The state-owned Indian Renewable Energy Development Agency (IREDA), which functions as a non-banking financial company (NBFC), has posted its earnings for the September quarter, showing a rise in its standalone net profit, owing to higher income.
The firm, which functions under the Ministry of New & Renewable Energy (MNRE), stated on Tuesday that its standalone Q2 net profit was ₹549 crore, showing a 41 per cent year-on-year increase.
It had clocked a net profit of ₹388 crore in the July-September period of FY2024-25, IREDA said in a statement.
During the second quarter, the company’s revenues from operations climbed by 26 per cent to ₹2,057 crore from ₹1,630 crore in the three-month period a year ago.
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The loan book grew 31 per cent to ₹84,477 crore against ₹64,564 crore in Q2 FY25, while loan sanctions rose by 145 per cent to ₹21,408 crore compared to ₹8,724 crore in the year-ago period.
Disbursements were 81 per cent higher at ₹8,062 crore from ₹4,462 crore in the quarter ended September 30, 2025.
As of September, the company’s net worth was ₹12,920 crore, up 38 per cent over ₹9,336 crore a year ago.
“IREDA’s consistent growth across quarters underscores our strategic focus and execution excellence. Expansion in loan book and strong financials...highlight our role as a key enabler in India’s clean energy ecosystem,” said Pradip Kumar Das, its Chairman and Managing Director.
The IREDA focuses on financing renewable energy projects across India.
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