IREDA shares rise 3% after Q2 update shows disbursements rising 54%, loan book near ₹85,000 crore

Shares of Indian Renewable Energy Development Agency Ltd. (IREDA) gained 3% 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 were trading 2.9% higher at ₹153.03 apiece around 9.20 am on Wednesday.

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