The company’s net profit rose to ₹337.5 crore in the first quarter of FY27 from ₹246.7 crore a year earlier.
Net interest income (NII), a key measure of a lender’s earnings, increased 24.1% to ₹856.8 crore from ₹690.5 crore in the corresponding quarter last year.
Chairman and Managing Director Bijay Kumar Mohanty said the results reflected the company’s strong business fundamentals and continued demand for renewable energy financing.
He said IREDA’s loan book grew 19% during the year, highlighting sustained demand for funding renewable energy projects.
Loan book nears ₹95,000 crore
IREDA’s outstanding loan book rose to ₹94,936 crore as of June 30, 2026, from ₹79,941 crore a year ago.
During the quarter, the company:
- Raised ₹4,991 crore through borrowings.
- Disbursed loans worth ₹6,556 crore.
- Sanctioned new loans worth ₹3,380 crore.
Solar power remained the company’s biggest lending segment, accounting for 26% of the loan book, followed by loans to state utilities (19%), wind energy (11%) and manufacturing (11%).Margins improve; asset quality mixed
IREDA’s annualised net interest margin (NIM) improved to 3.75%, compared with 3.60% a year ago.
The provision coverage ratio strengthened to 68.22%, while the capital adequacy ratio stood at 20.30%.
On asset quality, Gross Non-Performing Assets (GNPA) rose to 3.76% from 3.49% at the end of March.
However, Net NPA improved to 1.23% from 1.29% in the previous quarter.
Mohanty said the decline in net NPAs reflected the strength of the company’s risk management and monitoring framework.
Shares of IREDA closed 2.83% higher at ₹122.98 on the NSE on Monday, ahead of the earnings announcement.
