IREDA shares are expected to be in focus following the company's strong Q3 business update and robust Q2 financial performance. The renewable energy financing company has demonstrated significant growth across key lending metrics, showcasing consistent operational excellence despite challenging market conditions for its stock.

Strong Q3 Business Performance

The company's Q3 performance reflects substantial growth momentum across all major operational parameters. IREDA achieved remarkable progress with loan disbursements surging by 44.00% year-on-year, indicating strong execution capabilities and increased market demand for renewable energy financing.

Q2 FY26 Financial Results Show Strong Profitability

For the September quarter, IREDA reported impressive financial performance with consolidated net profit reaching ₹549.33 crores, marking a 41.50% year-on-year increase from ₹388.00 crores in the corresponding quarter last year. Revenue from operations rose 26.20% year-on-year to ₹2,057.00 crores, compared with ₹1,629.55 crores in Q2 FY25.

Asset Quality Improvements

Asset quality showed improvement on a quarter-on-quarter basis in Q2. Gross non-performing assets declined to 3.97% from 4.13% in the June quarter, while net non-performing assets improved to 1.97% from 2.06% in the preceding quarter, demonstrating enhanced portfolio management.

Stock Performance and Market Position

Despite strong operational and financial metrics, IREDA shares have faced market headwinds, declining 37.00% over the past year. The stock remains significantly below its previous levels, having dropped over 55.00% from its all-time high of ₹310.00, positioning it among the underperforming stocks in the midcap segment.

Fundraising Initiatives and Capital Plans

IREDA is actively pursuing capital raising initiatives, currently in the process of raising ₹3,000.00 crores through an institutional share sale. The company had previously raised ₹2,000.00 crores through the QIP route, with the board having approved raising ₹5,000.00 crores through various methods. The government maintained a 71.76% stake in the company at the end of the September quarter.

The strong operational performance and improved financial metrics position IREDA favorably in the renewable energy financing landscape, with consistent growth across major business parameters despite market challenges affecting stock performance.

IREDA has announced key senior management appointments as part of its organizational restructuring, with two experienced finance professionals joining the company's leadership team on December 30, 2025.

New Senior Management Appointments

The company has made strategic appointments to strengthen its finance and audit functions:

Additional Responsibilities for Internal Audit

Following a Board of Directors meeting held on December 30, 2025, and based on the Audit Committee's recommendation, Jagdeep Singh has been appointed as Head of Internal Audit (HIA) and Internal Auditor (IA) of the company. This appointment carries a fixed tenure from January 1, 2026 to December 31, 2028, or until further orders, whichever is earlier.

Leadership Transition

The appointments come as A. Chandrashekar, who previously served as General Manager (F&A) and Head of Internal Audit, reached superannuation on December 31, 2025. This transition ensures continuity in the company's finance and audit operations.

Professional Profiles

Both new appointees bring substantial experience to their roles:

Jagdeep Singh holds a Bachelor's degree in Commerce (Honours) from Delhi University and is a Member of the Institute of Cost and Management Accountants of India. He brings over 27 years of professional experience across private and public sector organizations.

Tusarkant Parida holds a Bachelor's degree in Commerce (Honours) from Utkal University and is a Member of the Institute of Chartered Accountants of India. He contributes over 24 years of professional experience to his new role.

Regulatory Compliance

These appointments have been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements as mandated by the SEBI Master Circular dated November 11, 2024, ensuring transparency in senior management changes.