The decision was taken in a board meeting held today and the QIP will be subject to shareholder and statutory clearances.
IREDA announced the QIP plan post market hours today and its shares ended 1% lower on the NSE at Rs 128.69.
IREDA posted a 15.4% YoY jump in its consolidated net profit at Rs 1,381.36 crore in the December ended quarter. Its revenue from operations witnessed a 28.2% spike year-on-year. The topline for the period under review stood at Rs 6,041.82 crore, against Rs 4,714.25 crore in the same quarter of the fiscal year.
The company’s revenue from operations, for 9 months ended December 31, 2025, stood at Rs 6,135 crore, registering a 27% year-on-year (YoY) growth compared to Rs 4,838 crore reported in the corresponding period last year.
Profit before tax (PBT) for the nine-month period rose to Rs 1,718 crore, up 17% YoY from Rs 1,474 crore in the same period last year. Meanwhile, profit after tax (PAT) came in at Rs 1,381 crore, reflecting a 15% rise over Rs 1,197 crore reported for the nine months ended December 2024.
As per the company’s investor presentation, IREDA’s loan sanctions rose 29% YoY to Rs 40,100 crore, up from Rs 31,087 crore in the corresponding period last year. Meanwhile, loan disbursements surged 44% YoY to Rs 24,903 crore, compared to Rs 17,236 crore in the 9-month period ended December 2024.IREDA share price performance
The company’s shares have underperformed the benchmark indices Nifty and the BSE Sensex, sliding 12% over a month. Both benchmarks are down 2% in this period.
IREDA share price has eroded by 33% over the past 12 months, indicating an extended underperformance.