On Monday’s early trade, shares of this NBFC firm, which provides financial assistance for renewable energy (RE) projects, surged 6% to ₹202 per share after the company reported a 382% year-on-year growth in loan sanctions.
At 10:50 a.m., on Monday’s trade, Indian Renewable Energy Development Agency Ltd (IREDA) shares were trading at ₹197.20 per share, up 3.54 percent from the previous close price on the stock exchange. The company has a market capitalization of ₹53,016 crore.
What’s News: According to the IREDA’s filings, During the first quarter ending June 30, 2025, IREDA achieved loan sanctions of ₹9,136 crore and loan disbursements of ₹5,320 crore, marking significant increases of 382.62% and 67.61%, respectively, compared to the same quarter of FY 2023-24. The loan book stood at ₹63,150 crore, reflecting a record growth of 33.77%.
About company: Indian Renewable Energy Development Agency Limited (IREDA) is a ‘Navratna’ Government of India Enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE).
Established in 1987 as a Non-Banking Financial Institution, IREDA is promoting, developing, and providing financial assistance for projects related to new and renewable energy projects.
Financials: The IREDA has reported substantial growth in its annual revenue, with a 34 percent increase from ₹1,036 crore in Q4 FY23 to ₹1,391 crore in Q4 FY24. Additionally, net profit saw a remarkable 33 percent rise, growing from ₹254 crore to ₹337 crore over the same period.
Over the past year, shares of Indian Renewable Energy Development Agency Ltd have surged by 228 percent, with an 88 percent increase in the last six months.
IREDA has a geographically diversified portfolio across 23 states and 4 union territories in FY24.
More about the company: IREDA plans to increase its annual disbursements more than fivefold to ₹1.36 lakh crore by the financial year 2030. At the end of the financial year 2024, IREDA’s disbursements reached ₹25,089 crore, reflecting a 15% growth compared to the financial year 2023.
By the end of the financial year 2030, IREDA aims to have a loan book of nearly ₹3.5 lakh crore, which represents a sixfold increase from its financial year 2024 loan book of ₹59,650 crore.
IREDA’s Non-Performing Assets (NPA) have steadily decreased from 7.18% in 2020 to 0.99% in 2024. Similarly, the Gross NPA has declined from 10.08% to 2.36% during the same period.
The sector-wise split of IREDA’s outstanding loans includes 27% for Solar Thermal / SPV, 18% for wind projects, 12% for hydro projects, 6% for manufacturing projects, and 5% for ethanol projects.
Written by Omkar Chitnis
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