IREDA share price falls nearly 5% as Q1 profit down 36% to ₹247 crore, asset quality declines

IREDA share price: The company posted a 35.65% decline in its consolidated net profit to ₹246.88 crore in the latest June quarter compared to the same period of the previous fiscal year, mainly due to higher expenses. IREDA share price: Shares of state-run Indian Renewable Energy Development Agency declined on Friday, July 11, after the company released its results for the first quarter of the financial year 2025-26. The stock fell 4.92% to ₹161.30 apiece on the National Stock Exchange (NSE) at 12:08 pm. IREDA Q1 results IREDA posted a 35.65% decline in its consolidated net profit to ₹246.88 crore in the latest June quarter compared to the same period of the previous fiscal year, mainly due to higher expenses. The firm had posted a post-tax profit of ₹383.7 crore in the April-June quarter, according to an exchange filing on the BSE and the NSE. The consolidated revenue from operations advanced 28.95% to ₹1,947.6 crore in Q1 FY26 against ₹1,510.27 crore a year back. The total expense stood at ₹1,655 crore in the quarter under review, up 59.9% from ₹1,034.96 crore in the June quarter of FY25. Q1 Results: Avenue Supermarts, Aditya Birla Money, Elecon Engineering among 14 firms to announce earnings on July 11; check list The financing cost ascended to ₹1,218 crore as against ₹975 crore, while the impairment on financial instruments was ₹363 crore compared to the gain of ₹30 crore a year ago. In Q1 FY26, IREDA's gross non-performing assets (NPA) deteriorated to 4.13% from 2.45% in Q4 FY25. The net NPA also worsened to 2.05% from 1.35% in the March quarter. IREDA's loan book increased to ₹79,941 crore as of June 2025 from ₹63,207 crore a year ago. The company's loan sanctions grew to ₹11,740 crore against ₹9,136 crore in the corresponding period a year ago, while the loan disbursements rose to ₹6,980 crore from ₹5,325 crore. The company offers financial solutions to renewable energy and energy efficiency projects carried out in India. "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," Pradip Kumar Das, Chairman and Managing Director of IREDA, said.