Indian Renewable Energy Development Agency Ltd

Quick check

The five things to look at first. Open one for more.

• DebtHighest safetyRated AAA by 3 agencies.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 14% and profit rose 0.9% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 72% of the company, about the same as in Sep 2025.
• ValuationCheap vs its pastThe share trades at 14.4 times its yearly earnings (P/E), cheaper than 99% of the time in the last 3 years. Its usual P/E is about 27.

Indian Renewable Energy Development Agency Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)14.4 against a typical 13.8: pricier than most peers (1st = cheapest).5th of 8
• Sales growth+14% against a typical +14% from a year earlier.4th of 7
• Profit growth+0.9% against a typical +0.9% from a year earlier.4th of 7
• Share price, 3 months−16.7% against a typical −19.9%.3rd of 8

Exchange filings and their impact on the company.

• 19 Oct 2026Outcome of Board MeetingMedium impactPositivePrice −2.8% on 21 Oct
  Strong loan-led revenue growth with Q2 profit flat yearly but sharply up quarterly after high Q1 provisions.

  IREDA reported Q2 FY27 standalone total income of Rs 2,345 crore, up about 14% from last year, and net profit of Rs 554 crore, almost flat yearly but up 64% from Q1. Loan book grew to Rs 93,961 crore and half-year profit rose 12% to Rs 892 crore despite higher provisions of Rs 605 crore. The company said three fraud cases of Rs 673 crore, mainly Gensol Group, are fully provided for, with provision coverage improving to 70.4% and no default on its borrowings.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.