IREDA Reports Strong Q3 FY26 Performance with 15% PAT Growth and 28% Revenue Surge

IREDA delivered strong financial performance for the third quarter ended December 31, 2025, showcasing robust growth across key metrics. The renewable energy financing company reported significant increases in both profitability and revenue, driven by expanding lending operations in the clean energy sector.

Q3 FY26 Financial Highlights

The company's quarterly performance demonstrated strong momentum with consolidated net profit and revenue showing substantial year-on-year growth.

Metric	Q3 FY26	Q3 FY25	YoY Growth
Consolidated Net Profit	₹1,381.36 crore	-	+15.4%
Revenue from Operations	₹6,041.82 crore	₹4,714.25 crore	+28.2%

Nine-Month Period Performance

For the nine-month period ended December 31, 2025, IREDA maintained consistent growth trajectory across all major financial parameters.

Parameter	9M FY26	9M FY25	YoY Growth
Revenue from Operations	₹6,135.00 crore	₹4,838.00 crore	+27%
Profit Before Tax	₹1,718.00 crore	₹1,474.00 crore	+17%
Profit After Tax	₹1,381.00 crore	₹1,197.00 crore	+15%

Lending Business Growth

IREDA's core lending operations showed exceptional performance during the nine-month period, reflecting the company's expanding role in renewable energy financing.

Lending Metrics	9M FY26	9M FY25	YoY Growth
Loan Sanctions	₹40,100.00 crore	₹31,087.00 crore	+29%
Loan Disbursements	₹24,903.00 crore	₹17,236.00 crore	+44%

Borrowing Profile and Capital Structure

As of December 31, 2025, IREDA's total borrowings stood at ₹73,172.00 crore, with a well-balanced mix of domestic and international funding sources.

Borrowing Source	Amount	Percentage
Domestic Lenders	₹63,393.00 crore	87%
Foreign Borrowings	₹9,779.00 crore	13%
Q3 FY26 New Borrowings	₹32,397.00 crore	-

Sector-wise Loan Portfolio Distribution

The company maintains a diversified loan book across various renewable energy segments, ensuring balanced exposure across the clean energy ecosystem:

Solar Thermal/SPV: 25% (largest segment)
State Utilities (Others): 20%
Wind Energy: 12%
Hydro Power: 9%
Ethanol Projects: 8%
RE-related Manufacturing: 7%
GENCO-related State Utility Loans: 5%
Hybrid Wind & Solar Projects: 4%

The strong financial performance reflects IREDA's strategic positioning in India's renewable energy financing landscape, with robust growth in both lending operations and profitability metrics demonstrating the company's operational efficiency and market expansion capabilities.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.03%	-5.88%	+2.65%	-16.81%	-36.13%	-88.96%

IREDA has delivered impressive financial results for Q3, showcasing strong operational performance across key metrics. The renewable energy financing company reported significant growth in profitability and revenue while maintaining improved asset quality parameters.

Financial Performance Highlights

The company's financial performance for Q3 demonstrated robust growth momentum across core business metrics:

Metric	Q3 Current Year	Q3 Previous Year	Growth (YoY)
Net Profit	₹5.80 billion	₹4.25 billion	+36.47%
Revenue	₹21.30 billion	₹16.98 billion	+25.44%

The substantial 36.47% year-on-year increase in net profit reflects the company's strong operational efficiency and business expansion in the renewable energy financing sector. Revenue growth of 25.44% indicates robust demand for renewable energy financing solutions and successful business development initiatives.

Asset Quality Improvement

IREDA demonstrated notable improvement in asset quality metrics during Q3, with both key non-performing asset ratios showing sequential decline:

Asset Quality Metric	Q3 Current	Previous Quarter	Change (QoQ)
Gross NPA Ratio	3.75%	3.97%	-0.22%
Net NPA Ratio	1.68%	1.97%	-0.29%

The Gross Non-Performing Assets (GNPA) ratio improved to 3.75% from 3.97% in the previous quarter, representing a 22 basis points improvement. Similarly, the Net Non-Performing Assets (NNPA) ratio declined to 1.68% from 1.97%, showing a 29 basis points improvement quarter-on-quarter.

Business Performance Analysis

The strong financial results reflect IREDA's continued focus on expanding its renewable energy financing portfolio while maintaining disciplined risk management practices. The combination of robust revenue growth and improved asset quality metrics indicates effective business strategy execution and sound credit management processes.

The sequential improvement in both GNPA and NNPA ratios demonstrates the company's commitment to maintaining healthy asset quality standards while pursuing growth opportunities in the renewable energy sector. This balanced approach supports sustainable business expansion and long-term financial stability.