Home / Business and Economy / IREDA Sees 41% Profit Surge and 26% Revenue Growth in Q2 FY26
IREDA Sees 41% Profit Surge and 26% Revenue Growth in Q2 FY26
14 Oct
Summary
- IREDA's consolidated net profit rallied 41.67% to Rs 549.33 crore
- Total revenue from operations increased 26.24% to Rs 2,057.28 crore
- Profit before tax (PBT) jumped 51.41% to Rs 696.39 crore
In the second quarter of the fiscal year 2026, the Indian Renewable Energy Development Agency (IREDA) has reported impressive financial results. The company's consolidated net profit has rallied by a remarkable 41.67%, reaching Rs 549.33 crore, compared to the same period last year. This surge in profitability can be attributed to a 26.24% increase in total revenue from operations, which stood at Rs 2,057.28 crore.
Furthermore, IREDA's profit before tax (PBT) has also seen a substantial jump of 51.41%, reaching Rs 696.39 crore during the quarter. The company's operating profit has also increased by 54%, from Rs 503 crore in Q2 FY25 to Rs 776 crore in the current quarter. Additionally, the cost of borrowing has declined to 7.24% in Q2 FY26, down from 7.80% in the corresponding quarter of the previous fiscal year.
On a half-year basis, IREDA's net profit has added 3% to Rs 796 crore, while its revenue has risen by 28% to Rs 4,004 crore in H1 FY26 compared to the same period last year.
