IREDA's Q2 FY 2025-26 Quarterly Results

Result Summary

• IREDA reported a 5.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 26.2%.
• Its expenses for the quarter were down by 0.1% QoQ and up 13.2% YoY.
• The net profit increased 122.5% QoQ and increased 41.7% YoY.
• The earnings per share (EPS) of IREDA stood at 1.97 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Indian Renewable Energy Development Agency Limited (IREDA) operates primarily in the renewable energy sector. It is a public limited government company under the administrative control of the Ministry of New and Renewable Energy (MNRE). IREDA's main services include providing financial assistance for projects related to renewable energy and energy efficiency. The company plays a significant role in the promotion and development of renewable energy projects across India. Recent developments in the renewable energy sector often involve governmental initiatives and policies to enhance sustainable energy production, but specific recent developments regarding IREDA are not available in the provided data.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), IREDA reported a total income of ₹2057.85 crores, showing a 5.0% increase from the previous quarter (Q1FY26), where the total income was ₹1959.84 crores. On a year-over-year basis, total income saw a significant increase of 26.2% compared to the second quarter of the fiscal year 2025 (Q2FY25), which recorded ₹1630.37 crores. This growth in revenue reflects an upward trend in the company's income generation over the last year, indicating a robust business environment or increased operational efficiency in generating higher revenue.

Profitability

The profitability of IREDA in Q2FY26 demonstrates a substantial upward trend. The company recorded a profit before tax of ₹696.39 crores, reflecting a 128.4% quarter-over-quarter increase from ₹304.84 crores in Q1FY26, and a 51.4% year-over-year increase from ₹459.87 crores in Q2FY25. Following tax expenses, which also saw a notable increase, the profit after tax for Q2FY26 amounted to ₹549.33 crores. This represents a 122.5% increase from the previous quarter and a 41.7% rise compared to the same quarter in the previous year. Earnings per share (EPS) for Q2FY26 were ₹1.97, compared to ₹0.91 in the previous quarter, although a year-over-year EPS comparison is not available.

Operating Metrics

Total expenses for IREDA in Q2FY26 were ₹1291.54 crores, which decreased slightly by 0.1% from Q1FY26, where expenses were ₹1292.39 crores. However, compared to Q2FY25, there was a 13.2% increase from ₹1140.46 crores. Despite the increase in expenses year-over-year, the company maintained a strong profit margin, as indicated by the higher profit before and after tax figures. The tax expense for Q2FY26 was ₹147.06 crores, showing a significant increase of 153.7% from the previous quarter and 103.8% from the previous year, indicating a higher tax liability in tandem with increased profitability. There is no debt-to-equity or current ratio data provided for a more detailed analysis of financial health through operating metrics.