Union Minister for New and Renewable Energy Pralhad Joshi commended the Indian Renewable Energy Development Agency (IREDA) for its strong second-quarter performance in FY26, calling it a reflection of India’s accelerating clean energy transition and commitment to self-reliance in the renewable sector.

Announcing its audited financial results for the quarter and half-year ended 30 September 2025, IREDA reported robust growth across all major financial indicators, underscoring its operational efficiency and strategic focus on advancing India’s renewable energy ambitions.

The Board of Directors approved the results at its meeting today, highlighting continued improvement in profitability, asset growth, and lending activity.

Key Financial Highlights (Q2 FY26 vs Q2 FY25 – Standalone)

Loan Sanctions: Rs 214.1 billion (up 145 per cent from Rs 87.2 billion)

Loan Disbursements: Rs 80.6 billion (up 81 per cent from Rs 44.6 billion)

Loan Book: Rs 844.8 billion (up 31 per cent from Rs 645.6 billion)

Net Worth: Rs 129.2 billion (up 38 per cent from Rs 93.4 billion)

Profit After Tax: Rs 5.5 billion (up 41 per cent from Rs 3.9 billion)

Revenue from Operations: Rs 20.6 billion (up 26 per cent from Rs 16.3 billion)

Commenting on the results, Pradip Kumar Das, Chairman and Managing Director of IREDA, said, “IREDA’s consistent growth across quarters reflects our strategic focus, execution excellence, and the trust placed in us by stakeholders. Our strong financial performance underscores our role as a key enabler in India’s clean energy ecosystem.”

He also acknowledged the support of the Union Minister for New and Renewable Energy, the Minister of State, the Secretary of MNRE, and the Board of Directors, expressing gratitude for their guidance and encouragement.

Minister Joshi lauded IREDA’s contribution, noting that its expanding loan portfolio and profitability continue to fuel India’s clean energy growth, lighting the way toward a greener and more sustainable future.