The Indian Renewable Energy Development Agency (IREDA) has posted an impressive Q2 FY26 performance, with Minister Pralhad Joshi highlighting that IREDA is fostering sustainable growth and self-reliance in the renewable energy sector, lighting up India’s future and inspiring collective efforts toward a greener and brighter tomorrow, with passion and purpose.
IREDA recorded a 145% jump in loan sanctions to Rs 21,408 crore in Q2 FY25, compared to Rs 8,724 crore in the same period last year.”
Loan disbursements were recorded at Rs 8,062 crore, up from Rs 4,462 crore, representing an 81% growth. The loan book increased by 31% to Rs 84,477 crore, up from Rs 64,564 crore.
IREDA’s net worth was recorded at Rs 12,920 crore, registering 38% growth, while Profit After Tax (PAT) grew 41% at Rs 549 crore against Rs 388 crore. Revenue from Operations was recorded at Rs 2,057 crore.
“With passion and purpose, IREDA is nurturing sustainable growth and self-reliance, lighting up India’s future and inspiring us all to build a greener, brighter tomorrow,” the Union Minister said in a social media post.
Commenting on the Q2 performance, Pradip Kumar Das, Chairman & Managing Director, IREDA, stated, “IREDA’s consistent growth across quarters underscores our strategic focus and execution excellence. Our expanding loan book and strong financials are a testament to the trust placed in us by stakeholders and highlight our role as a key enabler in India’s clean energy ecosystem.”
Das also expressed appreciation for Team IREDA’s efforts and extended gratitude to the Union Minister for New & Renewable Energy; Minister of State for New & Renewable Energy; Secretary, MNRE; senior ministry officials; and the Board of Directors for their continued support.