IREDA Reports 49% Jump Inn Operating Profit And 30% Rise In Income In Q1 FY25 Results

The Indian Renewable Energy Development Agency Ltd. (IREDA) has announced its audited standalone and consolidated financial results for the first quarter of FY 2025–26, showcasing a strong start to the fiscal year. The company reported a 49% year-on-year growth in operating profit, which rose to ₹677 crore from ₹454 crore in the same period last year. Additionally, total income from operations increased by 30%, reaching ₹1,960 crore compared to ₹1,511 crore in Q1 of FY 2024–25. These results reflect IREDA’s continued momentum in supporting India’s renewable energy sector.

Demonstrating exceptional efficiency and transparency, IREDA released its audited results within just 10 days—setting a new industry benchmark for timely financial disclosures. In a meeting held today, the Board of Directors reviewed and approved the quarterly results, commending the company’s robust financial performance and operational progress. The company also reported a 36% rise in net worth, reaching ₹12,042 crore, while the loan book expanded by 26% to ₹79,941 crore. Loan sanctions grew to ₹11,740 crore, marking a 29% increase from the previous year, and disbursements rose by 31% to ₹6,980 crore.

Shri Pradip Kumar Das, Chairman & Managing Director, IREDA, said in a statement, “Our expanding loan book and net worth reflect our strategic focus and robust operations. IREDA supports India’s renewable energy journey with a growing portfolio and strong performance, committed to a sustainable future through innovation and responsible finance.”

Shri Pradip Kumar Das, Chairman and Managing Director of IREDA, praised the commitment and efforts of the entire IREDA team. He also expressed gratitude to the Hon’ble Union Minister and Minister of State for New & Renewable Energy, the Secretary of MNRE, senior officials of the ministry, and the Board of Directors for their consistent support. IREDA’s strong performance in the first quarter reinforces its leadership in clean energy financing and its vital role in advancing India’s renewable energy goals.