IREDA's Q1FY26 Quarter Results
- 13h ago
Result Summary
- IREDA reported a 40.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1FY26). On a year-on-year (YoY) basis, it witnessed a growth of 29.7%.
- Its expenses for the quarter were up by 41.7% QoQ and 21.4% YoY.
- The net profit decreased 26.8% QoQ and decreased 35.7% YoY.
- The earnings per share (EPS) of IREDA stood at 0.9 during Q1FY26.
Financial Statments for Q1FY26
| (₹ crores) | Q1FY26 | Q4FY25 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1959.84 | 1391.65 | 1510.70 | 40.8% | 29.7% |
Total Expenses | 1292.39 | 911.97 | 1065.00 | 41.7% | 21.4% |
Profit Before Tax | 304.84 | 479.68 | 475.74 | -36.4% | -35.9% |
Tax | 57.96 | 142.29 | 92.04 | -59.3% | -37.0% |
Profit After Tax | 246.88 | 337.39 | 383.70 | -26.8% | -35.7% |
Earnings Per Share | 0.90 | 1.30 | 1.40 | -30.8% | -35.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
The Indian Renewable Energy Development Agency (IREDA) is a government-owned financial institution in India that primarily engages in the promotion and financing of renewable energy and energy efficiency projects. As a key player in the renewable energy sector, IREDA provides financial assistance to various projects related to wind, solar, biomass, and small hydro energy. The institution is pivotal in supporting India's transition to a sustainable energy future. IREDA has been involved in several major developments, including funding and facilitating advancements in renewable energy infrastructure across the country. However, specific recent major developments concerning IREDA are not provided in the current data set.
Revenue
In the first quarter of the fiscal year 2026 (Q1FY26), IREDA reported a total income of ₹1,959.84 crores. This represents a substantial quarter-over-quarter (QoQ) increase of 40.8% compared to ₹1,391.65 crores in Q4FY25. On a year-over-year (YoY) basis, this indicates a growth of 29.7% from ₹1,510.70 crores in Q1FY25. The increase in total income highlights a significant improvement over both the preceding quarter and the same quarter of the previous fiscal year. It reflects the company's enhanced ability to generate revenue during this reporting period.
Profitability
For Q1FY26, IREDA's profit before tax (PBT) stood at ₹304.84 crores, showing a decline of 36.4% QoQ from ₹479.68 crores in Q4FY25 and a decrease of 35.9% YoY from ₹475.74 crores in Q1FY25. The corresponding profit after tax (PAT) for the quarter was ₹246.88 crores, which is a decline of 26.8% QoQ from ₹337.39 crores and 35.7% YoY from ₹383.70 crores. Tax expenses were reduced by 59.3% QoQ and 37.0% YoY, amounting to ₹57.96 crores in Q1FY26. Despite the increase in total income, the profitability metrics indicate a downward trend in both PBT and PAT, reflecting a decrease in earnings relative to previous periods.
Operating Metrics
The total expenses for IREDA in Q1FY26 amounted to ₹1,292.39 crores, marking an increase of 41.7% QoQ from ₹911.97 crores in Q4FY25 and 21.4% YoY from ₹1,065.00 crores in Q1FY25. This increase in expenses aligns with the growth in total income, yet it also contributes to the decline in profitability. The earnings per share (EPS) for Q1FY26 was ₹0.90, reflecting a decrease of 30.8% QoQ from ₹1.30 and 35.7% YoY from ₹1.40. These operating metrics demonstrate an upward trend in expenses and a downward trend in per-share earnings, highlighting areas where operational costs have impacted financial performance.