IREDA Reports Record FY26 Profit of ₹1,873 Crore, Loan Book Nears ₹93,000 Crore as Renewable Energy Financing Accelerates Across India

Indian Renewable Energy Development Agency Limited (IREDA) reported a standalone net profit of ₹1,873.34 crore for the financial year ended March 31, 2026, registering a growth of over 10% compared to ₹1,698.60 crore recorded in FY25. The company’s total income increased to ₹8,337.48 crore during the year, up from ₹6,754.78 crore in the previous fiscal year.

For the fourth quarter of FY26, IREDA posted a profit after tax of ₹492.75 crore, while total income stood at ₹2,180.90 crore. Profit before tax for the quarter was reported at ₹619.26 crore.

The renewable energy financing institution’s loan book continued to expand during the year, with loan assets rising to ₹92,980.18 crore as of March 31, 2026, compared to ₹76,185.51 crore a year earlier. Total assets grew to ₹93,802.22 crore from ₹76,866.80 crore during the same period.

IREDA’s net worth increased to ₹13,781.35 crore as of March 2026, up from ₹10,266.16 crore in the previous year, supported by strong profitability and capital infusion through a Qualified Institutional Placement (QIP). During FY26, the company raised approximately ₹2,005.90 crore through a QIP, resulting in an increase in equity capital and share premium. Following the issuance, the Government of India’s shareholding stood at 71.76%.

The company maintained a Capital Adequacy Ratio (CRAR) of 20.59% at the end of FY26. Gross Non-Performing Assets (GNPA) stood at 3.49%, while Net Non-Performing Assets (NNPA) were reported at 1.29%.

The Board of Directors has recommended a final dividend of ₹0.15 per equity share for FY26, subject to shareholder approval. Including the interim dividend of ₹0.60 per share already paid, the total dividend for the financial year amounts to ₹0.75 per equity share.

During the year, IREDA reported no defaults in servicing debt obligations and maintained a security cover ratio of 3.25 times for its secured non-convertible debt securities. The company stated that it continues to focus on financing renewable energy and related infrastructure projects across India.