Indian Renewable Energy Development Agency (IREDA) Q1 26/27 earnings summary

Executive summary

• Achieved strong revenue growth in Q1 FY27, with a 15% year-over-year increase in standalone revenue from operations and a 24% rise in operating profit compared to Q1 FY26.

• Standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, were approved, showing strong year-over-year growth in revenue and profit.

• Maintained leadership as India's largest pure-play green financing NBFC, with a diversified loan book and pan-India presence.

• Upgraded to Navratna status, raised significant capital through QIP, and received approval for 54EC bonds.

• No audit qualifications were reported in the limited review reports for both standalone and consolidated results.

Financial highlights

• Standalone revenue from operations reached ₹2,249.54 crore in Q1 FY27, up 15% year-over-year and 3% sequentially.

• Standalone net profit after tax for Q1 FY27 was ₹337.50 crore, up from ₹246.68 crore in Q1 FY26.

• Consolidated profit after tax for Q1 FY27 was ₹339 crore.

• Gross NPA stood at ₹3,568 crore (3.76%), and net NPA at ₹1,134 crore (1.23%) as of June 30, 2026.

• Outstanding loan book grew to ₹94,936 crore, a 19% increase year-over-year.

Outlook and guidance

• Positive outlook for India's renewable energy sector, with ambitious government targets and policy support.

• Continued focus on expanding green financing and supporting emerging RE technologies.

• The company continues to focus on financing renewable energy and related projects, with all activities in India.