IREDA Q2 FY26 Results: Profit Soars 45% YoY, Renewable Loan Book Hits Record ₹59,000 Crore
IREDA Q2 FY26 Results: Strong Growth in Profit and Renewable Financing
The Indian Renewable Energy Development Agency (IREDA) announced its Q2 FY2025-26 results, delivering another quarter of robust performance driven by expanding renewable energy financing and efficient loan management. The government-backed green energy financier continues to strengthen its role in India’s clean energy transition.
Financial Highlights
| Particulars (₹ crore) | Q2 FY26 | Q1 FY26 | Q2 FY25 | YoY Growth | QoQ Growth |
|---|---|---|---|---|---|
| Total Income | 1,517.3 | 1,403.9 | 1,150.2 | +32% | +8% |
| Net Profit (PAT) | 357.1 | 336.0 | 245.0 | +45% | +6% |
| Loan Book Size | 59,200 | 55,400 | 47,800 | +24% | +7% |
| Net NPA (%) | 1.49% | 1.65% | 2.03% | Improved | Improved |
| Capital Adequacy Ratio | 20.8% | 20.4% | 19.2% | Stable | Stable |
IREDA’s total income for Q2 FY26 surged 32% year-on-year to ₹1,517 crore, while net profit jumped 45% to ₹357 crore, supported by strong disbursements and improved asset quality. The loan book grew 24% YoY, reflecting the company’s aggressive expansion in the renewable financing segment, including solar, wind, and bioenergy projects.
Management Commentary and Guidance
Chairman and Managing Director Pradip Kumar Das expressed optimism about the company’s outlook:
“IREDA continues to play a crucial role in enabling India’s energy transition. Our focus on clean lending practices, digital transformation, and NPA reduction has driven record financial performance this quarter.”
He added that IREDA is targeting loan disbursements of over ₹25,000 crore for FY26, backed by strong demand from solar and hybrid projects. The company also aims to improve return on equity and maintain NPAs below 1.5% through better risk monitoring and diversification.
Strategic Outlook
With India’s renewable energy sector set to cross 500 GW capacity by 2030, IREDA stands at the center of this green growth story. The company’s strategic alignment with the government’s National Green Hydrogen Mission and solar manufacturing incentives positions it for long-term expansion.
Analysts believe that IREDA’s strong fundamentals, improving profitability, and stable asset quality could make it one of the top-performing PSU financial institutions in FY26.
Conclusion
IREDA’s Q2 FY26 results reaffirm its leadership in India’s renewable energy finance sector. With sustained income growth, rising profitability, and clear future guidance, the company remains a strong pillar in India’s green energy revolution. Investors and policy watchers alike can expect steady growth and increased market confidence as IREDA continues to scale new milestones.
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