IREDA rallies after loan book climbs 22% YoY in March?26

Indian Renewable Energy Development Agency (IREDA) jumped 4.76% to Rs 114.40 after the company reported a 22% increase in its outstanding loan book to Rs 93,075 crore as of 31st March 2026, compared with Rs 76,282 crore as of 31st March 2025.

As on 31st March 2026, loan sanctioned rose 9% YoY to Rs 51,883 crore and loan disbursements climbed 16% YoY to Rs 34,946 crore.

Meanwhile, the company?s wholly owned subsidiary, IREDA Global Green Energy Finance IFSC (IGGEFIL) received international credit ratings from CareEdge Global Ratings. IGGEFIL has been assigned a Long-Term Foreign Currency Issuer Rating of ?BBB+/Stable?, which is at par with India?s sovereign rating.

Seperately, the company has signed a facility agreement for raising External Commercial Borrowing (ECB) from Sumitomo Mitsui Banking Corporation (SMBC) for JPY 28 billion, including a green shoe option of JPY 12 billion.

IREDA is a 'Navratna' Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE). IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation.

The company ?s consolidated net profit rallied 15.42% to Rs 1,381.36 crore on 26.80% increase in total revenue from operations to Rs 6,135.08 crore in Q3 FY26 over Q3 FY25.