IREDA Q4 profit slips 1.7% to Rs 492.63 crore
State-owned IREDA (Indian Renewable Energy Development Agency) has posted a marginal 1.77 per cent decline in net profit to Rs 492.63 crore during the March quarter on account of higher expenses. The company had reported a net profit of Rs 501.55 crore in the same quarter a year ago, the company said in an exchange filing on Friday.
During January-March, the company’s total income rose to Rs 2,181.28 crore from Rs crore in the fourth quarter of the preceding 2024-25 financial year.
Expenses increased to Rs 1,562.14 crore from Rs 1,285.91 crore in the last quarter of FY25.
For the entire FY26, IREDA posted a net profit of Rs 1,874 crore, up from Rs 1,698 crore in 2024-25. Annual income also rose to Rs 8,338.89 crore from Rs 6,755.69 crore in FY25. In a separate statement, the company said it has “posted the highest ever annual profit.”
The Board of Directors recommended a final dividend of Rs 0.75 per equity share for the financial year 2025-26, subject to approval of shareholders in the ensuing Annual General Meeting.
The total dividend for the financial year is Rs 1.35/- per equity share, including interim dividend of Rs 0.60 per share.
In FY26, loan sanctions increased 9 per cent year on year to Rs 51,883 crore from Rs 47,453 crore in FY25. Loan Disbursements were at Rs 34,946 crore vs Rs 30,169 crore (posting a rise of 16%).
Loan Book increased 22 per cent to Rs 93,069 crore from 76,282 crore in FY25.
IREDA CMD Pradip Kumar Das said, “FY 2025-26 adds another significant chapter to IREDA’s continuing growth story. Surpassing Rs 93,000 crore in loan book while delivering our highest-ever annual profit reflects consistent strategy, institutional resilience and an unwavering belief in India’s renewable energy potential. We remain focused on scaling responsibly as India’s green energy transition accelerates.”
Under the Ministry of New & Renewable Energy (MNRE), the Indian Renewable Energy Development Agency (IREDA) functions as a state-owned non-banking financial company (NBFC) focused on financing renewable energy projects across India.