Sign in to fuzzto save your conversations, follow your research and come back anytime.
IREDA
SectorFinancial Services
Indian Renewable Energy Development Agency Limited (IREDA) is a Public Limited Government Company established in 1987 as a Non-Banking Financial Institution. It operates under the Ministry of New and Renewable Energy (MNRE) and has 'Navratna' status. IREDA provides financial assistance for renewable energy projects in India, including wind, solar, hydro, biomass, and waste-to-energy. The company offers various financial products such as long-term and short-term loans, take-out financing, bridge loans, and non-fund based assistance. IREDA plays a strategic role in promoting and developing the renewable energy sector in India, implementing government initiatives and policies. In 2023, the Reserve Bank of India granted IREDA the status of an Infrastructure Finance Company.
In the news
IREDA, Godrej raise ₹4,165 cr through bond issuances
IREDA Q4 PAT drops 15.81% QoQ to ₹493 cr, stock falls 24% YoY
IREDA's FY26: Green Finance Growth Meets Prudent Risk Management
IREDA shares drop 4% post Q4 results despite record annual profit
IREDA declares ₹0.60 interim dividend for FY26; record date April 2
IREDA Board Meeting This Week for Potential First Dividend
IREDA board approves ₹75,800 crore enhanced borrowing plans
IREDA Q3 profit jumps 38% YoY to ₹585 cr; loan book grows 28%
IREDA Q3 Results: Strong Growth Expected Amid Technical Recovery
IREDA Shares Soar on Massive Loan Growth! Investors Rejoice as Renewable Energy Giant Reports Stellar Q3 Update
IREDA Shares Rise 2% as Q3 Loan Disbursements Jump 44% to ₹24,903 Cr
The Quarter story
The two most recent quarterly results, compared side-by-side.
IREDA expands its loan portfolio and improves asset quality, though rising interest costs and narrowing spreads weigh on profitability.
Net NPA ratio falls from 2.06% in Q1 FY26 to 1.23% in Q1 FY27, reflecting stronger asset quality.
Interest Expense rises from ₹1,218 Cr in Q1 FY26 to ₹1,341 Cr in Q1 FY27, increasing the funding burden.
Net Interest Margin improves from 3.60% in Q1 FY26 to 3.75% in Q1 FY27, sustaining core profitability.
Interest Spread narrows from 2.63% in Q3 FY26 to 2.34% in Q1 FY27, compressing lending margins.
Loans grow from ₹78,149 Cr in Q1 FY26 to ₹91,666 Cr in Q1 FY27, confirming steady portfolio expansion.
Yield on Loan Assets drops from 9.95% in Q1 FY26 to 9.46% in Q1 FY27, reducing returns on the loan book.
Provision Coverage Ratio rises from 51.10% in Q1 FY26 to 68.22% in Q1 FY27, strengthening risk buffers.
Bank Balance falls from ₹1,642 Cr in Q3 FY26 to ₹565 Cr in Q1 FY27, tightening short-term liquidity.
Operating Profit holds from ₹677 Cr in Q1 FY26 to ₹841 Cr in Q1 FY27, maintaining stable earnings before interest.
Impairment on Financial Instruments jumps from ₹129 Cr in Q3 FY26 to ₹419 Cr in Q1 FY27, signaling higher credit losses.
Company insights, generated from the most recent coverage.
IREDA hitting a 52-week low of ₹107.20 on Oct 8 matters beyond the stock itself — as the sector's key renewable lender, its de-rating signals the market is repricing renewable credit and financing appetite.
Bounce came off the 52-week low of Rs 107.35, a classic mean-reversion bid in a fundamentally sound PSU rather than evidence of a trend reversal.
Board-composition non-compliance drew Rs 14.2 lakh fines from both NSE and BSE; since independent director appointments sit with the President of India via MNRE, resolution is slow and outside management's control.