IREDA Share Price

Committee comprising officials from SECI, IREDA and NISE will examine requests for commissioning extensions beyond May 31, 2026, under the domestic solar cell mandate

• Business Standard
• 1 week 5 days ago

Financial Institution Indian Renewable Energy Development Agency announced Q4FY26 & FY26 results Q4FY26 Consolidated Financial Highlights: Revenue from Operations: Stood at Rs 2,175.33 crore in Q4FY26, witnessing a YoY growth of 14.19% compared to Rs 1,905.06 crore in Q4FY25, and a QoQ growth of 2.12% compared to Rs 2,130.19 crore in Q3FY26. Total Income: Reached Rs 2,181.28 crore, representing an increase of 13.87% YoY (from Rs 1,915.64 crore in Q4FY25) and an increase of 1.93% QoQ (from Rs 2,139.92 crore in Q3FY26). Profit Before Tax (PBT): Reported at Rs 619.14 crore, registering a YoY decline of 1.68% compared to Rs 629.73 crore in Q4FY25, and a QoQ decline of 13.67% from Rs 717.20 crore in Q3FY26. Profit for the Period (PAT): Stood at Rs 492.63 crore, reflecting a YoY drop of 1.78% (vs Rs 501.55 crore in Q4FY25) and a QoQ decline of 15.81% (vs Rs 585.16 crore in Q3FY26). FY26 Consolidated Financial Highlights: Revenue from Operations: Grew by 23.24% YoY to Rs 8,310.41 crore in FY26, up from Rs 6,743.32 crore in FY25. Total Income: Increased by 23.44% YoY to Rs 8,338.89 crore, compared to Rs 6,755.69 crore in the previous financial year. Profit Before Tax (PBT): Reached Rs 2,337.58 crore, marking a YoY growth of 11.13% over Rs 2,103.54 crore reported in FY25. Profit for the Year (PAT): Stood at Rs 1,874.00 crore, delivering a 10.34% YoY growth compared to Rs 1,698.34 crore in FY25. Q4FY26 Standalone Financial Highlights: Revenue from Operations: Reached Rs 2,174.95 crore, increasing by 14.22% YoY (vs Rs 1,904.15 crore in Q4FY25) and 2.12% QoQ (vs Rs 2,129.87 crore in Q3FY26). Total Income: Stood at Rs 2,180.90 crore, up by 13.90% YoY (vs Rs 1,914.73 crore in Q4FY25) and 1.93% QoQ (vs Rs 2,139.60 crore in Q3FY26). Profit Before Tax (PBT): Reported at Rs 619.26 crore, down 1.70% YoY (vs Rs 629.98 crore in Q4FY25) and 13.62% QoQ (vs Rs 716.95 crore in Q3FY26). Profit for the Period (PAT): Stood at Rs 492.75 crore, displaying a YoY decline of 1.80% (vs Rs 501.79 crore in Q4FY25) and a QoQ decline of 15.76% (vs Rs 584.91 crore in Q3FY26). FY26 Standalone Financial Highlights: Revenue from Operations: Grew to Rs 8,309.00 crore, a rise of 23.23% from Rs 6,742.41 crore in FY25. Total Income: Amounted to Rs 8,337.48 crore, increasing by 23.43% from Rs 6,754.78 crore in FY25. Profit Before Tax (PBT): Stood at Rs 2,336.92 crore, marking an 11.08% YoY increase over Rs 2,103.80 crore in FY25. Profit for the Year (PAT): Reported at Rs 1,873.34 crore, registering a 10.29% YoY growth from Rs 1,698.60 crore in FY25. Business Highlights: Segment-wise Performance: The Company's primary business is providing finance for Renewable Energy & related projects, with all activities carried out in India. Accordingly, there are no separate reportable segments as per Ind AS 108. Dividend Announcement: The Board of Directors recommended a final dividend of Rs 0.75 per equity share (on the face value of Rs 10/- each) for FY26. The total dividend for the financial year amounts to Rs 1.35 per equity share, which includes the interim dividend of Rs 0.60 per share. Equity Fund Raising (QIP): The company allotted 12,14,66,562 equity shares to Qualified Eligible Buyers pursuant to a QIP at a premium of Rs 155.14 per share, aggregating to a total equity fund raise of Rs 2,005.90 crore. Following this QIP, the Government of India's shareholding stands at 71.76% as of March 31, 2026. Further Fund Raising: The Board of Directors accorded approval to raise additional funds up to Rs 2,994 crore through further QIP tranches, provided the Government of India's shareholding does not dilute more than 3.76% of the post-issue paid-up equity share capital. Subsidiary Incorporation: The company successfully incorporated a subsidiary, 'IREDA Global Green Energy Finance IFSC Limited', at IFSC GIFT City, Gujarat. The registration certificate to undertake activities as a finance company was received on February 18, 2025. Asset Quality & Ratios: Gross Non-Performing Assets (GNPA) Ratio stood at 3.49%, and Net Non-Performing Assets (NNPA) Ratio stood at 1.29% as of March 31, 2026. The company appropriated a difference of Rs 300.46 crore between the impairment allowance under Ind AS 109 and the provisioning required under IRACP norms to its "Impairment Reserve". Regulatory Benefit: The company adopted the revised RBI risk-weight framework applicable for loans to 'High-Quality Infrastructure Projects', which led to a reduction in risk-weighted assets (RWA) by Rs 7,787.77 crore and an increase in the Capital to Risk (Weighted) Assets Ratio (CRAR) by 1.83%. Including this, the CRAR stood at a strong 20.59% as of March 31, 2026. Fraud Reporting: During FY26, 2 cases of fraud amounting to Rs 14.80 crore were reported to the RBI. The company also highlighted that a suspected fraud in one borrower group (Gensol) is under investigation, with the loan account downgraded and adequately provisioned for. Result PDF

• Trendlyne
• 2 weeks 5 days ago

IREDA's shares fell over 4% after reporting a nearly 2% year-on-year drop in Q4 FY26 net profit to Rs 493 crore, despite a 14% revenue increase. The company also announced a final dividend of Rs 0.75 per share and is addressing fines from stock exchanges regarding board composition.

• Economic Times
• 2 weeks 5 days ago