Indian Renewable Energy Development Agency Limited (IREDA) has announced its audited financial results for the second quarter (Q2) of the financial year (FY) 2025-26 that ended September 30, 2025. The company reported revenue from operations of 20.57 billion in Q2 FY 2025-26, marking an approximate 26 per cent year-on-year (YoY) growth from Rs 16.30 billion in Q2 FY 2024-25. Furthermore, profits after tax stood at Rs 5.49 billion, recording an approximate 41 per cent YoY growth from Rs 3.88 billion in Q2 FY 2024-25.
Additionally, the loan sanctions of the company increased from Rs 87.24 billion in Q2 FY 2024-25 to Rs 214.08 billion in Q2 FY 2025-26. This represents a YoY growth of 145 per cent. The loan disbursements stood at Rs 80.62 billion, recording an 81 per cent YoY growth from Rs 44.62 billion in Q2 FY 2024-25.
Earlier in September 2025, IREDA approved a Rs 11.34 billion loan for Insolation Energy’s wholly owned subsidiary, Insolation Green Energy, which will be utilised for the development of a 4.5 GW solar cell manufacturing unit in Madhya Pradesh.
Furthermore, earlier in the same month, IREDA raised Rs 4.53 billion through its second issue of perpetual bonds at a rate of 7.70 per cent per annum.
