Ireda Profit Growth

State-owned Ireda reported a marginal rise in standalone net profit to Rs 554 crore for September quarter.

Revenue and Loan Growth

Revenue from operations rose 14 per cent to Rs 2,345 crore, loan disbursement increased 31 per cent to Rs 10,579 crore.

Loan Book Expansion

Loan book grew 15 per cent to Rs 97,411 crore from Rs 84,477 crore in Q2 FY26.

Net Worth Increase

Net worth grew 11 per cent to Rs 14,337 crore during the quarter compared to Rs 12,920 crore a year earlier.

Chairman Statement

Chairman Bijay Kumar Mohanty noted 31 per cent loan disbursement rise and 15 per cent loan book growth reflecting renewable energy demand.

“Our Q2 FY27 performance reflects the continued strength of Ireda's business fundamentals and focus on quality growth. 31 per cent rise in loan disbursements, along with 15 per cent growth in the loan book, underscores the sustained demand for renewable energy financing across the country.”

Asset Quality Improvement

Net NPAs declined to 1.08 per cent from 1.97 per cent, showing improved risk management.

“Equally significant is the sharp improvement in our asset quality, with Net NPAs declining to 1.08 per cent from 1.97 per cent, reflecting the strength of our risk management framework and monitoring”