set a revenue target of ₹8,200 crore for the financial year 2026. The state-run renewable energy financier had reported a revenue of ₹6,743 crore in the previous year. The new target implies a 22% growth in IREDA's topline.

IREDA shares ended the previous session 0.8% up at ₹150 apiece. The stock has declined 32.4% this year, so far. The stock is down over 50% from its all-time high level of ₹310.

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