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Ireda shines in December quarter, but NPA risks remain
Mint Kolkata
|January 15, 2026
Shares of Indian Renewable Energy Development Agency Ltd (Ireda) rose about 1% after its December-quarter (Q3FY26) results showed a strong 38% jump in net profit to ₹585 crore, aided by robust interest income growth and a slower rise in funding costs.
Interest income climbed 25% year-on-year to ₹2,130 crore, while the cost of funds rose at a slower 19% pace. This lifted net interest margin by 12 basis points to 3.74%.
For the first nine months of FY26, Ireda's income grew 27%, but profit rose 15%. Earnings were weighed down by higher provisioning after a loan from FY20 was reclassified as a nonperforming asset (NPA) and the Gensol Engineering exposure turned bad.
Asset quality improved sequentially, with gross NPAs declining to 3.75% in Q3 from 4.13% in Q1. However, stress remains elevated compared with 2.68% in Q3FY25.
Diese Geschichte stammt aus der January 15, 2026-Ausgabe von Mint Kolkata.
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