Essayer OR - Gratuit
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.
Cette histoire est tirée de l'édition January 15, 2026 de Mint Kolkata.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Mint Kolkata
Mint Kolkata
Clinical belief over market trends
Dr Geetika Mittal Gupta's expansion strategy for ISAAC Luxe proves that science-backed personalisation can scale profitably in India's crowded aesthetics market.
1 min
May 05, 2026
Mint Kolkata
BOND ILLUSION: ARE INVESTORS CHASING CLARITY OR YIELD?
In My Financial Career, Stephen Leacock’s short story set in the early 1900s, the protagonist walks into a bank in London with the ambition of opening an account.
3 mins
May 05, 2026
Mint Kolkata
GameStop makes unsolicited offer to buy eBay for $56 bn
GameStop Chief Executive Ryan Cohen made an unsolicited offer to buy eBay for about $56 billion and said he saw a path to make the e-commerce company a much bigger competitor to Amazon.com.
4 mins
May 05, 2026
Mint Kolkata
Vedanta loses plea against Adani's Jaiprakash bid
infusion, which would have improved recovery for lenders, but it was rejected.
1 mins
May 05, 2026
Mint Kolkata
Navi fine-tunes its IPO pitch ahead of a fresh FY27 filing
Navi Ltd is preparing to file fresh documents for an initial public offering (IPO) in 2026-27, with profitability emerging one of its key highlights as the Sachin Bansal-backed fintech revives its listing plans, according to managing director and chief executive Rajiv Naresh.
1 mins
May 05, 2026
Mint Kolkata
Aluminium up, cement down: geopolitics drives sector bets
Aluminium stocks are rallying while cement firms are sliding as geopolitical tensions flare, underscoring a widening gap between globally linked metals and domestically driven materials.
1 mins
May 05, 2026
Mint Kolkata
Sebi seeks GST fix in commodity derivatives
The Securities and Exchange Board of India (Sebi) has made a representation to the secretariat of the Goods and Services Tax (GST) Council to resolve longstanding tax issues faced by investors trading in physically settled commodity derivatives.
1 min
May 05, 2026
Mint Kolkata
Citi appoints Rathi as India M&A head
Citi on Monday announced the appointment of Raj Rathi as head of mergers and acquisitions (M&A) in India, effective June 2026.
1 min
May 05, 2026
Mint Kolkata
Ryan Pinto on why value-based education matters in today's world
In today's fast-changing world, education is often judged by marks, rankings, and college placements.
2 mins
May 05, 2026
Mint Kolkata
Scaling values across 40 campuses
Since 2004, Rustom Kerawalla's over two-decade journey has been all about inclusive, future ready, quality education that is rooted in values.
1 min
May 05, 2026
Listen
Translate
Change font size