Shares of Indian Renewable Energy Development Agency (IREDA) jumped 4% to an intraday high of Rs 142.30 on the BSE on Monday, January 12, after the company reported a strong financial performance for the third quarter ended December 31, 2025. The company posted a 15.4% year-on-year (YoY) increase in its consolidated net profit at Rs 1,381.36 crore.
Revenue from operations surged 28.2% YoY to Rs 6,041.82 crore during the quarter, compared to Rs 4,714.25 crore in the same period last year.
For the nine-month period ended December 31, 2025, IREDA reported a 27% YoY growth in revenue from operations to Rs 6,135 crore, up from Rs 4,838 crore in the corresponding period of the previous fiscal.
Profit before tax (PBT) for the same period stood at Rs 1,718 crore, a 17% rise over Rs 1,474 crore last year. Profit after tax (PAT) was up 15% YoY at Rs 1,381 crore versus Rs 1,197 crore in the year-ago nine-month period.
IREDA also saw robust growth in its core lending business. Loan sanctions rose 29% YoY to Rs 40,100 crore for the nine months, compared to Rs 31,087 crore in the same timeframe last year. Loan disbursements saw an even sharper growth, surging 44% YoY to Rs 24,903 crore, from Rs 17,236 crore a year earlier.
As of December 31, 2025, the company’s total borrowings stood at Rs 73,172 crore. Of this, Rs 63,393 crore (87%) was sourced from domestic lenders, while Rs 9,779 crore (13%) was raised through foreign borrowings.
IREDA raised a total of Rs 32,397 crore in borrowings during Q3 FY26 alone, according to its financial disclosures.
A sector-wise analysis of the company’s loan book shows a diversified exposure across the clean energy ecosystem. Solar Thermal / SPV accounted for the largest share at 25%, followed by loan facilities to state utilities (Others) at 20%, wind energy at 12%, hydro power at 9%, ethanol projects at 8%, RE-related manufacturing at 7%, GENCO-related state utility loans at 5%, and hybrid wind & solar projects at 4%.
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