Shares of Indian Renewable Energy Development Agency (IREDA) have experienced significant decline over the past two years, falling more than 64% from their all-time high of ₹310 reached on 15 July 2024. According to reports from Mint, the stock closed at ₹111 on the NSE on Thursday, 1 October, with a loss of 0.61%. Year-to-date, the stock has declined 20%, while over the last 12 months, losses have expanded to 28%. The PSU stock hit a 52-week low of ₹107.40 on 16 September this year and a 52-week high of ₹158.70 on 15 October last year. Despite the recent decline, at the current market price of ₹111, IREDA is still up 247% from its issue price of ₹32 when it debuted on Indian bourses on 29 November 2023.
In an exchange filing on Thursday, 1 October, IREDA announced that the government had approved the extension of Dr. Bijay Kumar Mohanty's additional charge as the company's chairman and managing director. As reported by Mint, the Ministry of New and Renewable Energy approved the extension of the additional charge of the post of Chairman and Managing Director (CMD) to Mohanty, Director (Finance), IREDA, for a further period of three months, effective from 1 October 2026, or till the appointment of a regular incumbent, or until further orders, whichever is earliest. The extension was approved by the Appointments Committee of the Cabinet via an order from the Ministry of New and Renewable Energy. Mohanty has been handling the additional charge of IREDA's Chairman and Managing Director since July this year. The company has filed this information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the communication signed by Company Secretary Ekta Madan and submitted to both NSE and BSE.
According to the company's annual report for the financial year 2025-26 (FY26), IREDA's profit after tax (PAT) increased by 10% year-on-year (YoY) to ₹1,873 crore in the year. As reported by Mint, the company also reported its highest-ever sanctions and disbursements of ₹51,883 crore and ₹34,946 crore, respectively, during the year. The company's gross loan portfolio reached ₹93,069 crore. The company said efficient deployment of funds and a favourable asset mix contributed to an increase in its net interest margin (NIM) to 3.65% in FY26 from 3.27% in FY25.
