Indian Renewable Energy Development Agency (IREDA) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 standalone PAT was ₹554.26 crore and consolidated PAT ₹552.14 crore; H1 PAT was ₹891.75 crore standalone and ₹890.67 crore consolidated, versus ₹795.68 crore and ₹796.21 crore a year earlier.

• H1 FY27 loan book reached ₹97,411 crore, up 15% YoY.

• Auditors issued unmodified opinions on the results.

Financial highlights

• Q2 FY27 revenue from operations was ₹2,344 crore, up 14% YoY; operating profit was ₹904 crore, up 16% YoY, and PBT was ₹707 crore, up 2% YoY.

• Q2 standalone total income was ₹2,344.75 crore versus ₹2,057.45 crore YoY; consolidated total income was ₹2,346.88 crore versus ₹2,057.85 crore.

• H1 FY27 revenue from operations was ₹4,592 crore versus ₹4,004 crore; operating profit was ₹1,745 crore versus ₹1,454 crore.

• H1 standalone finance cost was ₹2,717.52 crore and impairment expense ₹605.35 crore, versus ₹2,431.23 crore and ₹432.53 crore YoY.

• H1 standalone total income was ₹4,594.29 crore and consolidated total income ₹4,597.48 crore; consolidated PBT was ₹1,118 crore.

Outlook and guidance

• India's renewable energy outlook was described as positive, supported by policy announcements and ambitious targets, including a 2030 non-fossil fuel energy target.