According to the latest business update filed with exchanges, IREDA delivered exceptional performance in its lending operations during the October-December quarter. Disbursement of loans increased to ₹24,903 crore, from ₹17,236 crore last year, marking an impressive growth of 44% from the corresponding period. The company's loans sanctioned during the quarter grew by 29% on a year-on-year basis to ₹40,100 crore, compared to ₹31,087 crore during the same quarter last year. This surge in sanctioned amounts indicates a growing pipeline of renewable energy projects seeking financing, while the strong disbursement performance is crucial for actual project implementation and revenue generation.
As reported in the exchange filing, IREDA's loan book outstanding at the end of the December quarter stood at ₹87,975 crore, which is a 28% advance from the ₹68,960 crore that it stood at during the third quarter last year. The expanding loan book signifies IREDA's increasing market share and its capacity to support a larger volume of renewable energy projects across the country. The company did not disclose details about asset quality for the Q3 period in its business update.
IREDA shares jumped nearly 2% in intraday trade on Thursday, January 1, reaching a day high of ₹142.30 following the announcement of strong Q3 business metrics. According to reports from Mint, the PSU stock gained as much as 1.7% in the early morning session but later gave up these gains and touched an intraday low of ₹138.80 against the last closing price of ₹139.90 on the BSE. The stock has faced pressure lately, declining over 18% in just six months and 37% in one year, though it has delivered multibagger returns of 122% since its listing in December 2023. The stock touched a 52-week high of ₹234.35 on January 3, 2025, and a 52-week low of ₹129.10 on December 9, 2025.
Building on the strong Q3 operational metrics, IREDA had earlier reported robust financial performance for the September quarter (Q2 FY26). According to reports, the company posted a consolidated net profit of ₹549.33 crore, up 41.5% year-on-year from ₹388 crore in the same quarter last year. Revenue from operations rose 26.2% year-on-year to ₹2,057 crore, compared with ₹1,629.55 crore in Q2 FY25. On a sequential basis, net profit more than doubled, rising 122% from ₹247 crore reported in the June quarter, while revenue increased 5% sequentially from ₹1,960 crore. Asset quality also improved sequentially in Q2, with gross non-performing assets easing to 3.97% from 4.13% in the June quarter.
In line with its growth strategy, IREDA is in the process of raising ₹3,000 crore through an institutional share sale, having raised ₹2,000 crore through the QIP route back in June 2025. The company's board had approved raising ₹5,000 crore through various methods last year, signaling a proactive approach to bolstering its capital base to meet the escalating demand for renewable energy financing. Shareholding for the quarter that ended in December is yet to be disclosed, while at the end of the September quarter, the government had a 71.76% stake in the company. As India's leading green finance company, IREDA provides loans and financial support for renewable energy projects including solar, biomass, hydro, wind, ethanol production and energy efficiency projects.
