IREDA Q1 FY26 Net Profit Falls 36% YoY to ₹246.88 Crore, QIP Boosts Net Worth to ₹12,401 Crore
By Shishta Dutta | Published at: Jul 11, 2025 10:53 AM IST
New Delhi, July 11, 2025 – Indian Renewable Energy Development Agency Ltd (NSE: IREDA) reported a consolidated net profit of ₹246.88 crore for the first quarter ended June 30, 2025. This marks a YoY decline from ₹383.70 crore. The results were approved by the Board on July 10, 2025, alongside other key developments , including capital raise and credit provisions.
Key Financial Highlights (Consolidated)
| Particulars | Q1 FY26 | Q4 FY25 | Q1 FY25 | FY25 |
|---|---|---|---|---|
| Total Income | ₹1,959.84 Cr | ₹1,914.73 Cr | ₹1,510.70 Cr | ₹6,754.78 Cr |
| Profit Before Tax | ₹304.84 Cr | ₹629.98 Cr | ₹475.74 Cr | ₹2,103.80 Cr |
| Net Profit | ₹246.88 Cr | ₹501.79 Cr | ₹383.70 Cr | ₹1,698.60 Cr |
| Total Comprehensive Income | ₹266.21 Cr | ₹487.19 Cr | ₹401.87 Cr | ₹1,766.83 Cr |
| EPS (Basic & Diluted) | ₹0.91 | ₹1.87 | ₹1.43 | ₹6.32 |
Note: Q4 and full-year numbers are from FY25; Q1 FY26 numbers are not annualised.
Standalone vs Consolidated Snapshot (Q1 FY26)
| Particulars | Standalone | Consolidated |
|---|---|---|
| Total Income | ₹1,959.53 Cr | ₹1,959.84 Cr |
| Net Profit | ₹246.68 Cr | ₹246.88 Cr |
| Total Comprehensive Income | ₹265.37 Cr | ₹266.21 Cr |
| Net Worth | ₹12,401.86 Cr | ₹12,402.43 Cr |
Balance Sheet & Ratios
| Metric | Q1 FY26 | Q1 FY25 |
|---|---|---|
| Net Worth | ₹12,402.43 Cr | ₹9,110.18 Cr |
| Gross NPA Ratio | 4.13% | 2.19% |
| Net NPA Ratio | 2.06% | 0.95% |
| CRAR (Restated FY25) | 19.58% | 15.26% |
| Debt-to-Equity Ratio | 5.35 | 5.83 |
Capital Raise via QIP
On June 11, 2025, IREDA allotted 12.14 crore equity shares at a premium of ₹155.14 per share, raising ₹2,005.90 crore through Qualified Institutional Placement (QIP).
- Post-QIP, Government of India’s shareholding reduced to 71.76%
- Proceeds will fund lending to renewable energy projects and general corporate purposes
| Capital Impact | Amount (₹ Cr) |
|---|---|
| Total Equity Raised | 2,005.90 |
| Face Value (₹10/share) | 121.46 |
| Share Premium (Net of Fees) | 1,869.57 |
Corporate Developments
- Fraud Disclosure: Fraud detected in accounts of Hetero Renewable Energy Pvt Ltd and Gensol Engineering Ltd, leading to NPA classification and recovery actions, including legal proceedings under IBC and DRT.
- Impairment Provision: Provision coverage for NPAs improved; total impairment loss allowance stands at ₹2,282.04 crore as on June 30, 2025.
- New Subsidiary: IREDA Global Green Energy Finance IFSC Ltd was incorporated in GIFT City and included in consolidated reporting from Q4 FY25.
Management Commentary
Pradip Kumar Das, Chairman & Managing Director, reaffirmed IREDA’s commitment to sustainable finance and transparency:
“Our focus remains on ensuring responsible lending practices and maintaining a robust risk framework. The QIP proceeds will strategically support our mission to fund green energy projects across India.”
IREDA Stock Performance
Indian Renewable Energy Development Agency Ltd (IREDA) shares are trading at ₹162, which is a 4.30% increase as of July 11, 2025, at 9:35 AM IST. IREDA shares have declined 47% over the last year, down 27% year-to-date, and 11% in the previous month.
About IREDA
Indian Renewable Energy Development Agency Ltd (IREDA) is a Government of India enterprise under the Ministry of New and Renewable Energy. Listed on NSE and BSE, it operates as a leading non-banking financial company (NBFC) dedicated to financing renewable energy and energy efficiency projects.
This article is based on the audited financial results and corporate disclosures submitted to stock exchanges on July 10, 2025.
REF: https://nsearchives.nseindia.com/corporate/IREDAEQ_10072025202502_SignedOutcomebm.pdf
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