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3d ago

Ireda Q1 Profit Falls 36% on Surge in Loan Book and Weaker Asset Quality

Despite robust loan growth supported by a Rs 2,005 crore equity raise, profit was squeezed by rising financing costs alongside an approved insolvency petition over a Rs 470 crore exposure.

IREDA Q1FY26 Earnings | Profit Down 35.7%, Revenue Up 29% At ₹1,947 Cr
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Overview

  • Net profit dropped 36% year on year to Rs 247 crore in Q1 FY26.
  • Revenue climbed to Rs 1,947 crore, marking a 29% increase from the year-ago period.
  • Loan sanctions surged to Rs 11,740 crore and disbursements rose to Rs 6,981 crore, lifting the outstanding loan book by 27% to approximately Rs 79,960 crore.
  • Gross non-performing assets more than doubled to 4.13% and net NPA rose to 2.06%, signaling growing credit strains.
  • An equity placement in June secured Rs 2,005 crore from institutional investors including LIC, while NCLT approved insolvency proceedings against Gensol Engineering for a Rs 470 crore exposure.